Tag archives: CS

Capesize freight rates came under pressure from both basins amid lower iron ore prices and relatively high bunker prices. The Capesize 5 time charter average, then fell by $679 day-on-day to $14,209 on Tuesday, after a jittery session. The Baltic Dry Index (BDI) also fell by $16 day-on-day, or down 0.81% day-on-day, to $1,968, due …

Continue reading “Daily Capesize Review 15/2/22”

Capesize freight rates extended losses amid market uncertainty with moderate shipping demand and high bunker prices. The Capesize 5 time charter average, then fell by $509 day-on-day to $14,888 on Monday, due to the lack of fresh shipping demand. The Baltic Dry Index (BDI) however, rose by $7 day-on-day, up 0.35% day-on-day, to $1,984, due …

Continue reading “Daily Capesize Review 14/2/22”

Capesize freight rates reversed to losses over scant demand, without much improvement in market fundamentals. The Capesize 5 time charter average, then fell by $392 day-on-day to $15,397 on Friday, due to the lack of fresh shipping demand. The Baltic Dry Index (BDI) however, rose by $37 day-on-day, up 1.91% day-on-day, to $1,977, due to …

Continue reading “Daily Capesize Review 11/2/22”