Capesize spot market sinked

Capesize spot market halved in two weeks to just $7,100 per day by December 14, 2016. $7,100 per day only enough to cover operating costs of capesize dry bulk carriers. US-listed owner Diana Shipping chartered out 2015 built capesize dry bulk carrier 180K DWT M/V New Orleans to Koch for $11,250 per day 12 to 16 months.