Daily Capesize Review 3/2/21

Capesize freight rates slid downward on muted physical market with Lunar New Year holidays round the corner. The Capesize 5 time charter average then slumped further by $1,251 day-on-day to $12,802 on Wednesday, after a choppy trading session. The Baltic Dry Index (BDI) also continued to dip further by 3.84% day-on-day or 53 points to …

Daily Capesize Review 2/2/21

Capesize freight rates continued to slump on the growing tonnage list, despite strong bunker prices that failed to support prices. The Capesize 5 time charter average then dropped by $1,463 day-on-day to $14,053 on Tuesday, after a selloff in the market. The Baltic Dry Index (BDI) also plunged by 4.43% day-on-day or 64 points to …