Daily Capesize Review 2/12/21

Capesize freight rates rebounded from slump, due to improvement in Pacific shipping demand despite a slow start to the month. The Capesize 5 time charter average, then inched up by $581 day-on-day to $37,604 on Thursday, despite weak sentiment in the paper market. The Baltic Dry Index (BDI) also rose by $68, up 2.23% day-on-day, …