The Capesize market endured another dreadful week of calamitous rate level falls, as the usual season low Q1 period combined with recent global events to stifle demand.

The week proved conspicuous for all the wrong reasons. This was the week when the Baltic Capesize Index (BCI) turned negative, closing at -20, whilst the average of the routes settled at $3,973....

The market was relatively stable over this past week putting an end to the past months of more extreme declines.

Closing out the first full trading week of 2020, the Capesize market is struggling to gain any solid positive upward traction.

The New Year started with an erosion on pre-Christmas rates as the higher low sulphur fuel costs due to IMO 2020 affected levels. From Brazil the route is now assessed at close to $18.50, whilst...

The Capesize market this past week has been attempting to recalibrate itself in consideration of weakening freight levels and increasing IMO bunker costs.

It was one-way traffic for the Capesize market this past week, with all routes giving up value. While downward momentum may have slowed a touch by Friday, the Capesize 5TC took a trouncing, losing...

This week the Capesize market maintained healthy earnings, as an end of year surge took the Capesize 5TC back up to $25,202 by mid-week.

The market has been well supported over the past week, led primarily by the Atlantic Basin. After bottoming last week, sentiment was seen to improve strongly, with both paper and physical traders...

After a week of value being eroded on the Capesize market, Friday brought improved sentiment across most of the routes.