Tag archives: CS

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”

Capesize freight rates rebounded with gains in both basin on market optimism despite some attempts to cool down the rally. The Capesize 5 time charter average then grew up by $954 day-on-day to $34,762 on Friday, due to good shipping fundamentals. The Baltic Dry Index (BDI) then rose by 1.38 % or 38 points on-day …

Continue reading “Daily Capesize Review 23/4/21”

Capesize freight rates dipped after recent rally with corrections in the paper market, amid the sluggish physical market. The Capesize 5 time charter average then inched up by $518 day-on-day to $33,808 on Thursday, as trade participants took a breather from the FFA market. The Baltic Dry Index (BDI) then rose by 1.48 % or …

Continue reading “Daily Capesize Review 22/4/21”

Capesize freight rates rebounded into new highs with market optimism of another super cycle in the corner that boosted confidence. The Capesize 5 time charter average then surged up by $4,638 day-on-day to $33,290 on Wednesday, amid bullish market outlooks. The Baltic Dry Index (BDI) then rallied by 9.63 % or 238 points to 2,710 …

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

Capesize freight rates ended the bullish run with slight dip after softening physical and paper market. The Capesize 5 time charter average then dipped by $178 day-on-day to $28,652 on Tuesday, despite a late push in the paper market after market talks of Vale’s booking around 8-10 ships. The Baltic Dry Index (BDI) however continued …

Continue reading “Daily Capesize Review 20/4/21”