Category archives: Freight

Capesize freight rates continued to slide despite a flurry of fixtures done by Brazilian miner over a short span of days. The Capesize 5 time charter average went down by $898 day-on-day to $18,570 on Thursday, despite bullish sentiment over the Brazil to China route. The Baltic Dry Index (BDI) then dropped by 3.19 % …

Continue reading “Capesize rates slide on selling pressure amid Vale’s fixing spree”

It was another softening day for the Capesize paper market despite robust steel demand in China that led iron ore prices to rise to a six-year high. The Capesize 5 time charter average went down by $225 day-on-day to $19,468 on Wednesday, despite another round of fixing spree by Brazil’s Vale for the Brazil to …

Continue reading “Capesize rates weaken despite record-high iron ore prices”

Capesize rates slipped on low volumes despite a flurry of physical fixture done over the key Brazil to China route. Thus, the Capesize 5 time charter average went down by $207 day-on-day to $19,693 on Tuesday, after the paper market failed to move into positive territory from increase of miner’s fixtures. Then, the Baltic Dry …

Continue reading “Capesize dips despite fixtures uptick”

It was another short trading week for the Capesize market in view of the South Korean public holidays. Thus, the Capesize 5 time charter average slipped down slightly by $16 day-on-day to $19,900 on Monday, as the paper traded at very narrow range with thin volumes. Despite the flattish Capesize market, the Baltic Dry Index …

Continue reading “Another short trading week for Capesize”