Daily Capesize Review 25/1/22

Capesize freight rates extended losses over sluggish demand and vessel oversupply, though some demand improvement was seen in the Pacific market. The Capesize 5 time charter average, then fell by $755 day-on-day to $6,180 on Tuesday, due to the thin shipping activities. The Baltic Dry Index (BDI) also dipped by $48, down 3.45% day-on-day, to …