Tag archives: CS

Capesize freight rates extended losses from weak physical fundamentals that resulted a selloff in the paper market. The Capesize 5 time charter average then plunged further by $2,657 day-on-day to $20,709 on Tuesday, following the weak physical market. The Baltic Dry Index (BDI) then headed south on weakening freight rates and fell by 6.01 % …

Continue reading “Daily Capesize Review 26/1/21”

Capesize freight rates continued it downward spiral with softening physical demand in both basins that were affected by unfavorable weather conditions. The Capesize 5 time charter average then slid further by $1,265 day-on-day to $23,366 on Monday, due to slow start to the trading week. The Baltic Dry Index (BDI) also headed southward on weakening …

Continue reading “Daily Capesize Review 25/1/21”

Capesize freight rates headed south again in another round of volatile trading in the market with concerns over cyclone development and lower shipping demand. The Capesize 5 time charter average then fell further by $884 day-on-day to $24,631 on Friday, with lower paper volume traded in a volatile market. The Baltic Dry Index (BDI) moved …

Continue reading “Daily Capesize Review 22/1/21”

Capesize freight rates dipped over market concerns of cyclone threat and mixed outlooks for the freight market. The Capesize 5 time charter average then dipped by $42 day-on-day to $25,515 on Thursday, after a flat trading session with much market focus on the February contract. The Baltic Dry Index (BDI) also moved higher on improving …

Continue reading “Daily Capesize Review 21/1/21”