Capesize freight rates rebounded after recent selloff session, as more spot vessels had cleared out and thus setting up for a more balanced market. The Capesize 5 time charter average, then grew by $1,627 day-on-day to $27,033 on Thursday, after the paper market turned bullish and made some convincing gains. The Baltic Dry Index (BDI) …
Category archives: Freight
European Close 18/11/21
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Evening Tanker Report 18/11/21
Trades Recap: TC2 Dec trading today at last done levels; 146 and Cal22 continued to trade down to 18.35$/mt. TC5 Dec traded flat at 128 and Q1 came off slightly to 25.40$/mt. TC6 Dec was trading 184 and TC14 Dec traded flat at 120. TD3C Dec traded 47, Jan/Feb at 0.15c (8.75/8.60) …
Supramax & Handysize FFA Daily Report 18/11/21
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Capesize & Panamax FFA Daily Report 18/11/21
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Supramax Dec 21 Morning Technical Comment – 240 Min 18/11/21
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Freight Morning Technical 18/11/21
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Panamax Dec 21 Morning Technical Comment – 240 Min 18/11/21
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Capesize Dec 21 Morning Technical Comment – 240 Min 18/11/21
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Daily Capesize Review 17/11/21
Capesize freight rates extended losses in seasonally lean period, amid weak iron ore and steel demand in China. The Capesize 5 time charter average, then slumped by $2,653 day-on-day to $25,406 on Wednesday, amid a selloff session. The Baltic Dry Index (BDI) then dropped by $161, down by 6.21% day-on-day, to $2,430, due to softening …