Tag archives: CS

Capesize freight rates plunged as the physical market came under pressure and resulted a selloff in the paper market. The Capesize 5 time charter average then fell by $2,320 day-on-day to $25,614 on Friday, following the selloff. The Baltic Dry Index (BDI) also dropped down by 3.42% or 92 points on-day to 2,596 readings, due …

Continue reading “Daily Capesize Review 28/5/21”

Capesize freight rates continued to drop fast due to poor shipping fundamentals despite healthy demand in the Pacific market. The Capesize 5 time charter average then dropped by $1,686 day-on-day to $27,934 on Thursday, despite some market talks of blockade lifting in Bolivar that resulted in some late upticks in trading. The Baltic Dry Index …

Continue reading “Daily Capesize Review 27/0/5/21”

Capesize freight rates reversed into downtrend, due to thin market activities following the short working week paused by holidays in Asia and Europe. The Capesize 5 time charter average then dropped by $1,434 day-on-day to $29,620 on Wednesday, after a selloff in the market. The Baltic Dry Index (BDI) also dipped down by 1.96% or …

Continue reading “Daily Capesize Review 26/0/5/21”

Capesize freight rates spotted slight gains on the improving physical market, especially from better shipping demand in the Pacific market. The Capesize 5 time charter average then inched up by $232 day-on-day to $32,825 on Monday, as the paper market maintained its bullish run since last week. The Baltic Dry Index (BDI) also hiked up …

Continue reading “Daily Capesize Review 24/0/5/21”