Mixed performance could rather adequately describe the Capesize spot market going into the final days of June with areas of strengthening demand being offset by continued weakness in others. South America has been the saviour of demand for the big bulkers this week with nearly every rate coming from NCSA or ECSA showing some kind of improvement. Brazil/China voyages have jumped beyond US$ 23/mt. The round voyage TC rates between China and Brazil, similarly, have leapt by US$ 1,500 to US$ 20,000 daily, shipbrokers confirm. (For news & updates on dry bulk shipbroking, subscribe to the BMTI Daily Report.)
