Capesize rates maintained a positive momentum on Wednesday, registering more gains on expectations of a growing Chinese economy.
The Baltic Exchange Capesize Index shot up 107 points to 794, while the weighted time-charter equivalent average gained $751 to $8,666 per day.
"The most important reason is the increase of exports from Brazil, which is one of the most important factors in the capesize market," Seanergy Maritime chief executive Stamatis Tsantanis told TradeWinds.
