Tag archives: CS
Capesize rallies on high iron ore prices
Capesize rates rallied on bullish market sentiments after strong gains seen in both the Pacific and Atlantic basins. The Capesize 5 time charter average surged by $1,308 day-on-day to $26,672 on Tuesday, despite the lagging Q4 and Cal 21 contracts in the future market. Buoyed by the Capesize rally, the Baltic Dry Index (BDI) continued …
Capesize & Panamax FFA Daily Report
Capesize lead the way
Another strong day in the dry freight market with the Capesize index up 5.16% due to Chinese iron ore restocking and increased infrastructure spending. The index out outperformed the Baltic Dry Index which rose 3.79% after positive performances from the Panamax index at + 1.65% and Supramax Index + 0.77%. The continued upside moves …
Capesize goes on a bumpy ride
After a strong rally last week, Capesize rates started on a slow with some selling pressure amid the short trading week. Thus, Capesize 5 time charter average dropped slightly by $147 day-on-day to $25,364 on Monday, after some jitters in the morning session about the strength of C3 market. Due to the selling pressure in …
Capesize July 20 Morning Technical Comment – 240 Min
Capesize & Panamax FFA Daily Report
Capesize hits a new norm at $25,000 level
Capesize rates had a meteoric rise for the week, jumping from $13,000 base level to over $25,000 level by the end of week on good shipping demand. The Capesize 5 time charter average made a gain of $231 day-on-day to $25,511 on Friday, spotting one of the smallest gains of the week as compared to …
Continue reading “Capesize hits a new norm at $25,000 level”
Capesize & Panamax FFA Daily Report
Capesize breaks the $20,000 level
Capesize rates reached another new height again and broke the $20,000 level amid the freight rally. Thus, the Capesize 5 time charter average increased by $6,244 day-on-day to $25,280 on Thursday, another year-high rates, even after a selloff by trade participants for profit-taking. Supported by robust Capesize market, the Baltic Dry Index (BDI) achieved the …