DON’T PANIC! A message to bulker operators
Capesize freight rates have fallen 40% on a 5% fall in volumes. Why?
It has been a hard few weeks for Capesize operators. The Baltic Exchange’s Capesize 5TC index surged in September from USD 46,987 to USD 74,186, then stepped up further to USD 86,953 on 7th October…and that was the peak. By last Friday, the 5TC had stumbled to USD 51,463. The Baltic Dry Index inflated from 5,202 points on 1st October to a peak of 5,650 on 7th October and ended last...
https://allaboutshipping.co.uk/2021/10/25/dont-panic-a-message-to-bulker-operators/