Tag archives: DF

Capesize freight rates moved on a downward trend due to an oversupplied market amid thin shipping demand. The Capesize 5 time charter average then slumped by $410 day-on-day to $15,482 on Wednesday, due to thin physical fixtures. Likewise, the Baltic Dry Index (BDI) also dropped further by 2.41% or 32 points day-on-day to 1,296 readings. …

Continue reading “Capesize rates under pressure from supply glut”

Capesize freight rates continued to slump on thin physical market that dragged down the paper market further. The Capesize 5 time charter average dropped by $210 day-on-day to $15,892 on Tuesday, due to lack of fixtures being reported. The Baltic Dry Index (BDI) then slumped further by 1.56% or 21 points day-on-day to 1,328 readings …

Continue reading “Capesize rates drag down by thin physical market”

Capesize freight rates dropped slightly on thin physical activities, amid a short trading week due to Brazilian public holiday. The Capesize 5 time charter average then dipped by $150 day-on-day to $16,102 on Monday, reflecting a lacklustre cape paper start to the week. The Baltic Dry Index (BDI) then dropped slightly by 0.95% or 13 …

Continue reading “Capesize rates dip on short trading week”

Capesize freight rates slipped on the lower physical market and as more buyers were trying to close short positions for profit-taking. The Capesize 5 time charter average then dropped by $496 day-on-day to $16,252 on Friday, as the physical market continued to lose values. The Baltic Dry Index (BDI) then dropped further by 2.37% or …

Continue reading “Capesize rates slide on lower physical market”

Capesize freight rates continued to tumble down in the oversupplied market, while both basins posted lower fixtures throughout the week. The Capesize 5 time charter average then dropped by $890 day-on-day to $16,748 on Thursday, due to long liquidation in the market. The Baltic Dry Index (BDI) then dropped further by 3.46% or 50 points …

Continue reading “Capesize rates fall on thin demand base”