Category archives: Freight

Capesize rates move slowly amid thin market activities

Capesize rates continued to move at downtrend manner amid the short trading week with muted physical activities. The Capesize 5 time charter average then dropped by $493 day-on-day to $19,204 on Tuesday, despite some showing some strength at late afternoon session. The Baltic Dry Index (BDI) still reflected some strength in the dry bulk market …

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Slow start to Capesize in view of holidays

Capesize rates slipped on the short week, with public holidays in Singapore and Greece that affected shipping activities. The Capesize 5 time charter average thus dipped by $215 day-on-day to $19,697 on Monday, in view of lacklustre physical market. Despite the weakness of Capesize, the Baltic Dry Index (BDI) gained slightly by 0.33% day-on-day to …

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Capesize rate inches up on mixed outlook

Capesize rate gained on mixed market outlook amid robust iron ore demand and oversupplied vessels market. The Capesize 5 time charter average gained slightly by $51 day-on-day to $20,434 on Thursday, after a rebound in market from better Pacific market. Thus, the Baltic Dry Index (BDI) also went up higher by 1.69% day-on-day to 1,500 …

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