Category archives: Freight

Capesize – Seven Years of Famine

Arguably the largest % gain ever during a 32-day period for the Capesize index having moved 1,449% higher (USD 28,865), the index is now within USD 7,000 of the 2019 high. Above this level will be unchartered territory for the 5TC Capesize index which replaced the old index back in 2014. We have seen moves …

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Capesize hovers above $30,000 level and BDI reaches year-high

Capesize rates stabilized at the $30,000 level, but the market remained at backwardation as some trade participants do not believe on the long-term strength of capes. Thus, the Capesize 5 time charter average saw a small gain of $79 day-on-day to $30, 857 on Tuesday. The Baltic Dry Index (BDI) also spotted small gain of …

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Oil market waits for data for pre-holiday direction

All eyes for signs of potential demand recovery are on data announcements due on Tuesday from the American Petroleum Institute, from the US government’s Energy Information Administration on Wednesday, and from the key 4 July holiday, when increased travel is expected.   A Reuters poll showed analysts expect U.S. crude oil stockpiles fell from record …

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