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Dry Bulk Market Mixed as Capes Surge GEOTRENDS.EU

Dry bulk market mixed as Capes surge

The dry bulk cargo market extended its positive trend, with Capes gaining 14.05%. However, Panamaxes saw declines, particularly in the Atlantic, while Ultramaxes and Handies closed the week in positive territory

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Marginal losses in the dry bulk cargo market

Dry bulk cargo market sees marginal losses as all vessel sizes record single-digit declines. Capes drop 2.3%, Supramaxes fall 5.63%, and Handies decrease by 0.33%, pushing BDI down to 1797 points