Daily Capesize Review 19/1/22

Capesize freight rates dipped further on limited market activities, while vessels supply had been gaining grounds after easing of port congestions. The Capesize 5 time charter average, then dropped by $744 day-on-day to $10,169 on Wednesday, due to the lack of shipping activities. The Baltic Dry Index (BDI) also dipped by $74, down 4.50% day-on-day, …