Daily Capesize Review 16/2/21

Capesize freight rates rallied on stronger bunker prices and led by stronger Panamax segment that improved market sentiment. The Capesize 5 time charter average then rose sharpy by $1,857 day-on-day to $12,314 on Tuesday, due to bullish market sentiment on post-holiday demand. The Baltic Dry Index (BDI) also hiked up on better freight rates from …

Daily Capesize Review 15/2/21

Capesize freight rates rebounded from losses as some market participants expected the market to bottom out from recent slump in view of better post-holidays shipping demand. The Capesize 5 time charter average then rose by $153 day-on-day to $10,457 on Monday, amid thin market activities due to holidays season. The Baltic Dry Index (BDI) also …

Daily Capesize Review 10/2/21

Capesize freight rates continued to move downward on scant market activities due to the Lunar New Year holidays. The Capesize 5 time charter average then dropped by $610 day-on-day to $10,749 on Wednesday, amid thin market activities. The Baltic Dry Index (BDI) moved flattish and dipped slightly by 0.23% or 3 points to 1,303 readings, …