Daily Capesize Review 10/6/21

Capesize freight rates continued to rally on bullish market sentiment of improving demand in the physical market, especially in the Pacific basin. The Capesize 5 time charter average, then went up by $3,407 day-on-day to $24,039 on Thursday, due to firmer rates in both basins. The Baltic Dry Index (BDI) also recorded gains of 7.58% …

Daily Capesize Review 9/6/21

Capesize freight rates rebounded with a much-improved Pacific market, though the Atlantic basins remained sluggish with oversupply of tonnage. The Capesize 5 time charter average, then inched up by $787 day-on-day to $20,632 on Wednesday, amid better market outlook. The Baltic Dry Index (BDI) posted gains of 2.52% or 61 points on-day to 2,481 readings, …

FIS Castaway Podcast – Episode 58 09/06/21

    FIS Castaway Podcast – Episode 58 – Iron Ore Special   This week’s podcast we are joined by Peter Hannah – Index Manager at Fastmarkets – to talk about the future of Iron Ore and the ferrous complex.     Listen Below:   Website https://freightinvestorservices.com/blog/fis-castaway-eps-58/   Spotify https://open.spotify.com/episode/1BADBYlYfqQKltmMLjELzj?si=pcof8oAWTgmoKv3AYZUtBA&dl_branch=1   iTunes https://podcasts.apple.com/gb/podcast/episode-58-iron-ore-special/id1507094242?i=1000524766955         …

Daily Capesize Review 8/6/21

Capesize freight rates followed the dip on bearish shipping fundamentals, though there was some improvement in the Pacific market. The Capesize 5 time charter average, then dropped slightly by $613 day-on-day to $19,845 on Tuesday, despite some rebound in the index. The Baltic Dry Index (BDI) also fell slightly by 0.33% or 8 points on-day …

Daily Capesize Review 7/6/21

Capesize freight rates continued to soften from the sluggish physical market due to poor shipping fundamentals. The Capesize 5 time charter average, then dropped by $475 day-on-day to $20,458 on Monday, after a lacklustre trading session. The Baltic Dry Index (BDI) also fell further by 0.41% or 10 points on-day to 2,428 readings, due to …