Daily Capesize Review 9/3/21

Capesize freight rates rallied on bullish shipping outlook, despite corrections in iron ore and bunker prices. The Capesize 5 time charter average then hiked up by $1,032 day-on-day to $16,170 on Tuesday, due to better market sentiments in both basins. The Baltic Dry Index (BDI) also rose by 2.59% or 48 points to 1,901 readings, …

Daily Capesize Review 8/3/21

Capesize freight rates continued to rise on better physical market and bullish market sentiment for both basins. The Capesize 5 time charter average then rose by $344 day-on-day to $15,138 on Monday, due to active start of shipping activities for the week. The Baltic Dry Index (BDI) followed the rally and moved higher with gains …

Daily Capesize Review 5/3/21

Capesize freight rates booked gains on better market sentiment, supported by higher bunker prices and better shipping demand. The Capesize 5 time charter average then rose by $920 day-on-day to $14,794 on Friday, due to better market sentiment from FFA. The Baltic Dry Index (BDI) also strengthened on the better freight rates with gains of …