Category archives: Freight

Capesize lead the way

Another strong day in the dry freight market with the Capesize index up 5.16% due to Chinese iron ore restocking and increased infrastructure spending. The index out outperformed the Baltic Dry Index which rose 3.79% after positive performances from the Panamax index at + 1.65% and Supramax Index + 0.77%.   The continued upside moves …

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Pre-holiday restocking lifts iron ore futures

Iron ore futures moved above $99 on restocking ahead of the Chinese holiday.   It was a busy day for iron ore traders as a flurry of trades were transacted as steel mills look to restock ahead of the Dragonboat festival holiday on Thursday and Friday.   Some trade sources are expecting more spot supply …

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Capesize goes on a bumpy ride

After a strong rally last week, Capesize rates started on a slow with some selling pressure amid the short trading week. Thus, Capesize 5 time charter average dropped slightly by $147 day-on-day to $25,364 on Monday, after some jitters in the morning session about the strength of C3 market. Due to the selling pressure in …

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Futures fall but iron ore supply chain ‘super-stretched’

Iron ore futures fell below $100 on Monday amid a seasonal slowdown in Chinese activities.   According to latest data from Steelhome, Chinese iron ore port stockpiles gained for the first time since April to 108.4 million tonnes (up +0.56% w/w), as Australia and Brazil ramped up its iron ore production. Cargoes shipped via Australia’s …

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