Wouldn’t it the good if the second half of 2020 could bring around more of the same of what we had in June when capesize rates increased eight-fold. Preferably extend the rally to include the three smaller amigos too, making all sizes of bulkers profitable.

Even considering the June rally, average freight rates for capesize ships ended lower than those of panamax ships for the first half of 2020. At $7,232 per day for a panamax, daily average freight rates exceeded those of a capesize by j...