Tag archives: CS

Capesize freight rates rebounded on market optimism, supported by strong FFA market amid the long holidays period. The Capesize 5 time charter average then rose up by $2,351 day-on-day to $42,959 on Tuesday, due to better market outlook. The Baltic Dry Index (BDI) also inched up by 3.41% or 104 points on-day to 3,157 readings, …

Continue reading “Daily Capesize Review 4/5/21”

Capesize freight rates started the week slow due to thin trading activities from holidays periods in China and Greece. The sluggish market movement might halt the positive momentum on freight rates by the end of April and only recovered with the returns of the trade participants from holidays. The Baltic Dry Index (BDI) however managed …

Continue reading “Daily Capesize Review 3/5/21”

Capesize freight rates rallied on bullish market outlook with record high iron ore prices and good steel demand from China. The Capesize 5 time charter average then surged up by $2,106 day-on-day to $37,453 on Tuesday, due to bullish market outlook. The Baltic Dry Index (BDI) then rose by 2.88% or 81 points on-day to …

Continue reading “Daily Capesize Review 27/4/21”

Capesize freight rates continued upward momentum amid bullish iron ore outlook and good Chinese pre-Labour Day restocking activities. The Capesize 5 time charter average then inched up by $585 day-on-day to $35,347 on Monday, due to better market outlook. The Baltic Dry Index (BDI) then rose slightly by 0.72% or 20 points on-day to 2,808 …

Continue reading “Daily Capesize Review 26/4/21”