The Baltic Exchange has issued its report for the week 16-20 March to provide information of the bulk market performance.
Capesize
It was a week of mixed route performance in the Capesize market. Following a positive close on Friday, the Capesize Timecharter Average (C5TC 182) ultimately rose by $817 week-on-week. The C3 Brazil to China route edged above $30, a level last seen in July 2024 with the current laycans across both the first and second halves of April.
By contrast, the C5 West Australia to China route remained under pressure, sliding from $13.475 on Monday to $11.71 on Friday, a weekly decline of $1.765. In the North Atlantic, market activity strengthened from mid-week…