Dry Bulk Market

Capesize The capesize market started the week with a cautiously optimistic tone despite sluggish overall activity. Weather disruptions in China and a gradual start in the Atlantic were notable factors. By midweek there was a significant boost to market sentiment, with the BCI 5TC seeing a substantial increase, driven by active engagement from all three miners in the Pacific and robust cargo lists. Further in some owners secured cover ahead of the Chinese New Year holidays, leading to a decline in C5 rates. As the week draws to a close there was a mixed picture, with the Pacific market experiencing pressure on rates initially, followed by a correction, while activity remained robust from South Brazil and West Africa, tightening the market slightly, specifically for end February/early March loaders from South Brazil and West Africa. Overall, the week was influenced by Lunar New Year holiday preparations and regional demand dynamics. Panamax A captivating week for the Panamax market with various peaks and troughs seen across the market. Despite a muted start the Atlantic sprung into life, however very mixed views on where true market value was on some of…