Category archives: Freight

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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Iron ore futures fall as players take profits

Iron ore futures slumped on Thursday following some profit-taking activities as market participants turned cautious.   The iron ore market has seen great volatility, pushing towards $100 on supply concerns following disruptions in Brazil as well as strong demand from China.   The Dalian Exchange issued a notice earlier this week, urging member brokerages to …

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