The capesize bulker market ended the week on a high after two weeks of steady decline, thanks to upward movement in the futures market and steadfastness among shipowners.
The Baltic Exchange Capesize Index has gained 2.9% since Wednesday, reaching 3,025 points on Friday after falling 33.7% from 4,440 points on 3 July.
The weighted time-charter equivalent average for the asset class has followed a similar path, rising 2.9%
