Weekly Broker: Capes show signs of bottoming out

Bulk carrier S&P activity remained bullish for yet another week among all size segments with further discounts offered for 5-10 year old capesize bulkers. After a disapointing month where capes have been on a steady decline rates-wise from $30,000 to $18,000 a day, there’s signs this week that the market has bottomed out. More than …

splash247