Tag archives: CS

Capesize rates move higher on firm Pacific market

Capesize freight rates rose higher after a flurry of fixtures were being done in the Pacific market, lifting market sentiment after previous correction. The Capesize 5 time charter average then inched up by $190 day-on-day to $12,186 on Wednesday, due to significant gains at the physical market. The Baltic Dry Index (BDI) followed the rally …

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Capesize rates dip despite healthy demand from Pacific

Capesize freight rates dipped slightly despite market optimism over flurry of fixtures being done in the Pacific market. Thus, the Capesize 5 time charter average inched down by $25 day-on-day to $11,996 on Tuesday, as market pullback for a slight correction. The Baltic Dry Index (BDI) however, moved flattish and booked a slight gain of …

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Capesize rates receive support from firm market

Capesize freight rates continued to gain upward momentum on improving physical market and market optimism. The Capesize 5 time charter average then inched up by $124 day-on-day to $12,021 on Monday, due to better freight rates in both basins. The Baltic Dry Index (BDI) followed the market positivity and went up by 1.83% or 21 …

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Capesize rates rebound on improving basins

Capesize freight rates rebounded from previous losses due to improvement in cargo lists for  both the Pacific and Atlantic basins. The Capesize 5 time charter average inched up slightly by $39 day-on-day to $11,897 on Friday, amid better freight rates in both basins. The Baltic Dry Index (BDI) then increased by 1.23% or 14 points …

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