FIS API Blog
Capesize rates stayed above the $30,000 level due to the recent miners’ fixing spree in moving iron ore cargoes for arrival in China. The Capesize 5 time charter average reflected the firm freight market and spotted a gain of $438 day-on-day to $31, 377 on Thursday. This left the Baltic Dry Index (BDI) to seek …
Continue reading “Capesize rates rise over miners’ fixing spree”
Capesize rates hovered above the $30,000 level, despite softening freight rates recorded in both Pacific and Atlantic markets. This weakness was reflected in the paper market, which the Capesize 5 time charter average saw a slight gain of $62 day-on-day to $30, 939 on Wednesday, from a weak afternoon session. The Baltic Dry Index (BDI) …
Continue reading “Capesize maintains over $30,000 level despite softening demand”
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 …
