Tag archives: CS

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% …

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Daily Capesize Review 15/1/21

Capesize freight rates softened by mid-January, despite having the strongest opening at the start of the year as opposed to historical norm of weak seasonality. The Capesize 5 time charter average then dropped for the third consecutive days by $990 day-on-day to $23,989 on Friday, despite some decent gains made in the prompt contracts. The …

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Daily Capesize Review 14/1/21

Capesize freight rates slid on market concerns over fire incident in Brazilian iron ore terminal, which drove rates back from the highs of trading day. The Capesize 5 time charter average then slipped by $1,510 day-on-day to $24,979 on Thursday, due to bearish sentiments that caused low fixing for C5. The Baltic Dry Index (BDI) …

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Daily Capesize review 13/1/21

Capesize freight rates inched higher, despite correction in the paper market and cooling off in the physical market. The Capesize 5 time charter average then rose slightly by $68 day-on-day to $26,489 on Wednesday, despite a selloff in the paper market. The Baltic Dry Index (BDI) managed to rise slightly by 0.38% or 7 points …

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