Tag archives: CS

Capesize rates correct again on low shipping activities

Capesize freight rates dipped for slight correction as the physical market continued to soften on scant shipping activities. The Capesize 5 time charter average fell by RMB 525 day-on-day to $12,854 on Thursday, as freight rates came under pressure on bearish market sentiment. The Baltic Dry Index (BDI) then dropped by 1.49% or 17 points …

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Capesize rates slip into red from selloff

Capesize freight rates plunged after a selloff as market sentiment turned bearish with few fixtures done at lower rates. Thus, the Capesize 5 time charter average fell by RMB 1,402 day-on-day to $13,379 on Wednesday, as the 5TC index lost around 10% at one point before much stabilization later. The Baltic Dry Index (BDI) then …

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Capesize rates take a breather from recent gains

Capesize freight rates suffered a dip as the bullish momentum flatten out with fewer fixtures being done at higher rates. The Capesize 5 time charter average dipped by RMB 67 day-on-day to $14,781 on Tuesday, as the market lost steam with concerns on the muted Atlantic basin. The Baltic Dry Index (BDI) then moved down …

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Capesize rates rise on global market optimism

Capesize freight rates continued to rise due to market optimism over Covid-19 vaccines that improve shipping and oil demand. The Capesize 5 time charter average hiked up by RMB 427 day-on-day to $14,848 on Monday, as market sentiment improved. The Baltic Dry Index (BDI) also moved up by 0.92% or 11 points to 1,207 readings, …

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