Daily Capesize Review 28/1/21

Capesize freight rates slid further on weakening physical market, due to low shipping demand and bearish market outlook. The Capesize 5 time charter average then dropped further by $1,657 day-on-day to $16,133 on Thursday, following a short sharp selloff in the paper market. The Baltic Dry Index (BDI) also went down further by 4.55 % …

Daily Capesize Review 27/1/21

Capesize freight rates continued the downward trend with softening physical market that caused a selloff in the paper market. The Capesize 5 time charter average then dived further by $2,919 day-on-day to $17,790 on Wednesday, despite some late buying activities as some buyers tried to pick from the market bottom. The Baltic Dry Index (BDI) …