Daily Capesize Review 12/05/22

Capesize freight rates booked gains despite a late selloff session, as trade participants engaged in profit-taking activities. The Capesize 5 time charter average, then rose by $1,734 day-on-day to $32,885 on Thursday, after a choppy session. The Baltic Dry Index (BDI) then rose by $65 day-on-day, or up 2.13% day-on-day to $3,117, due to better …