
Capesize Shipping Rates Slowing Down—Rates Rising Elsewhere
Shipping in the Capesize Market is beginning to slow down after a strong September driven by iron ore restocking in China and exports of ore from Brazil. According to the MID-SHIP Report on Oct. 10, average Capesize earnings fell to $33,368 from $42,211 two weeks ago. Time charters averaged $30,000 prompting owners to turnover cargo […]