Unusual improvements in the dry bulk market have emerged as a positive surprise this summer, more specifically in July, where the rates increased significantly after hovering at historically low levels for months.
The major Capesize vessels have been a key driving force pushing the Baltic Dry Index up, to now more than 1,200 points, and a new analysis by Clarksons Platou points to iron ore transport as the reason for the renewed optimism in the market.
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