Category archives: Freight

Soy rises on China hopes but long term doubts remain

US domestic Soy prices have produced their highest close in nine weeks and their highest weekly percentage increase since March 27th.     The price increase is on the back of continued purchases of U.S. agricultural products by China. Committed to over 50 billion tonnes of purchases, China has come under fire for sourcing Soy …

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Capesize rates continue the good run on firmer iron ore demand

Capesize rates buoyed on good physical fixture with healthy shipping demand out of both basins. Thus, the Capesize 5 time charter average spiked sharply by $1,130 day-on-day to $7,307 on Friday, after a solid gain that lifted the curve to weeks highs. Following the Capesize rally, the Baltic Dry Index (BDI) also surged further to …

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Iron ore blips back but rally ‘looks stretched’

Iron ore futures in Singapore recovered from yesterday’s blip and is set to finish the week on a high.   The iron ore market has seen great volatility of late, pushing towards $100 on supply concerns following disruptions in Brazil as well as strong demand from China.   Global steel demand is expected to fall …

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Capesize rates hike as economics reopen

Capesize market kept up the upward momentum with better shipping demand in both basins with higher iron ore prices. Thus, the Capesize 5 time charter average rose by $910 day-on-day to $6,177 on Thursday, after a strong afternoon session that pushed paper market to a day high. Likewise, the Baltic Dry Index (BDI) also managed …

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