The Capesize market in Q4 thus far was defined by a steady decline in BDI with a recent small uptick during December. After its 5TC average peaked in the first days of October to US$33.500/d, it is now hovering in the very low US$15,000’s/d region. Substantial sales volume was recorded amidst a steady supply of …

The post Capesize secondhand sales bonanza in Q4 first appeared on Hellenic Shipping News Worldwide.