Category archives: Freight

Daily Capesize Review 10/5/21

Capesize freight rates rebounded on record high iron ore prices, which showed no signs of stopping due to the robust Chinese steel demand. The Capesize 5 time charter average then rose by $856 day-on-day to $41,514 on Monday, as market sentiment turned bullish with the meteoric rise of iron ore prices. The Baltic Dry Index …

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Daily Capesize Review 7/5/21

Capesize freight rates went into correction after recent paper market rally over thin physical market activities. The Capesize 5 time charter average then plunged into a sharp drop and went down by $1,338 day-on-day to $41,514 on Friday. The Baltic Dry Index (BDI) however dropped slightly by 0.90% or 29 points on-day to 3,183 readings, …

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Daily Capesize Review 6/5/21

Capesize freight rates dived sharply upon political risks with worsening relations between Australia and China and its impact on the iron ore trades. The Capesize 5 time charter average then reversed into huge losses and went down by $1,965 day-on-day to $42,852 on Thursday. The Baltic Dry Index (BDI) also dropped by 1.65% or 54 …

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