Category archives: Freight

Capesize rates drop on low cargo list

Capesize freight rates dipped on mixed market sentiments, due to lower cargoes list in the physical market. The Capesize 5 time charter average then went down slightly by $98 day-on-day to $17,310 on Wednesday, from a subdued trading market. The Baltic Dry Index (BDI), however rose slightly by 0.49 % or 7 points to 1,425 …

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Capesize rates rise on supply tightness in the Pacific

Capesize freight rates continued to hike upward on better physical market especially on the improving Pacific basin. The Capesize 5 time charter average then went up by $752 day-on-day to $17,408 on Tuesday, with bullish movements seen in the Jan and Feb contract. The Baltic Dry Index (BDI) also rose by 3.20 % or 44 …

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