Daily Capesize Review 22/3/21

Capesize freight rates continued to push forward with firm support from smaller vessels, amid market expectation of more iron ore shipments in Q2. The Capesize 5 time charter average then inched up by $314 day-on-day to $19,751 on Monday, despite thin market activities at the start of the week. The Baltic Dry Index (BDI) also …

Daily Capesize Review 19/3/21

Capesize freight rates inched upward, despite slow shipping activities and market concerns over disruptions of Australian coal shipments. The Capesize 5 time charter average then increased by $564 day-on-day to $19,437 on Friday, due to improvement in the physical market. The Baltic Dry Index (BDI) also surged up higher by 2.98% or 66 points to …