Capesize rates drop on weak shipping fundamentals

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 …

Capesize rates slide on bearish physical market

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 …

Capesize rates retreat on mixed market outlook

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 …

Capesize Technical Report 13/10/20

Please click below to view the report             For more information please contact         FIS       info@freightinvestor.com London +44 (0) 207 090 1120 Singapore +65 6535 5189 Dubai + 971 4 449 3900 Shanghai: +86 21 6335 4002 US (CT): +1 203 325 8004 US …

Capesize rates falls on soft physical market

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 …

Capesize & Panamax FFA Daily Report

Please click below to view the report           For more information please contact         FIS       info@freightinvestor.com London +44 (0) 207 090 1120 Singapore +65 6535 5189 Dubai + 971 4 449 3900 Shanghai: +86 21 6335 4002 US (CT): +1 203 325 8004 US (KS): …

Ship Shape: FIS Commodity Weekly 12/10/20

Tanker, Tailor, Soldier, Fly   People may be forgiven for thinking that the last seven days was a slow news week, as the biggest headline grabber was the two-minute appearance of a fly on the head of US Vice President Mike Pence. This has launched a flurry of activity with Jim Carrey playing the fly …