Capes returned to their traditional spot at the top of the dry bulk earnings podium this month in emphatic fashion. The question remains, however, just how far can this rally run? The bulls are running for sure.
Capesize freight rates are firing, propelling the Baltic Dry Index to 11-year highs with capes at their highest seasonal level since 2008 – the final few months of dry bulk’s last bullrun.
Capes smashed through the $30,000 a day mark last week and are on track to break...
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