US EditionBaltic Exchange Shipping Insights
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Baltic Exchange Shipping Insights
The Capesize market started the week on a firmer note but gradually softened as activity failed to gain momentum. The BCI 5TC began positively at $22,311 but declined steadily, closing the week at $20,503. In the Pacific, initial optimism driven by fresh cargo and miner activity was quickly overshadowed by a buildup of tonnage, leading to a steady decline in rates. Offers on C5 slipped from $9.30 early in the week to $8.65 by week’s end, with TC…
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