Tag archives: CS

Capesize freight rates continued to rise despite mixed market movement between the paper and physical market. The paper market was pushing for greater height, while the physical market took a breather from flurry of fixtures done previously. The Baltic Dry Index (BDI) also rallied by 1.78% or 38 points to 2,178 readings, due to record-high …

Continue reading “Daily Capesize Review 14/4/21”

Capesize freight rates rose on strong physical fixtures in both basins, despite some weakening in the FFA market. The Capesize 5 time charter average then inched up slightly by $79 day-on-day to $26,055 on Tuesday, after some profit-takings in paper market. The Baltic Dry Index (BDI) however, dipped on softening smaller vessels rates and went …

Continue reading “Daily Capesize Review 13/4/21”

Capesize freight rates rose on bullish market outlook, with firm physical market supported by slight uptick in bunker prices. The Capesize 5 time charter average then rose by $2,065 day-on-day to $25,976 on Monday, as traders hurried to short cover at the start of the week. The Baltic Dry Index (BDI) also hiked up on …

Continue reading “Daily Capesize Review 12/4/21”

Capesize freight rates rallied on better shipping demand, especially with more cargoes coming from the Atlantic market. The Capesize 5 time charter average then rose by $1,037 day-on-day to $23,911 on Friday, due to market optimism for Forward Freight Agreement (FFA). The Baltic Dry Index (BDI), however, dipped slightly after recent rally and went down …

Continue reading “Daily Capesize Review 9/4/21”