Daily Capesize Review 9/4/21

Capesize freight rates rallied on better shipping demand, especially with more cargoes coming from the Atlantic market. The Capesize 5 time charter average then rose by $1,037 day-on-day to $23,911 on Friday, due to market optimism for Forward Freight Agreement (FFA). The Baltic Dry Index (BDI), however, dipped slightly after recent rally and went down …

Daily Capesize Review 8/4/21

Capesize freight rates continued to rise on market optimism, after much support from Brazil’s shipping demand. The Capesize 5 time charter average then rose by $406 day-on-day to $22,874 on Thursday, despite some correction in the Pacific freight rates. The Baltic Dry Index (BDI) then faced some corrections after recent rally and went down by …