Daily Capesize Review 20/1/21

Capesize freight rates continued to rise on firmer physical Atlantic basin, despite thin shipping activities in the market. The Capesize 5 time charter average then went up by $1,409 day-on-day to $25,557 on Wednesday, after a choppy trading session. The Baltic Dry Index (BDI) also moved higher on improving freight rates and hiked up by …

FIS CASTAWAY – EPISODE 38 20/1/21

Castaway is back with our market updates for Freight, Fuel, Iron ore, Fertilizers and tankers, with a special mention for FIS’s first cobalt trade, tune in now! Listen Below: Website https://freightinvestorservices.com/blog/fis-castaway-eps-38-unprecedented-coverage-in-unprecedented-times/ Spotify https://open.spotify.com/episode/3vI8MRVZhjvRIta6btOKFl?si=a3N6-iVcS4qFKJk8dHFxMQ   And Itunes  https://podcasts.apple.com/gb/podcast/fis-castaway/id1507094242#episodeGuid=bcd759c8-c8a1-f59f-16fc-5f7b0df79f5c Disclaimer: This podcast is a marketing communication and is not based upon detailed analysis by Freight Investor (FIS) of …

Daily Capesize Review 19/1/21

Capesize freight rates rose on firmer physical Atlantic basin, while the Pacific basin remained soft due to market uncertainty at the aftermath of cyclone. The Capesize 5 time charter average then rebounded from losses to gain by $607 day-on-day to $24,148 on Tuesday, after a choppy trading session. The Baltic Dry Index (BDI) followed the …

Daily Capesize Review 18/1/21

Capesize freight rates continued to slide further in choppy trading session with market concerns on cyclone development off Australia. The Capesize 5 time charter average then dropped for the fourth consecutive days by $448 day-on-day to $23,541 on Monday, following a selloff in Asian market. The Baltic Dry Index (BDI) also slid slightly by 0.80% …

Daily Capesize Review 15/1/21

Capesize freight rates softened by mid-January, despite having the strongest opening at the start of the year as opposed to historical norm of weak seasonality. The Capesize 5 time charter average then dropped for the third consecutive days by $990 day-on-day to $23,989 on Friday, despite some decent gains made in the prompt contracts. The …