Daily Capesize Review 23/3/22

Capesize freight rates extended losses on lacklustre shipping activities with market concerns over poor weather and worsening covid situation in China. The Capesize 5 time charter average, then dropped by $629 day-on-day to $17,412 on Wednesday, after another session of market selloff. The Baltic Dry Index (BDI) however, improved by $29 day-on-day, or up 1.14% …