Daily Capesize Review 26/1/21

Capesize freight rates extended losses from weak physical fundamentals that resulted a selloff in the paper market. The Capesize 5 time charter average then plunged further by $2,657 day-on-day to $20,709 on Tuesday, following the weak physical market. The Baltic Dry Index (BDI) then headed south on weakening freight rates and fell by 6.01 % …

Daily Capesize Review 25/1/21

Capesize freight rates continued it downward spiral with softening physical demand in both basins that were affected by unfavorable weather conditions. The Capesize 5 time charter average then slid further by $1,265 day-on-day to $23,366 on Monday, due to slow start to the trading week. The Baltic Dry Index (BDI) also headed southward on weakening …