Tag: reaches
Capesize tonne days growth from Brazil to China reaches new high, surpassing last year’s growth
The third week of October witnessed robust Capesize Brazil to China freight rates, as indicated in the chart above. Furthermore, the demand in tonne days exhibited a noteworthy surge in recent days. Nevertheless, the recent uptick in the number of ballasters presents a downward pressure to the latest recovery signs. On Monday, the price of…