Capesize freight rates moved in mixed directions as the decent shipping demand, higher bunker prices and firm iron ore prices failed to push rates up. Thus, the Capesize 5 time charter average went down slightly by $114 day-on-day to $15,764 on Friday, amid the mixed market outlook. The Baltic Dry Index (BDI) however was rather …
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Capesize rates gain on better market outlook
Capesize freight rates spotted a gain on better physical activities and expectation of another rally in Q4. The Capesize 5 time charter average went up by $211 day-on-day to $15,875 on Thursday, on good market volume and market optimism for Q4. The Baltic Dry Index (BDI) then rose by 1.01% or 13 points day-on-day to …
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Capesize rates dip for correction phrase
Capesize freight rates took a correction after recent rally as trade participants waited for clearer market directions. The Capesize 5 time charter average dropped by $278 day-on-day to $15,664 on Wednesday, due to a slip in the physical market. The Baltic Dry Index (BDI) then dipped slightly by 0.62% or 8 points day-on-day to 1,281 …
Freight Intraday Morning Technical
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Capesize rates rally on good physical demand
Capesize freight rates rallied further due to better shipping demand in the physical market. The Capesize 5 time charter average then rose $205 day-on-day to $15,942 on Tuesday, following the improvement in market sentiment. The Baltic Dry Index (BDI) thus rose slightly by 0.55% or 7 points day-on-day to 1,282 readings on the active shipping …
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Freight Intraday Morning Technical 15/9/20
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Capesize rates gain on better raw materials’ demand
Capesize freight rates continued its upward movement due to better physical market with healthy demand in the Pacific market. The Capesize 5 time charter average then rose $489 day-on-day to $15,737 on Monday, due to the pickup in the physical market. The Baltic Dry Index (BDI) also gained from the active physical market and hiked …
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Capesize rates bottom out on market optimism
Capesize freight rates rebounded from losses as trade sources believed that the market had bottomed out. Thus, the Capesize 5 time charter average spotted a small rise of $173 day-on-day to $15,248 on Friday, on better market optimism. The Baltic Dry Index (BDI) then stayed flattish and went down slightly by 0.16% or 2 points …
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Freight Intraday Morning Technical 14/9/20
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Freight Intraday Morning Technical 11/9/20
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