Tag archives: CS

Capesize freight rates continued to decline further due to aggressive selloff in paper market and bearish sentiment in the physical market. The Capesize 5 time charter average fell by $1,568 day-on-day to $21,737 on Thursday, as buyers retreated from the market, while sellers chased it lower. As such, the Baltic Dry Index (BDI) then fell …

Continue reading “Capesize rates drop on weak shipping fundamentals”

Capesize freight rates headed down the curve, after another round of discounting in both basins, without much improvement in the physical market. The Capesize 5 time charter average fell by $2,192 day-on-day to $23,305 on Wednesday, due to bearish sentiment on the physical side. With freight rates dropping everywhere, the Baltic Dry Index (BDI) then …

Continue reading “Capesize rates slide on bearish physical market”

Capesize freight rates continued to be under pressure, following the thin activities in the physical market. The Capesize 5 time charter average dropped by $1,836 day-on-day to $25,497 on Tuesday, despite some market talks of another rally in Q4 as miners accelerated their ore exports by year-end. Due to the declining freight rates, the Baltic …

Continue reading “Capesize rates retreat on mixed market outlook”

Capesize freight rates continued to head south on selling pressure on the paper market and thin physical trading market. The Capesize 5 time charter average fell by $2,146 day-on-day to $27,333 on Monday, due to aggressive selloff, but gained some ground as Pilbara port authorities were turning away covid infected crews. The Baltic Dry Index …

Continue reading “Capesize rates falls on soft physical market”