A lacklustre week for capes as bad weather and seasonality put pressure on rates

Yesterday was the first day back after the holiday period, the capsize market looked somewhat active with some interest on the West Australia to China route

The recent positive run in the capes has now come to a halt with very little time charter activity to note this week

Capesize TC rates continued to firm slightly this week. However we expect sentiment in the period market to dip in the coming weeks

The capesize market continued to rise this week as sentiment improved for the spot and TC markets along with gains in the FFA sector

A more positive week for the capes this week with demand improving on the Australia to China route

The capesize marker continued to come under pressure this week due to little activity out of Brazil and an oversupply of tonnage

Capesize period rates have tumbled again to the lowest point since April. That said, it is important to remember that these rates

The capesize spot market has shown some positivity in the last few days. Sentiment has improved in the Atlantic and in the Pacific

The capesize market continued to fall alongside a plunging FFA market, that did nothing to improve sentiment overall as fears

The capsize market continued to correct this week with pressure in the pacific as port congestion eased

After a period of gains, momentum in the capesize market decreased slightly and as such rates received a slight correction to an average of $51,000/pdpr for six month periods