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A large red dry bulk cargo ship in calm open waters under a dramatic orange sky at sunset, heading straight forward

The dry bulk cargo market continues to decline

The dry bulk market saw declines last week, with Capes dropping 17.71%. Smaller vessel sizes also faced losses, as oversupply and subdued demand shaped the market outlook

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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