The capesize dry bulk freight market has strengthened markedly over the past days, with average daily earnings approaching about USD 48–49,000, the highest level in roughly three months. Strong demand for iron ore and coal into Asia, combined with weather-related disruptions in the Pacific, is pushing up spot and period charter rates across capesize and panamax segments.
According to leading maritime market reports, capesize vessels have retained positive momentum, with the North Atlantic shifting from minimal transatlantic demand to sharply higher rates as fresh cargo inquiries emerged. Time-charter fixtures for modern 82,000 dwt bulkers have been reported around USD 20,000 per day for two-year periods out of China, indicating solid confidence in forward demand. In the Atlantic, panamax and supramax segments saw steady activity, with ships fixed from North and South America to Europe and the Mediterranean at daily rates in the USD 20–31,000 range for coal and petcoke shipments. Regional business media in Asia report that the Baltic Dry Index has reached its highest reading since early June, driven by capesize spot earnings around USD 48,399 per day and panamax and ultramax rates slightly above USD 20,800 per day.
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