Dry Bulk Market: Capesize Iron Ore Flows From Australia to the Far East a Mixed Bag

In early August, Atlantic Capesize freight rates posted significant increases on both a weekly and monthly basis, driving the Baltic C5TC (Timecharter Average $/d) to a weekly increase of 32%. Capesize route C8 (Transatlantic Round Gibraltar/Hamburg $/d) saw a 70% increase and the C7 route (Bolivar to Rotterdam $/mt) saw a 26% increase (WoW). Overall, … Continue reading Dry Bulk Market: Capesize Iron Ore Flows From Australia to the Far East a Mixed Bag