Category archives: Fuel Oil

Daily Capesize Review 26/5/22

Capesize freight rates continued to drop sharply, as shipping activities slowed down in Europe due to public holidays. The Capesize 5 time charter average, then fell by $4,229 day-on-day to $28,840 on Thursday, following the aggressive sell off in the session. The Baltic Dry Index (BDI) then dipped by $194 day-on-day, or down 6.20 % …

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Daily Capesize Review 25/05/22

Capesize freight rates fell across both the Pacific and Atlantic basin, despite some healthy fixtures done along the week. The Capesize 5 time charter average, then dropped by $2,495 day-on-day to $33,069 on Wednesday, following the selloff in the trading session. The Baltic Dry Index (BDI) then dipped by $126 day-on-day, or down 3.87% day-on-day …

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