FIS API Blog
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 …
Continue reading “Capesize rates make solid gains on bullish market”
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 …
Continue reading “Capesize rates rally over congestion in the Pacific”
Capesize rates jumped on better physical market with both basins seemed significant gains despite an upcoming public holiday in Singapore. The Capesize 5 time charter average hiked up by $1,197 day-on-day to $17,721 on Wednesday, with Aug and Sep contracts traded on highs of $19,250 and $20,750 respectively. With improvement in Capesize, the Baltic Dry …
Continue reading “Capesize rates rebound on firm Pacific market”
It was a choppy day for the Capesize rates as some market participants were concerned over a new wave of Covid-19 that might delay vessel schedules. However, the paper market is expected to make a sharp rebound with front end futures nearly up by $2,000 on Wednesday, following by increase of $1,500 on Tuesday, especially …
Continue reading “Capesize rates brace for sharp rebound amid new Covid-19 wave”
