Daily Capesize Review 29/1/21

Capesize freight rates continued to slide on muted trading activities, amid softening physical market. The Capesize 5 time charter average then slipped further by $458 day-on-day to $15,675 on Friday, after some short selling in the paper market. The Baltic Dry Index (BDI) also declined further by 1.22 % day-on-day or 18 points to 1,452 …

Daily Capesize Review 28/1/21

Capesize freight rates slid further on weakening physical market, due to low shipping demand and bearish market outlook. The Capesize 5 time charter average then dropped further by $1,657 day-on-day to $16,133 on Thursday, following a short sharp selloff in the paper market. The Baltic Dry Index (BDI) also went down further by 4.55 % …