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 …

Daily Capesize Review 2/12/21

Capesize freight rates rebounded from slump, due to improvement in Pacific shipping demand despite a slow start to the month. The Capesize 5 time charter average, then inched up by $581 day-on-day to $37,604 on Thursday, despite weak sentiment in the paper market. The Baltic Dry Index (BDI) also rose by $68, up 2.23% day-on-day, …