Significant decline in dry bulk since end of May

Since the end of May, the dry bulk market has seen a rapid drop, with one factor being a halving of the spot price on Capesize, according to Clarksons Platou.

Photo: PR / Clipper Group

The dry bulk market has seen a significant drop in recent weeks, with the spot price in the Capesize segment being halved since the end of May to USD 20,000 per day.

Several factors have influenced the market decline, according to Clarksons Platou, which indicates a reduction in coal demand in particular, with declining coal freight volumes on the Atlantic having weakened the market.

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