Spot Market for Capesize Bulkers has halved

Spot market rates for capesize bulkers has halved in two weeks to just $7,100 per day by Wednesday. Currently, Spot market rates for capesize bulkers has only covering operating costs. Greek shipowner and operator Diana Shipping first fixed out the 2015 built capesize dry bulk carrier 180K DWT M/V New Orleans to American Koch Fertilizers for 12 to 16 months at $11,250 per day. American Koch Fertilizers has done another deal with the US-listed shipowner and operator Diana Shipping. American Koch Fertilizers chartered in capesize dry bulk carrier 208K DWT M/V San Francisco for 12 to 16 months at $11,750 per day.