Category archives: Freight

European Close 13/11/20

Iron ore bulls will have been happy with how the week was going before it wrapped. Prices were firm with an expectation that we could see another round of buying before the winter season started. This all changed 28 minutes before the closing bell, with price stalling below the CNY 850 resistance, leaving the market …

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Capesize rates correct again on low shipping activities

Capesize freight rates dipped for slight correction as the physical market continued to soften on scant shipping activities. The Capesize 5 time charter average fell by RMB 525 day-on-day to $12,854 on Thursday, as freight rates came under pressure on bearish market sentiment. The Baltic Dry Index (BDI) then dropped by 1.49% or 17 points …

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