The Capesize market saw a decline with the BCI 5TC dropping to $21,676 by Friday. Panamax experienced mixed activity but ended with a slight gain, reports Baltic Exchange.
CapesizeThe Capesize market experienced a steady decline this week, with the BCI 5TC falling from $24,521 on Monday to $21,676 by Friday. The Atlantic saw significant fixing activity, particularly from South Brazil to China, but an oversupply of tonnage in ballast and weakening demand led to a softening trend. The C3 index...
https://mfame.guru/capesize-market-sees-decline-amid-atlantic-fixing-activity/