Capes party like it’s 2008

Capt. John

Capesize freight rates are firing, propelling the Baltic Dry Index to 10-year highs with capes at their highest seasonal level since 2008 – the final few months of dry bulk’s last bullrun. Capes climbed $4,638 on the Baltic Exchange yesterday to close at $33,290 per day, triple the 2016 – 2020...

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