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The Baltic Exchange has released its latest update on the dry bulk shipping market for the week ending 16 February 2024.

Data from the Baltic Exchange has shown fluctuations in the market with ultramax and supramax vessels seeing the most positive changes.

According to the Baltic Exchange the capesize market witnessed a mixed and evolving week with notable fluctuations in different regions.

According to the Baltic Exchange, dry bulk shipping has seen positive growth in the Atlantic market with some minor decreases seen in South America and the US Gulf.

The Baltic Exchange has reported a decline in charter rates across multiple dry bulk vessel classes with no sign of abating.

The Baltic Exchange has reported that there has been a slow start to the 2024 dry bulk market with limited fresh enquiry in the ultramax sector and a sedated start for the panamax sector.

The Baltic Exchange has reported that the dry bulk shipping market has seen another week of corrections during the third week of December.

The Baltic Exchange reported that there have been general fluctuations and declining rates across all dry bulk vessel classes.

At the end of November the positive momentum seen throughout the month continued with all bulk vessel classes seeing strong growth.

Initially gloomy market sentiments were replaced by positivity by the end of the week according to the Baltic Exchange.