Tag archives: CS

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 …

Continue reading “Capesize rates slip into losses 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% …

Continue reading “Capesize rates slip on mixed market”

Capesize freight rates continued to decline, after Vale reduced its annual guidance for 2021, stroking market concerns over lesser iron ore shipment. Thus, the Capesize 5 time charter average went down slightly by $10 day-on-day to $12,322 on Wednesday, due to bearish market sentiment. The Baltic Dry Index (BDI) then also dropped slightly by 0.83% or 10 points …

Continue reading “Capesize rates fall on lesser Brazilian shipment”

Capesize freight rates continued to dip, due to slow shipping demand in both basins. The Capesize 5 time charter average went down by $289 day-on-day to $12,332 on Tuesday, amid the muted market. The Baltic Dry Index (BDI) then dropped by 1.30% or 16 points to 1,211 readings, due to weaker freight rates rates.   A better Atlantic …

Continue reading “Capesize rates dip on slow shipping demand”