Daily Capesize Review 23/6/21

Capesize freight rates rebounded in the volatile market, as shipping demand improved with better market confidence. The Capesize 5 time charter average, then went up slightly by $703 day-on-day to $32,079 on Wednesday, with small gains seen in both basins. The Baltic Dry Index (BDI) then spotted slight gain of 0.90% day-on-day, up 28 points …

Daily Capesize Review 22/6/21

Capesize freight rates extended losses after a string of selloff, amid weakening physical market. The Capesize 5 time charter average, then plunged down by $1,409 day-on-day to $31,376 on Tuesday, following another selloff in the paper market. The Baltic Dry Index (BDI) then dropped down by 2.23% day-on-day, down 71 points to 3,119 readings, due …

Daily Capesize Review 21/6/21

Capesize freight rates continued to soften at the start of the week, following the previous slump over bearish market sentiments. The Capesize 5 time charter average, then dropped down by $630 day-on-day to $32,785 on Monday, after a selloff in the paper market. The Baltic Dry Index (BDI) then slipped down by 0.87% on-day, down …

Daily Capesize Review 18/6/21

Capesize freight rates plunged to a sharp drop after a cooling off from the physical market after a handful of trades. The Capesize 5 time charter average, then slumped down by $1,515 day-on-day to $33,415 on Friday, after sharp drops seen in both basins. The Baltic Dry Index (BDI) then dropped by 1.50% on-day, down …