Bulker Earnings Surge on China Infrastructure Investment

By Firat Kayakiran (Bloomberg) ࢀ"Ships that transport coal and iron ore to China are seeing a surge in earnings as the nationࢀ™s demand for commodities rises, despite concerns about a resurgence in cases of Covid-19 in many parts of the world. Rates for Capesize ships, the largest among dry bulk carriers, have jumped by 48% within the past week, to about $23,700 a day on Monday. On Sept. 25, those earnings hit a two-month high, Baltic Exchange data show. Cargo flows have increased from Australia and Brazil, the worldࢀ™s two largest iron ore producers. ࢀœIron ore exports show no signs…