Daily Capesize Review 25/2/21

Capesize freight rates fell on market volatility, despite some upward momentum seen in the C5 in the paper market. The Capesize 5 time charter average then dipped slightly by $112 day-on-day to $12,203 on Thursday, amid a choppy session for the FFAs market. Thus, the Baltic Dry Index (BDI) also dropped slightly by 0.53% or …

Daily Capesize Review 24/2/21

Capesize freight rates softened on thin shipping activities with much market uncertainty in both basins. The Capesize 5 time charter average then dropped further by $901 day-on-day to $12,316 on Wednesday, as the paper market traded at tight range for March contract. Thus, the Baltic Dry Index (BDI) reversed into losses despite the strength of …

Daily Capesize Review 23/2/21

Capesize freight rates continued to move downward, as shipping activities thinned after recent rally. The Capesize 5 time charter average then dropped by $657 day-on-day to $13,216 on Tuesday, as the March contract came under pressure and traded lower. The Baltic Dry Index (BDI) however, rose higher on the strength of Panamax market, spotting a …

Daily Capesize Review 22/2/21

Capesize freight rates moved downward on slow trading after last week rally, amid market optimism on better post-holidays demand. The Capesize 5 time charter average then dropped by $351 day-on-day to $13,873 on Monday, after a sluggish start to the week. The Baltic Dry Index (BDI) went up slightly with a gain of 0.65% or …