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  • Spot buoyancy returns to Capesizes (14 Jan 2025)

    bulk carrier at seaCapesizes start the week with a widely bullish spirit as front haul rates gain as much as US$ 4,000 over last-done levels to hit the US$ 35-36,000 range on tonnage of 180,000 dwt moving from the UKC-Med to the Far East. DOP rates from the ECSA area have been reported at over US$ 37,500 daily, according to some shipbrokers. The trans-Atlantic round voyag­es, meanwhile, pick up as much as US$ 1,500-2,000 day-on-day to hit the high teens of US$ 18-19,000 daily with shipowners once again calling the shots. (For news & updates on dry bulk shipbroking, subscribe to the BMTI Daily Report.)

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