Category archives: Freight
Capesize & Panamax FFA Daily Report
Capesize Technical Report
Capesize rates rebound on firm Pacific market
Capesize rates jumped on better physical market with both basins seemed significant gains despite an upcoming public holiday in Singapore. The Capesize 5 time charter average hiked up by $1,197 day-on-day to $17,721 on Wednesday, with Aug and Sep contracts traded on highs of $19,250 and $20,750 respectively. With improvement in Capesize, the Baltic Dry …
Continue reading “Capesize rates rebound on firm Pacific market”
Freight Intraday Morning Technical
Supramax & Handysize FFA Daily Report
Capesize & Panamax FFA Daily Report
Panamax Technical Report
Capesize rates brace for sharp rebound amid new Covid-19 wave
It was a choppy day for the Capesize rates as some market participants were concerned over a new wave of Covid-19 that might delay vessel schedules. However, the paper market is expected to make a sharp rebound with front end futures nearly up by $2,000 on Wednesday, following by increase of $1,500 on Tuesday, especially …
Continue reading “Capesize rates brace for sharp rebound amid new Covid-19 wave”