Tag archives: CS

Capesize freight rates continued to gain on improving shipping demand in both basins especially among key routes. The Capesize 5 time charter average then inched up by $242 day-on-day to $31,634 on Thursday, after a volatile session. The Baltic Dry Index (BDI) also went up slightly by 0.82% or 23 points on-day to 2,824 readings, …

Continue reading “Daily Capesize Review 20/5/21”

Capesize freight rates improved on better market outlook, supported by better Pacific basin, though Atlantic basin was depressed by the long ballaster list. The Baltic Dry Index (BDI) then went up slightly by 0.21% or 6 points on-day to 2,801 readings, due to the improving freight rates.   Improving Pacific basin amid sluggish Atlantic market …

Continue reading “Daily Capesize Review 19/5/21”

Capesize freight rates dipped further despite a better showing from the physical market that led some trade participants to believe the freight rates were bottoming up. The Capesize 5 time charter average then fell by $1,273 day-on-day to $31,429 on Tuesday, despite some improvement in the physical market. The Baltic Dry Index (BDI) also went …

Continue reading “Daily Capesize Review 18/5/21”

Capesize freight rates continued the downward trend due to softening physical market that resulted selling pressure in the paper market. The Capesize 5 time charter average then fell by $1,840 day-on-day to $32,702 on Monday, following another selloff session. The Baltic Dry Index (BDI) also went down and decreased by 2.82% or 83 points on-day …

Continue reading “Daily Capesize Review 17/5/21”