Tag archives: CS

Capesize rates drop on low cargo list

Capesize freight rates dipped on mixed market sentiments, due to lower cargoes list in the physical market. The Capesize 5 time charter average then went down slightly by $98 day-on-day to $17,310 on Wednesday, from a subdued trading market. The Baltic Dry Index (BDI), however rose slightly by 0.49 % or 7 points to 1,425 …

Continue reading “Capesize rates drop on low cargo list”

Capesize rates rise on supply tightness in the Pacific

Capesize freight rates continued to hike upward on better physical market especially on the improving Pacific basin. The Capesize 5 time charter average then went up by $752 day-on-day to $17,408 on Tuesday, with bullish movements seen in the Jan and Feb contract. The Baltic Dry Index (BDI) also rose by 3.20 % or 44 …

Continue reading “Capesize rates rise on supply tightness in the Pacific”

Capesize rates rise on new year market optimism

Capesize freight rates rose on bullish market sentiment, as market participants expected more shipping demand for the new year. The Capesize 5 time charter average then went up slightly by $23 day-on-day to $16,656 on Monday, after the Jan contract traded high up to the $14,800 level. The Baltic Dry Index (BDI) also moved upward …

Continue reading “Capesize rates rise on new year market optimism”

Capesize rates steady amid mixed outlook for 2021

Capesize freight rates steadied toward year-end, amid thin market activities due to seasonal holidays. The paper market however was well-bid and inched higher, as some market participants were optimistic on the high iron ore prices and steel demand for the new year. There were some concerns over the bad weather off China’s coastal areas, which …

Continue reading “Capesize rates steady amid mixed outlook for 2021”