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Dry cargo market report dated 9 October 2020

Capesize: The Capesize market reached new highs for the year this week, topping out at $34,896 on the 5TC. The quick ascension to these lofty heights has been met with an equivalent descent since Wednesday as the market shed value down to $29,479 by weeks end.

Handysize: At the start of the week, both the BHSI and the time charter average declined for the first time since September. 

The weekly dry bulk market report contains a summary of the recent movements in the market, alongside the latest figures for average dry bulk earnings and Baltic Dry indices.

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Posted: 13 October 2020

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