Capesize TC rates have fallen again this week and the market continued to soften although sentiment remains optimistic that the market will pick up following the summer season.

Capesize period rates for six months and one-year have dipped slightly this week as activity slows down with the summer season upon us.

Dry Time Charter Rates vs Fixtures for the first six months of 2019

Capesize period rates have gone from strength to strength this week as positive sentiment stems from the upward movement of the BDI that has reached the highest point since 2013.

Although few period deals have been reported this week, the sentiment for capesize TC rates has received a boost once again, off the back of continued improvements in the spot market.

Despite a strong spot market, it has been a mixed week for capesize period fixtures with just a few short to medium term fixtures recorded.

Boosted by the BCI, Capesize period rates firmed this week, however few period deals have been reported as owners and charterers decide which move to make.

Capesize period rates have picked up again this week off the back of improved activity between Brazil and China.

There is more optimism in the capesize period market, rates have picked up and with some longer period fixtures reported for around 18-24 months.

There have been some rumours that Vale has returned to the market.

Capes, a quiet week for the larger vessels with some short period activity reported.

A stable week for the Capesize this week but concerns of a new dam at risk in Brazil have put a damper on the positivity seen recently.

Activity in the pacific has stabilised the capesize market this week following last week’s volatility.

The news that a court has ordered Vale to halt operations at its Brucutu iron ore mine, reversing a previous court decision that had allowed

The capesize period market has continued to improve this week and the boost in spot rates has further reinforced the sentiment that the market is now beginning to recover.