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Capesize rates jump by 10%Capesize rates jump by 10%

Capesize rates jumped 10% on Tuesday as the rebound in the dry bulk market continued.

Marcus Hand, Editor

August 5, 2015

1 Min Read
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Average capesize spot rates leapt by $1,814 to $19,879 daily, and the Baltic Capesize Index was up 204 points at 2,512.

The sharp rise in capesize rates helped push the market as whole to a year high with the Baltic Dry Index moving up 49 points to 1,200.

However, while capesizes soared the smaller sizes were actually slightly down on Tuesday. The Baltic Panamax Index was down 5 points at 1001 and the Baltic Supramax Index down 1 point at 899.

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About the Author

Marcus Hand

Editor

Marcus Hand is the editor of Seatrade Maritime News and a dedicated maritime journalist with over two decades of experience covering the shipping industry in Asia.

Marcus is also an experienced industry commentator and has chaired many conferences and round tables. Before joining Seatrade at the beginning of 2010, Marcus worked for the shipping industry journal Lloyd's List for a decade and before that the Singapore Business Times covering shipping and aviation.

In November 2022, Marcus was announced as a member of the Board of Advisors to the Singapore Journal of Maritime Talent and Technology (SJMTT) to help bring together thought leadership around the key areas of talent and technology.

Marcus is the founder of the Seatrade Maritime Podcast that delivers commentary, opinions and conversations on shipping's most important topics.

Conferences & Webinars

Marcus Hand regularly moderates at international maritime events. Below you’ll find a list of selected past conferences and webinars.

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