Daily Capesize Review 14/12/21

Capesize freight rates continued to weaken due to slow shipping activities and oversupplied market, amid holidays season. The Capesize 5 time charter average, then plunged down by $6,289 day-on-day to $32,838 on Tuesday, after a massive selloff in the paper market. The Baltic Dry Index (BDI) also dropped by $284, down 8.83% day-on-day, to $2,932, …