Daily Capesize Review 25/1/21

Capesize freight rates continued it downward spiral with softening physical demand in both basins that were affected by unfavorable weather conditions. The Capesize 5 time charter average then slid further by $1,265 day-on-day to $23,366 on Monday, due to slow start to the trading week. The Baltic Dry Index (BDI) also headed southward on weakening …