Baltic Exchange Shipping Insights

DRY BULK REPORT

Capesize

The market floundered this week as it attempted to find a floor after the previous week's plunge. Demand remained weak across most routes. The Atlantic incurred some heavy losses on a few days throughout the week before the tide appeared to turn on Friday.

Stronger fronthaul numbers were being heard fixed late on Friday, while bids were heard to be lifting on C14 Brazil to China due to a lack of offers in the market. The West Australia to Qingdao C5 m…