Daily Capesize Review 23/4/21

Capesize freight rates rebounded with gains in both basin on market optimism despite some attempts to cool down the rally. The Capesize 5 time charter average then grew up by $954 day-on-day to $34,762 on Friday, due to good shipping fundamentals. The Baltic Dry Index (BDI) then rose by 1.38 % or 38 points on-day …

Daily Capesize Review 22/4/21

Capesize freight rates dipped after recent rally with corrections in the paper market, amid the sluggish physical market. The Capesize 5 time charter average then inched up by $518 day-on-day to $33,808 on Thursday, as trade participants took a breather from the FFA market. The Baltic Dry Index (BDI) then rose by 1.48 % or …