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Capesize rates finally breached $30,000/day mark and Capesize rates became higher than Panamax rates for the first time in 2022

As of today (11 May 2022), Capesize rates finally breached $30,000/day mark to $31,151/day from the average of about $14,000/day in April 2022 or about $11,000/day on 20 April 2022 according to the Baltic Exchange. As you may have noticed in several freight market insights and briefings, we have consistently argued that the Capesize market . ....

Daejin Lee , Baltic Exchange , Signal Monitor ,