Daily Capesize Review 2/8/21

Capesize freight rates had a quiet start to the new month, though market sentiments remained positive at the aftermath of typhoon conditions. The Capesize 5 time charter average, then dipped by $284 day-on-day to $35,429 on Monday, with a typical quiet start for the week. The Baltic Dry Index (BDI) also went down by 0.30% …

Daily Capesize Review 29/7/21

Capesize freight rates rebounded due to more market activities with fresh shipping demand on key trading routes. The Capesize 5 time charter average, then rose by $1,783 day-on-day to $33,639 on Thursday, supported by better physical market. The Baltic Dry Index (BDI) also went up by 1.90% day-on-day, or 60 points to 3,214 readings, due …

Daily Capesize Review 28/7/21

Capesize freight rates moved flatly with some improvement in the physical market, which led some trade participants to believe that the market had found the bottom. The Capesize 5 time charter average, then dipped slightly by $24 day-on-day to $31,856 on Wednesday, despite increase of shipping activities in the physical market. The Baltic Dry Index …

Daily Capesize Review 27/7/21

Capesize freight rates dipped lower amid market uncertainty over bad weathers and stringent shipping crew changes from rising Covid cases. The Capesize 5 time charter average, then fell by $875 day-on-day to $31,880 on Tuesday, due to easing of tonnage supply tightness. The Baltic Dry Index (BDI) then went down by 1.37% day-on-day, or 44 …