Category archives: Freight

Daily Capesize Review 23/3/21

Capesize freight rates reversed into correction, with some profit-takings from trade participants after the recent rally. The Capesize 5 time charter average then plunged down by $637 day-on-day to $19,114 on Tuesday, after a selloff in the paper market. The Baltic Dry Index (BDI) followed the correction and went down by 2.07% or 48 points …

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Daily Capesize Review 22/3/21

Capesize freight rates continued to push forward with firm support from smaller vessels, amid market expectation of more iron ore shipments in Q2. The Capesize 5 time charter average then inched up by $314 day-on-day to $19,751 on Monday, despite thin market activities at the start of the week. The Baltic Dry Index (BDI) also …

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