Daily Capesize Review 29/9/21

Capesize freight rates extended its rally to record-high levels, with supports from tight tonnage supply and better shipping demand. The Capesize 5 time charter average, then jumped by $5,773 day-on-day to $74,786 on Wednesday, despite some profit taking in the session. The Baltic Dry Index (BDI) then rose by $235, up 4.74% day-on-day, to $5,197, …

FIS Castaway Podcast – Episode 74 – Lunar Cape Rates 29/09/21

FIS Castaway Podcast – Episode 74 – Lunar Cape Rates   A short, sharp update this week as we discuss the jump in oil prices, the bounceback on iron ore, and of course the Capesize rates having gone to the Moon, on FIS Castaway.     Listen Below: Website – https://freightinvestorservices.com/blog/fis-castaway-eps-74/ Spotify – https://open.spotify.com/episode/6FbjHwA4rYivj302T3Twb3 iTunes – https://podcasts.apple.com/gb/podcast/episode-74-lunar-cape-rates/id1507094242?i=1000536997415

Daily Capesize Review 28/9/21

Capesize freight rates soared to greater heights on better shipping demand amid tight tonnage supply. The Capesize 5 time charter average, then jumped by $5,983 day-on-day to $69,013 on Tuesday, due to bullish market sentiments on higher C3 and C5 fixings. The Baltic Dry Index (BDI) then rose by $245, up 5.19% day-on-day, to $4,962, …

Daily Capesize Review 27/9/21

Capesize freight rates rebounded on better restocking demands amid tight tonnage supply and port congestion among Chinese ports. The Capesize 5 time charter average, then went up by $1,724 day-on-day to $63,030 on Monday, challenging for new heights amid bullish sentiment. The Baltic Dry Index (BDI) then rose by $73, up 1.57% day-on-day, to $4,717, …