Daily Capesize Review 28/4/22

Capesize freight rates dipped on the slow physical market, while the market remained at steep contango with some expectation that it would turn positive again. The Capesize 5 time charter average, then dropped by $639 day-on-day to $17,821 on Thursday, despite some improvement in the Pacific market. The Baltic Dry Index (BDI) then fell by …