March 5 Daily Dry Bulk Comment

2013-03-05

Australia's iron ore ports have fully re-opened now that Tropical Cyclone Rusty has passed. This has allowed Australian iron ore cargoes to return to the dry bulk market, which will likely help capesize rates find support this week. Elsewhere in the dry bulk market, a moderate amount of grain, coal, and minor bulk cargoes have continued to surface. This is allowing panamax, supramax, and handysize rates to find continued support.

Source from CNSS

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