Dry bulk market losing steam once again on capesize woes

A decrease of iron ore sales to China this week has once again brought down the Capesize market and in turn the dry bulk market’s benchmark, the Baltic Dry Index (BDI) which yesterday retreated by 1.54% to 2,111 points. The Capesize segment was down by 3.57% on the day.
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Source: Hellenic Shipping News