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, …

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 …