Daily Capesize Review 23/9/21

Capesize freight rates rallied to record high levels, amid tight tonnage supply and improving shipping demand in both basins. The Capesize 5 time charter average, then rose by $1,968 day-on-day to $61,683 on Thursday, as market participants anticipated a super cycle ahead. The Baltic Dry Index (BDI) then jumped further by $91, up 2.00% day-on-day, …