Category archives: Freight

Capesize freight rates dipped on selling pressure after the recent uptick in the physical market. Thus, the Capesize 5 time charter average fell by $725 day-on-day to $17,881 on Wednesday, after a fresh wave of selloff in the market. The Baltic Dry Index (BDI) went with the dip and dropped by 2.05% or 29 points …

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Capesize freight rates rebounded on better fixtures in the physical market that supported an uptick in the paper market. The Capesize 5 time charter average then rose by $302 day-on-day to $18,606 on Tuesday, due to improving market sentiment on the physical market. The Baltic Dry Index (BDI) followed the minor uptick in Capesize and …

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Capesize freight rates dropped over market concerns over slowing iron ore demand and weakness in the paper and bunker markets. Thus, the Capesize 5 time charter average dipped by $445 day-on-day to $18,304 on Monday, following a selloff session. The Baltic Dry Index (BDI) followed the downtrend and dropped by 0.92% or 13 points day-on-day …

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Capesize freight rates continued the upward momentum on better market sentiments and improving physical markets. The Capesize 5 time charter average inched up by $212 day-on-day to $18,749 on Friday, despite some profit-takings during the trading session. The Baltic Dry Index (BDI) also went up by 1% or 14 points day-on-day to 1,415 readings, given …

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