Guinea bauxite boom lifts capesize earnings and values
- Guinea’s bauxite upsurge lifted capesize tonne-mile demand by 5.3%
- Capesize earnings rose nearly 80% year on year
- Stronger cashflows pushed secondhand values sharply higher
Long-haul cargo growth pushed average tonne-mile demand up 5.3%, while benchmark capesize earnings climbed nearly 80% year on year
