Daily Capesize Review 29/1/21

Capesize freight rates continued to slide on muted trading activities, amid softening physical market. The Capesize 5 time charter average then slipped further by $458 day-on-day to $15,675 on Friday, after some short selling in the paper market. The Baltic Dry Index (BDI) also declined further by 1.22 % day-on-day or 18 points to 1,452 …