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Daily Capesize Review 14/2/22

Capesize freight rates extended losses amid market uncertainty with moderate shipping demand and high bunker prices. The Capesize 5 time charter average, then fell by $509 day-on-day to $14,888 on Monday, due to the lack of fresh shipping demand. The Baltic Dry Index (BDI) however, rose by $7 day-on-day, up 0.35% day-on-day, to $1,984, due …

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