Quiet holiday break drives spot Capesize rates lower – As the Christmas holiday break comes to an end and traders return to their desks, the Capesize rate market is once again faced with a significant divergence between spot and futures.

Santa rally for spot, doom and gloom for futures – All it took was some (anticipated?) delays and inclement weather in the North Atlantic for spot Capesize rates to recover, albeit at a much later stage than historically has been the case.