iShipNet Chartering Market Reports
As the halfway mark of 2020 arrives, the capesize market is making new highlights for the year.
The Capesize market trajectory this week has been one of the steepest rallies the sector has experienced.
The Capesize market made new highs for the year this week after strong iron ore demand to the far east continued to develop in the market.
The small flicker of hope at the beginning of this week has kindled a small fire under the Capesize market. At a paltry $3,369 from the beginning of the week, the Capesize 5TC has lifted to $7,307...
A sober end to the week, with the market seemingly ready for the weekend.
After a week of bounce momentum the market appears to have stalled out once again.