US EditionBaltic Exchange Shipping Insights
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Baltic Exchange Shipping Insights
The Capesize market started the week slowly due to the Hari Raya Puasa holiday in Singapore but gained momentum as trading resumed. The Pacific saw a midweek rebound, driven by strong C5 activity, with all three miners fixing in the low $9s. A tightening tonnage list and solid cargo volumes supported rates, while increased coal demand pushed timecharter earnings higher. However, as the week closed, market activity softened, partly due to holiday…
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