Daily Capesize Review 14/1/21

Capesize freight rates slid on market concerns over fire incident in Brazilian iron ore terminal, which drove rates back from the highs of trading day. The Capesize 5 time charter average then slipped by $1,510 day-on-day to $24,979 on Thursday, due to bearish sentiments that caused low fixing for C5. The Baltic Dry Index (BDI) …

Daily Capesize review 13/1/21

Capesize freight rates inched higher, despite correction in the paper market and cooling off in the physical market. The Capesize 5 time charter average then rose slightly by $68 day-on-day to $26,489 on Wednesday, despite a selloff in the paper market. The Baltic Dry Index (BDI) managed to rise slightly by 0.38% or 7 points …