Tag archives: DF

Capesize rates recover on improving demand despite cyclone concerns

Capesize freight rates rose on better fixtures done on both basins, that lifted the recent bearish market sentiments. Thus, the Capesize 5 time charter average then hiked up by $656 day-on-day to $10,951 on Thursday, amid the recent volatility in the market. The Baltic Dry Index (BDI) also went up by 3.48% or 39 points …

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Capesize rates head south on scant shipping demand

Capesize freight rates headed south due to weakening physical market in both basins. The Capesize 5 time charter average then went down by $312 day-on-day to $10,295 on Wednesday. The Baltic Dry Index (BDI) however, went up slightly by 0.09% or 1 points to 1,122 readings, due to robustness in the Panamaxes’ physical and futures …

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Capesize rates weaken on slow shipping demand

Capesize freight rates continued to head south on weakening freight rates, as shipping demand dipped in both basins, amid the oversupplied market. The Capesize 5 time charter average went down by $1,159 day-on-day to $10,607 on Tuesday, due to the deteriorating C5 market. The Baltic Dry Index (BDI) also dropped by 3.53% or 35 points …

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