Tag archives: CS

Capesize rate inches up on mixed outlook

Capesize rate gained on mixed market outlook amid robust iron ore demand and oversupplied vessels market. The Capesize 5 time charter average gained slightly by $51 day-on-day to $20,434 on Thursday, after a rebound in market from better Pacific market. Thus, the Baltic Dry Index (BDI) also went up higher by 1.69% day-on-day to 1,500 …

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Capesize loses steam after recent rally

The Capesize market suffered a slip up after recent rally with less shipping enquires in both the Pacific and Atlantic market. The Capesize 5 time charter average then dropped by $304 day-on-day to $20,383 on Wednesday, due to some selling pressure before seeing a mini revival later at afternoon session for better rates. Thus, the …

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Capesize rates make solid gains on bullish market

It was another bullish day for the Capesize market, with the physical market making solid gains to push up the freight rates. The Capesize 5 time charter average then rose by $1,636 day-on-day to $20,687 on Tuesday, with talk of C5 heading to $9.00 and the C3 rumoured to surge toward the $18.90. Following the …

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Capesize rates rally over congestion in the Pacific

Capesize rates started the week on bullish note as bad weather, crew replacement and stricter quarantine measures affected the tonnage supply. The Capesize 5 time charter average hiked up by $755 day-on-day to $19,051 on Monday, as market participants expected freight rates recovery over short term. Due to the improvement in Capesize, the Baltic Dry …

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