Daily Capesize Review 14/4/21

Capesize freight rates continued to rise despite mixed market movement between the paper and physical market. The paper market was pushing for greater height, while the physical market took a breather from flurry of fixtures done previously. The Baltic Dry Index (BDI) also rallied by 1.78% or 38 points to 2,178 readings, due to record-high …

Daily Capesize Review 13/4/21

Capesize freight rates rose on strong physical fixtures in both basins, despite some weakening in the FFA market. The Capesize 5 time charter average then inched up slightly by $79 day-on-day to $26,055 on Tuesday, after some profit-takings in paper market. The Baltic Dry Index (BDI) however, dipped on softening smaller vessels rates and went …