Capesize rates plummet to historic low

Ahead of the weekend the Baltic Capesize Index plummeted to an all-time low. This means that spot rates have dropped 70 percent within the last month.

Photo: K Line

Spot rates for the benchmark Capesize dry bulk vessels are plummeting and the rates have now dropped 70 percent over the last month, according to numbers from the Baltic Capesize Index.

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