The Capesize market managed to turn its fortunes around this week stemming the slide from the previous week, reports Baltic Exchange.
CapesizeOpening the week at $34,542 the 5TC weakened until midweek before posting a solid 959 gain to settle at $32,593. This revival is largely Pacific led with a small assist from the ballaster routes. The North Atlantic remains weak and largely not dropping further due to an already stretched tether to the Pacific Basin. The Transatlantic C8 at $29,790 is...