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FREIGHT MARKET

A Kamsarmax bulk carrier from Oldendorff sailing in open sea, equipped with four large yellow MacGregor electro-hydraulic cranes, SMAG grabs, and visible hatch covers on the deck under clear blue sky

Capes dropped BDI 

The dry bulk market fell as Capesize rates plunged, while Kamsarmax, Ultramax, and Handy segments recorded weekly gains, partially offsetting the overall decline

A large Capesize bulk carrier named “UNIVERSAL PIONEER” sailing at sea, viewed from the front, underway

Large sizes pulled the freight market up

The dry bulk market posted a strong performance last week, with Capes and Kamsarmaxes achieving double-digit gains while smaller sizes remained flat compared to the previous week

Container cranes at the Port of Baltimore, USA, unloading cargo under bright lights during evening operations, with stacked containers from major global shipping lines

The Capes decreased the freight market

The dry bulk market witnessed a significant decline last week, primarily driven by Capesize vessel losses nearing 20%, while smaller vessel sizes showed resilience with either minimal losses or slight gains