Tag archives: CS

Capesize picks up on better demand and thinner tonnage

Capesize freight rates improved on better shipping demand in both the Pacific and Atlantic basins. The Capesize 5 time charter average then went up by $288 day-on-day to $17,598 on Thursday, due to the tighter Atlantic market. The Baltic Dry Index (BDI) also rose higher by 1.61% or 23 points to 1,448 readings, due to …

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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 …

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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 …

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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 …

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