Nippon Yusen K.K.'s Dry-Bulk Ship

Nippon Yusen K.K.'s Dry-Bulk Ship

Nippon Yusen K.K. via Bloomberg

Daily rates for Capesizes, each hauling about 160,000 tons of ore, jumped to a 34-month high of $42,211 on Sept. 25, according to the Baltic Exchange, which publishes shipping costs along more than 50 maritime routes.