08
Dec

Dry Bulk Market: Capesize Market Faced a Difficult Week

Capesize The Capesize market faced a challenging week, with the BCI 5TC steadily declining, shedding $3,909 across the week to close at $12,727, reflecting subdued sentiment and oversupply of tonnage in both basins. While the Pacific saw intermittent injections of fresh cargo, oversupply of tonnage persistently weighed on rates, with the C5 index dropping from …