Tag archives: CS

Capesize rallies further on tighter tonnage

Capesize rates rallied further without any signs of slowdown as the rates chased for new height for the year. Thus, the Capesize 5 time charter average surged by $1,078 day-on-day to $33,760 on Monday, with the curve trending up to highs for July, August, Sept and Q3 contracts. Following the Capesize rally, the Baltic Dry …

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FIS Weekly Ferrous Report – profit takers loom as iron ore holds at high level

Ferrous Sector Money Flow: DCE iron ore saw significant money flow in the market and rebounded after a few weeks of consolidation. However during the Asian morning Tuesday iron ore stuck in an RMB 5-7 range again. DCE iron ore index created a gold cross on Monday near-oversold area. The high of the September contract …

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Capesize’s bull run continues, driven by tight tonnage and weather delays

Capesize market continued its bullish run with rates hovering above the $30,000 level in view of the tight tonnage supply in both basins. Thus, the Capesize 5 time charter average rose by $1,305 day-on-day to $32,682 on Friday, while the Baltic Dry Index (BDI) reached new high at 1,894 points, up 3.89% day-on-day. Crewing issue …

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Capesize rates rise over miners’ fixing spree

Capesize rates stayed above the $30,000 level due to the recent miners’ fixing spree in moving iron ore cargoes for arrival in China. The Capesize 5 time charter average reflected the firm freight market and spotted a gain of $438 day-on-day to $31, 377 on Thursday. This left the Baltic Dry Index (BDI) to seek …

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Capesize maintains over $30,000 level despite softening demand

Capesize rates hovered above the $30,000 level, despite softening freight rates recorded in both Pacific and Atlantic markets. This weakness was reflected in the paper market, which the Capesize 5 time charter average saw a slight gain of $62 day-on-day to $30, 939 on Wednesday, from a weak afternoon session. The Baltic Dry Index (BDI) …

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