Category archives: Freight

Capesize freight rates continued to rise with the return of trade participants from holidays and on firmer shipping fundamentals. The Capesize 5 time charter average then increased by $1,109 day-on-day to $20,962 on Tuesday, after a buying spree in the trading session. The Baltic Dry Index (BDI) also hiked up slightly by 0.97% or 20 …

Continue reading “Daily Capesize Review 6/4/21”

Capesize freight rates found supports in better shipping fundamentals in the Atlantic market with higher iron ore shipment volumes from Brazil. This was due to better weather conditions in Brazil with the passing of rainy seasons to allow miners to ramp up productions for exports. Meanwhile, the shipping participants were still returning to the market …

Continue reading “Daily Capesize Review 5/4/21”

Capesize freight rates are expected to rise in the second quarter of the year, in anticipation of strong iron ore exports from Australia and Brazil. After a strong Q1, shipping fundamentals remained robust with a relatively tight dry bulk supply amid plenty of commodity demand. The Baltic Dry Index (BDI), then rose by 1.27% or …

Continue reading “Daily Capesize Review 2/4/21”