Capesize dry bulk earnings break record on the back of strong 2021-start
As daily earnings for the largest of the dry bulk ship types – capesize – reached USD 28,520 on Friday 16 April, a ten-year-high was attained. However, whereas Fridays’ daily average time charter equivalent earnings (TCE) are seasonally strong, they are not special by their own merit.
Only when seen as a part of the overall elevated freight rate levels so far in 2021, currently at a daily year-to-date average of...