Daily Capesize Review 16/7/21

Capesize freight rates continued to inch downward, despite some improvement seen in the physical market. The Capesize 5 time charter average, then fell by $152 day-on-day to $28,542 on Friday, after much selling pressure during the session. The Baltic Dry Index (BDI) then dropped by 1.11% day-on-day, down 34 points to 3,039 readings, due to …

Daily Capesize Review 15/7/21

Capesize freight rates continued to spiral downward, despite a move up supported by the improving physical market. The Capesize 5 time charter average, then fell by $434 day-on-day to $28,694 on Thursday, after a choppy trading session. The Baltic Dry Index (BDI) then dropped by 2.10% day-on-day, down 66 points to 3,073 readings, due to …

Daily Capesize Review 14/7/21

Capesize freight rates continued to come under selling pressure, despite some improvement seen in the physical market. The Capesize 5 time charter average, then fell further by $1,144 day-on-day to $29,128 on Wednesday, after an erratic paper trading session. The Baltic Dry Index (BDI) also dropped by 2.76% day-on-day, down 89 points to 3,139 readings, …

Daily Capesize Review 13/7/21

Capesize freight rates slumped into losses after some panic selling in the paper market, as freight rates declined in the physical market. The Capesize 5 time charter average, then plunged down by $994 day-on-day to $30,272 on Tuesday, after selling pressure in the paper market. The Baltic Dry Index (BDI) also dropped by 2.18% day-on-day, …