Capesize Freight Rates Jump Amid Tight Supplydemand Balance
Capesize market defies seasonal trends with a remarkable 25% freight rate surge. Analysis indicates that tight vessel supply in the North Atlantic, stable iron ore exports from Brazil, and a significant increase in bauxite demand from West Africa are the primary drivers. Looking ahead, bauxite exports from Guinea are poised to become a new engine for Capesize demand growth, potentially reshaping the market landscape.









