Capesize spot rates are rocketing once again, having risen by more than $5,000 on a Friday and a further $6,736 on Monday, taking them back above the $50,000 mark and to levels not seen since 2009. Brokers Lorentzen & Stemoco described the current cape freight environment as a “perfect storm” in an...
https://splash247.com/growing-chinese-port-congestion-fires-capes-to-12-year-highs/