Capesize
The week started positively for the capes, especially in the Pacific, where rates saw a slight increase. However, Tuesday brought a downturn in the Pacific market, with fixtures dropping significantly by $1.50 from West Australia to China. This drop was attributed to increased competition from older vessels and a pessimistic FFA market. Consequently, the C5 index declined by $1.41 to reach $13.125. This downward trend continued as the week progressed, with more pressure in the Pacific...
https://mfame.guru/bulk-report-capesize-turbulence-panamax-surge-and-regional-insights/