According to a recent report from BIMCO, even without much support from Brazilian iron ore exports during August, capesize rates went from US$10 000 to US$17 000/day. In September, those gains were retained until Chinese Golden Week in early October reduced trip chartering interest, dampened demand and lowered the freight rates. Not dramatically, but noticeably.
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"BIMCO: dry bulk shipping should take good care of the recovery "
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