Daily Capesize Review 31/8/21

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 …

Capesize Technical Report 31/08/21 (RSI moves below 75, warning the 55 period MA could be tested)

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Daily Capesize Review 27/8/21

Capesize freight rates continued to rally, amid port congestions in China and tight tonnage supply, while shipping demand improved. The Capesize 5 time charter average, then rose by $986 day-on-day to $51,099 on Friday, due to the tight basins. The Baltic Dry Index (BDI) however, inched up slightly by $40, up 0.95% day-on-day, after some …

Daily Capesize Review 25/8/21

Capesize freight rates took a breather from recent bullish run, as trade participants went for profit-takings in the paper market. The Capesize 5 time charter average, then fell by $810 day-on-day to $50,662 on Thursday, following the market selloff, despite good market fundamentals. The Baltic Dry Index (BDI) followed the dip and dropped to $4,193, …

Daily Capesize Review 24/8/21

Capesize freight rates continued its upward momentum, though at slower rate amid tight shipping tonnage with heavy congestion at Chinese ports. The Capesize 5 time charter average, then rose by $764 day-on-day to $51,472 on Tuesday, despite some standoff between the charterers and owners. The Baltic Dry Index (BDI) then hiked up higher at $4,201, …