Daily Capesize Review 25/05/22

Capesize freight rates fell across both the Pacific and Atlantic basin, despite some healthy fixtures done along the week. The Capesize 5 time charter average, then dropped by $2,495 day-on-day to $33,069 on Wednesday, following the selloff in the trading session. The Baltic Dry Index (BDI) then dipped by $126 day-on-day, or down 3.87% day-on-day …

Daily Capesize Review 19/5/22

Capesize freight rates rose further on better shipping demand with higher rates seen in the Atlantic market, due to thin ballaster list. The Capesize 5 time charter average, then rose by $1,837 day-on-day to $36,368 on Thursday, despite some slight correction in the trading session. The Baltic Dry Index (BDI) then rose by $100 day-on-day, …

Daily Capesize Review 18/5/22

Capesize freight rates rose further on tight vessel supply and a flurry of trades done for the June contracts. The Capesize 5 time charter average, then rose by $1,777 day-on-day to $34,531 on Wednesday, after a bullish trading session. The Baltic Dry Index (BDI) then rose by $94 day-on-day, or up 3.04% day-on-day to $3,189, …