Daily Capesize Review 8/4/21

Capesize freight rates continued to rise on market optimism, after much support from Brazil’s shipping demand. The Capesize 5 time charter average then rose by $406 day-on-day to $22,874 on Thursday, despite some correction in the Pacific freight rates. The Baltic Dry Index (BDI) then faced some corrections after recent rally and went down by …

Daily Capesize Review 7/4/21

Capesize freight rates rose on better shipping demand in both basins and firm market outlook for Q2. The Capesize 5 time charter average then increased by $1,506 day-on-day to $22,468 on Wednesday, with May and June contracts jumping over $25,000/day levels. The Baltic Dry Index (BDI) also went up by 1.67% or 35 points to …