Daily Capesize Review 19/4/21

Capesize freight rates continued to climb due to bullish market outlook that resulted in stronger FFA market. The Capesize 5 time charter average then rose by $310 day-on-day to $28,830 on Monday, following the rally last week. The Baltic Dry Index (BDI) also rose further by 1.97 % or 47 points to 2,432 readings, due …

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 % …