Daily Capesize Review 27/1/21

Capesize freight rates continued the downward trend with softening physical market that caused a selloff in the paper market. The Capesize 5 time charter average then dived further by $2,919 day-on-day to $17,790 on Wednesday, despite some late buying activities as some buyers tried to pick from the market bottom. The Baltic Dry Index (BDI) …

Daily Capesize Review 26/1/21

Capesize freight rates extended losses from weak physical fundamentals that resulted a selloff in the paper market. The Capesize 5 time charter average then plunged further by $2,657 day-on-day to $20,709 on Tuesday, following the weak physical market. The Baltic Dry Index (BDI) then headed south on weakening freight rates and fell by 6.01 % …