Category archives: Freight

Capesize rates slip into losses on mixed market

Capesize freight rates reversed into losses after recent gains, due to mixed market directions in both basins. The Capesize 5 time charter average went down by $840 day-on-day to $11,766 on Monday, due to softening freight rates. The Baltic Dry Index (BDI) then dropped by 2.92% or 35 points to 1,162 readings, due to the …

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Capesize rates rebound on better Pacific market

Capesize freight rates rebounded from losses, on firmer rates from the Pacific, though the Atlantic rates were still struggling on thin cargo list. The Capesize 5 time charter average then went up by $332 day-on-day to $12,606 on Friday, amid the mixed market. The Baltic Dry Index (BDI) also hiked up slightly by 0.67% or …

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