Daily Capesize Review 10/2/21

Capesize freight rates continued to move downward on scant market activities due to the Lunar New Year holidays. The Capesize 5 time charter average then dropped by $610 day-on-day to $10,749 on Wednesday, amid thin market activities. The Baltic Dry Index (BDI) moved flattish and dipped slightly by 0.23% or 3 points to 1,303 readings, …