Category archives: Freight

Capesize rates dip on slow shipping demand

Capesize freight rates continued to dip, due to slow shipping demand in both basins. The Capesize 5 time charter average went down by $289 day-on-day to $12,332 on Tuesday, amid the muted market. The Baltic Dry Index (BDI) then dropped by 1.30% or 16 points to 1,211 readings, due to weaker freight rates rates.   A better Atlantic …

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Capesize rates dip on thin activity

Capesize freight rates reversed into drop on thin shipping activities, amid some improvement in the physical market. The Capesize 5 time charter average went down slightly by $91 day-on-day to $12,621 on Monday, after a slow start to the week. The Baltic Dry Index (BDI) then dropped by 0.24% or 3 points to 1,227 readings, due to weaker …

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European Close 30/11/20

Indecision is creeping into the DCE iron ore futures. A Doji star followed by a spinning top is warning that upside moves could fail to hold at these levels. The intraday futures produced a negative divergence on the close of the 31st, resulting in the evening session trading 13 RMB lower. Rebar futures remain corrective; …

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