Daily Capesize Review 21/1/22

Capesize freight rates fell on thin market activities, amid facing fierce competition from Panamax and Supramax cargo stems. The Capesize 5 time charter average, then dropped by $1,157 day-on-day to $7,390 on Friday, due to the scant shipping activities. The Baltic Dry Index (BDI) also dipped by $594, down 4.00% day-on-day, to $1,415, due to …