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.

Some optimism in the capesize market this week with the news that Vale’s Brucutu mine in Brazil is once again up and running and there has been some interest in longer periods.

A busier week for Capes, in the run up to Easter.

After hitting a two-year low last month, Capesize TC rates have bounced up slightly this week thanks to fresh enquiry in the Atlantic.

Bad weather in Australia has put additional pressure on the capesize market, with Rio Tinto declaring force majeure on some iron ore contracts.

The element of positivity seen in the capes last week was not to be and period rates have remained low.

Very little period activity has surfaced this week, the slight improvement in the BDI has yet to have much of an impact on capesize timecharter rates.