Category archives: Freight

Capesize rates dip on thin activity

Capesize freight rates reversed into drop on thin shipping activities, amid some improvement in the physical market. The Capesize 5 time charter average went down slightly by $91 day-on-day to $12,621 on Monday, after a slow start to the week. The Baltic Dry Index (BDI) then dropped by 0.24% or 3 points to 1,227 readings, due to weaker …

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European Close 30/11/20

Indecision is creeping into the DCE iron ore futures. A Doji star followed by a spinning top is warning that upside moves could fail to hold at these levels. The intraday futures produced a negative divergence on the close of the 31st, resulting in the evening session trading 13 RMB lower. Rebar futures remain corrective; …

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Capesize rates continue to improve on firmer market

Capesize freight rates maintained upward climb, due to the improving physical market and higher bunker prices. The Capesize 5 time charter average then went up by $198 day-on-day to $12,712 on Friday, due to market optimism on December shipping demand. The Baltic Dry Index (BDI) followed the better freight rates and booked a gain of …

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European Close 27-11-20

Iron ore continues to hold near its highs on the bullish sentiment from BHP earlier in the week. DCE futures produced a Doji star on the daily chart, signaling indecision is creeping into the market, warning that buyers and sellers are in balance.     Capesize futures closed the week lower after giving up Wednesday …

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