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• Capesizes end week with a bounce (07 Aug 2025)

  Capesizes get a new lease on life at the end of the week with a sudden upswing in demand for large-size bulkers in the East taking the trans-Pacific RV rates more than US$ 3,000 higher in 24 hours to the US$ 26,000s and beyond. Inter-Atlantic rates have also bounced back by a decent amount with around US$ 1,000 added day-on-day to the TARV assessment to place it just short of US$ 29,000. Owners are said to be already seeking US$ 30,000 on TARV. Panamaxes have yet to see the kind of sector-wide recovery that has supported the Capes, but there are some considerable improvements seen in the eastern basin with Pacific RVs bouncing back by some US$ 300-400 day-on-day to hit the mid-high US$ 12,000s on tonnage of 82,000 dwt. Smaller vessels of 76,000 dwt are also fetching middle US$ 11,000s on round voyage deals in the Pacific. FH is still under pressure with last-done in the US$ 22,000s range. (For news & updates on dry bulk shipbroking, subscribe to the BMTI Daily Report.)

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