Over the past week the Capesize market has broken out of its recent range bound zone to the downside. It has now dropped below the $20,000 level on 5TC, which hasn't been seen since early July....

The Capesize market meandered slightly upwards this week before giving back much of its gains mid-week. Opening the week at $24,945, the Capesize market closed the week down at $24,637.

A roundup of the week's tanker and dry bulk market

A roundup of the week's tanker and dry bulk market

A roundup of the week's tanker and dry bulk market

This week marked further considerable decline in rates for the Capesize market. While the market was tempered at the beginning of the week with a slight uptick, this ray of hope for owners was...

The market trended down over this past week, breaking it out of its upward trending range.

Overall it was a negative week for the Capesize market, with many routes losing ground. A limited amount of timecharter appeared, with most activity seemingly centred on voyage basis.

The market reached new heights this week as the 5TC topped $38,014, a level not seen in the sector since 2013. Fridays 5TC closed down $732 to settle at $37,921.