Tag archives: CS

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 …

Continue reading “Daily Capesize Review 27/7/21”

Capesize freight rates started sluggish at the start of the week but found supports from typhoon disruption that tightened ship supply. The Baltic Dry Index (BDI) then inched up slightly by 0.34% day-on-day, up 11 points to 3,210 readings, from the firmer freight rates.   Tight vessel supply from bad weathers Trade participants were concerned …

Continue reading “Daily Capesize Review 26/7/21”

Capesize freight rates rebounded on tight tonnage supply because of Typhoon In-Fa’s impact on central China’s coastal areas. The Baltic Dry Index (BDI) then increased by 3.09% day-on-day, up 96 points to 3,199 readings, due to the firmer freight rates.   Bullish Pacific amid tight vessel supply   The Pacific enjoyed healthy cargo list with …

Continue reading “Daily Capesize Review 23/7/21”

Capesize freight rates improved due to tightened tonnage over typhoon concerns in the Pacific basin. The Baltic Dry Index (BDI) then increased by 1.47% day-on-day, up 45 points to 3,103 readings, due to the better freight rates.   Limited tonnage over typhoon development off China Market participants expected Typhoon In-Fa to constrain vessel supply in …

Continue reading “Daily Capesize Review 22/7/21”