Tag archives: CS

Capesize rates weaken on slow shipping demand

Capesize freight rates continued to head south on weakening freight rates, as shipping demand dipped in both basins, amid the oversupplied market. The Capesize 5 time charter average went down by $1,159 day-on-day to $10,607 on Tuesday, due to the deteriorating C5 market. The Baltic Dry Index (BDI) also dropped by 3.53% or 35 points …

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Capesize rates slip into losses on mixed market

Capesize freight rates reversed into losses after recent gains, due to mixed market directions in both basins. The Capesize 5 time charter average went down by $840 day-on-day to $11,766 on Monday, due to softening freight rates. The Baltic Dry Index (BDI) then dropped by 2.92% or 35 points to 1,162 readings, due to the …

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Capesize rates rebound on better Pacific market

Capesize freight rates rebounded from losses, on firmer rates from the Pacific, though the Atlantic rates were still struggling on thin cargo list. The Capesize 5 time charter average then went up by $332 day-on-day to $12,606 on Friday, amid the mixed market. The Baltic Dry Index (BDI) also hiked up slightly by 0.67% or …

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Capesize rates slip on mixed market

Capesize freight rates dipped slightly, amid mixed market movement with firmer rates seen in the Pacific, while falling rates recorded in the Atlantic. The Capesize 5 time charter average then went down slightly by $48 day-on-day to $12,274 on Thursday, from the mixed market directions. The Baltic Dry Index (BDI) also dropped slightly by 1% …

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