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Dry Bulk Capes International

Capesize bubble bursts as daily rates drop 64% in three weeks

Daily capesize spot market has fallen to around $30,000 from a decade-high of almost $87,000 three weeks ago

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Weaker indicators out of China combined with lower iron ore volumes from Brazil and potentially Australia as the first-quarter approaches are providing short-term headwinds to the capesize market

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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