Daily Capesize Review 9/12/21

Capesize freight rates headed southward with losses in both basin as shipping demand cooled off during holiday season. The Capesize 5 time charter average, then decreased by $1,651 day-on-day to $41,379 on Thursday, as market activities slowed down toward year-end. The Baltic Dry Index (BDI) also dropped by $80, down 2.34% day-on-day, to $3,343, due …

Daily Capesize Review 8/12/21

Capesize freight rates hiked up, driven by better market optimism and strong Pacific shipping demand. The Capesize 5 time charter average, then increased by $2,354 day-on-day to $41,324 on Tuesday, due to bullish market sentiment in the paper market. The Baltic Dry Index (BDI) also rose by $117, up 3.62% day-on-day, to $3,352, due to …