Tag archives: CS

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 …

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Capesize rates soften on holidays season

Capesize freight rates softened on thin trading activities, as the shipping market slowed down on holidays season. There were also some market concerns on whether the bad weather off coastal China will result in port closures as it did in the past. As the Chinese meteorological authority issued orange alert on Monday, or the second …

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Capesize rates hike amid slow trading

Capesize freight rates managed to rise toward year-end, even though shipping demand slowed ahead of the holidays season. The Capesize 5 time charter average then hiked up by $224 day-on-day to $16,633 on Dec 24, despite slow trading day with only several trades being transacted in tight range. The Baltic Dry Index (BDI) was almost …

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Capesize rates rise on good shipping outlook

Capesize freight rates rose by year-end, due to better physical freight rates supported by firm iron ore prices. The Capesize 5 time charter average then hiked up by $940 day-on-day to $16,409 on Wednesday, amid good traded volume and strong index. The Baltic Dry Index (BDI) followed the upward market movement and rose slightly by …

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Capesize rates benefit from better Pacific market

Capesize freight rates inched up despite muted shipping activities, except for key shipping routes of the west Australia and Brazil to China. The Capesize 5 time charter average then hiked up by $384 day-on-day to $15,469 on Tuesday, after a quiet start to the week with small trading volume in between. The Baltic Dry Index …

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Capesize rates move slowly prior to holiday season

Capesize freight rates managed to book slight gain, despite the shipping market slowed down due to the upcoming holiday season. The Capesize 5 time charter average inched up slightly by $142 day-on-day to $15,085 on Monday, due to thinner market volumes and rangebound activity. The Baltic Dry Index (BDI), however dropped slightly by 0.15% or …

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