Capesize freight rates continued its upward momentum, though at slower rate amid tight shipping tonnage with heavy congestion at Chinese ports. The Capesize 5 time charter average, then rose by $764 day-on-day to $51,472 on Tuesday, despite some standoff between the charterers and owners. The Baltic Dry Index (BDI) then hiked up higher at $4,201, …
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Daily Capesize Review 23/8/21
Capesize freight rates got off to a slow start at the week, as most participants were in collecting mood, but nevertheless the market fundamentals remained good with firm rates. The Capesize 5 time charter average, then rose by $977 day-on-day to $50,708 on Monday, as the index went above the psychological $50k mark. The Baltic …
Daily Capesize Review 20/8/21
Capesize freight rates maintained bullish momentum with strong showings in both basins, amid tightening tonnage supply. The Capesize 5 time charter average, then rose by $2,370 day-on-day to $49,731 on Friday, extending the bullish run. The Baltic Dry Index (BDI) also continued its record-breaking upward movement reaching high levels of $4,092, up 2.92% day-on-day, due …
Daily Capesize Review 19/8/21
Capesize freight rates rose on bullish market momentum with a strong Atlantic basin pushing for further gains. The Capesize 5 time charter average, then rose by $2,866 day-on-day to $47,361 on Thursday, extending the bullish run. The Baltic Dry Index (BDI) also hiked up further at record-high levels of $3,976, up 3.73% day-on-day, from the …
Daily Capesize Review 18/8/21
Capesize freight rates extended its record-high bullish run, with market optimism on better demand and tight tonnage. The Capesize 5 time charter average, then rose by $3,446 day-on-day to $44,495 on Wednesday, due to better market sentiment. The Baltic Dry Index (BDI) also hiked up further at record-high levels of $3,833, up 4.81% day-on-day, due …
Daily Capesize Review 17/8/21
Capesize freight rates strengthened further, after a flurry of fixtures done at higher rates from better shipping demand. The Capesize 5 time charter average, then rose by $812 day-on-day to $41,049 on Tuesday, due to improving freight rates. The Baltic Dry Index (BDI) surged up further at record levels of almost 11 years high at …
Daily Capesize Review 16/8/21
Capesize freight rates continued to ride on upward momentum with better market optimism for shipping demand, amid tight tonnage. The Capesize 5 time charter average, then rose by $711 day-on-day to $40,237 on Monday, due improving freight rates. The Baltic Dry Index (BDI) also hiked up further at record levels to $3,606, up 1.12% day-on-day, …
Daily Capesize Review 13/8/21
Capesize freight rates continued to hike on better market activities with strong showing from the Atlantic basins. The Capesize 5 time charter average, then rose by $1,309 day-on-day to $39,526 on Friday, due improving freight rates. The Baltic Dry Index (BDI) also hiked up over decade level at 3,566, up 1.80% day-on-day, after a string …
Daily Capesize Review 12/8/21
Capesize freight rates rose on bullish market sentiments as key routes spotted better gains on active market. The Capesize 5 time charter average, then rose by $1,863 day-on-day to $38,217 on Thursday, due improving freight rates. The Baltic Dry Index (BDI) also hiked up 2.73% day-on-day, or 93 points to 3,503 readings, due to better …
Daily Capesize Review 11/8/21
Capesize freight rates rose on improved market sentiments with better physical shipping demand in the Atlantic market. The Capesize 5 time charter average, then rose by $459 day-on-day to $36,354 on Wednesday, due to firm showing seen in the Atlantic market. The Baltic Dry Index (BDI) also hiked up 1.04% day-on-day, or 35 points to …