Daily Capesize Review 22/1/21

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 …

Daily Capesize Review 21/1/21

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 …

Daily Capesize Review 20/1/21

Capesize freight rates continued to rise on firmer physical Atlantic basin, despite thin shipping activities in the market. The Capesize 5 time charter average then went up by $1,409 day-on-day to $25,557 on Wednesday, after a choppy trading session. The Baltic Dry Index (BDI) also moved higher on improving freight rates and hiked up by …

Daily Capesize Review 19/1/21

Capesize freight rates rose on firmer physical Atlantic basin, while the Pacific basin remained soft due to market uncertainty at the aftermath of cyclone. The Capesize 5 time charter average then rebounded from losses to gain by $607 day-on-day to $24,148 on Tuesday, after a choppy trading session. The Baltic Dry Index (BDI) followed the …

Daily Capesize Review 18/1/21

Capesize freight rates continued to slide further in choppy trading session with market concerns on cyclone development off Australia. The Capesize 5 time charter average then dropped for the fourth consecutive days by $448 day-on-day to $23,541 on Monday, following a selloff in Asian market. The Baltic Dry Index (BDI) also slid slightly by 0.80% …