Category archives: Freight

Daily Capesize Review 16/4/21

Capesize freight rates made small gains after cooling down from the recent rally over better shipping fundamentals. The Capesize 5 time charter average then gained slightly by $464 day-on-day to $28,520 on Friday, despite relative smaller volumes traded at the close of the week. The Baltic Dry Index (BDI) also rose further by 2.67 % …

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Daily Capesize Review 15/4/21

Capesize freight rates rallied further on market optimism over better shipping demand and fundamentals in both basins. The Capesize 5 time charter average then rose by $1,925 day-on-day to $28,056 on Thursday, due to booming paper market. The Baltic Dry Index (BDI) also rose further by 6.66% or 145 points to 2,323 readings, supported by …

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