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