Tag archives: CS

Capesize freight rates continued to decline further over concerns over cargo demand and slow shipping activities. The Capesize 5 time charter average, then dropped by $2,182 day-on-day to $44,465 on Monday, after a choppy market. The Baltic Dry Index (BDI) then fell by $122, down 3.09% day-on-day, to $3,822, due to softening freight rates.   …

Continue reading “Daily Capesize Review 6/9/21”

Capesize freight rates declined on slower market activities especially in the Pacific market, despite a firm Atlantic market. The Capesize 5 time charter average, then dropped by $760 day-on-day to $46,647 on Friday, amid a volatile paper market. The Baltic Dry Index (BDI) then fell by $57, down 1.42% day-on-day, to $3,944, as market sentiments …

Continue reading “Daily Capesize Review 3/9/21”

Capesize freight rates rebounded from previous slump, as tonnage list was shortened with better shipping demand. The Capesize 5 time charter average, then rose by $420 day-on-day to $47,407 on Thursday, as market sentiments improved. The Baltic Dry Index (BDI) however, dropped by $12, down 0.30% day-on-day, to $4,001, due to softening freight rates.   …

Continue reading “Daily Capesize Review 2/9/21”

Capesize freight rates continued its downward trajectory, with both basins came under selling pressures as tonnages began to return. The Capesize 5 time charter average, then fell further by $2,102 day-on-day to $46,987 on Wednesday, after much selling pressures. The Baltic Dry Index (BDI) followed the decline and dropped by $119, down 2.88% day-on-day, to …

Continue reading “Daily Capesize Review 1/9/21”

Capesize freight rates fell sharply after the recent rally, as the market consolidated, while profit takings continued in the paper market. The Capesize 5 time charter average, then plunged down by $2,010 day-on-day to $49,089 on Tuesday, after much selling pressures. The Baltic Dry Index (BDI) followed the decline and slid down by $103, down …

Continue reading “Daily Capesize Review 31/8/21”