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Rate for benchmark capesize bulker route for Brazilian iron ore falls 19% in a week

Home | Press | Rate for benchmark capesize bulker route for Brazilian iron ore falls 19% in a week

One broker welcomed this past week’s relatively calm market across dry bulk shipping, excluding the major spot rate decline for the Brazil-to-China roundtrip voyage for capesizes.

“That’s how we like it, as too much volatility makes things uncontrollable,” said Giuseppe Rosano, founder of UK broking house Alibra Shipping.

“That said, the smaller sized handies and supras are higher than capes, hence it’s still very firm.”

Trade Winds Mast Head

One broker welcomed this past week’s relatively calm market across dry bulk shipping, excluding the major spot rate decline for the Brazil-to-China roundtrip voyage for capesizes.

“That’s how we like it, as too much volatility makes things uncontrollable,” said Giuseppe Rosano, founder of UK broking house Alibra Shipping.

“That said, the smaller sized handies and supras are higher than capes, hence it’s still very firm.”

By Michael Juliano (Stamford)

(Originally published at Tradewindsnews.com – 28 October 2022)