Capesize freight rates maintained bullish momentum with strong showings in both basins, amid tightening tonnage supply. The Capesize 5 time charter average, then rose by $2,370 day-on-day to $49,731 on Friday, extending the bullish run. The Baltic Dry Index (BDI) also continued its record-breaking upward movement reaching high levels of $4,092, up 2.92% day-on-day, due …
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Daily Capesize Review 19/8/21
Capesize freight rates rose on bullish market momentum with a strong Atlantic basin pushing for further gains. The Capesize 5 time charter average, then rose by $2,866 day-on-day to $47,361 on Thursday, extending the bullish run. The Baltic Dry Index (BDI) also hiked up further at record-high levels of $3,976, up 3.73% day-on-day, from the …
Daily Capesize Review 18/8/21
Capesize freight rates extended its record-high bullish run, with market optimism on better demand and tight tonnage. The Capesize 5 time charter average, then rose by $3,446 day-on-day to $44,495 on Wednesday, due to better market sentiment. The Baltic Dry Index (BDI) also hiked up further at record-high levels of $3,833, up 4.81% day-on-day, due …
Daily Capesize Review 17/8/21
Capesize freight rates strengthened further, after a flurry of fixtures done at higher rates from better shipping demand. The Capesize 5 time charter average, then rose by $812 day-on-day to $41,049 on Tuesday, due to improving freight rates. The Baltic Dry Index (BDI) surged up further at record levels of almost 11 years high at …
Daily Capesize Review 16/8/21
Capesize freight rates continued to ride on upward momentum with better market optimism for shipping demand, amid tight tonnage. The Capesize 5 time charter average, then rose by $711 day-on-day to $40,237 on Monday, due improving freight rates. The Baltic Dry Index (BDI) also hiked up further at record levels to $3,606, up 1.12% day-on-day, …
Daily Capesize Review 13/8/21
Capesize freight rates continued to hike on better market activities with strong showing from the Atlantic basins. The Capesize 5 time charter average, then rose by $1,309 day-on-day to $39,526 on Friday, due improving freight rates. The Baltic Dry Index (BDI) also hiked up over decade level at 3,566, up 1.80% day-on-day, after a string …
Daily Capesize Review 12/8/21
Capesize freight rates rose on bullish market sentiments as key routes spotted better gains on active market. The Capesize 5 time charter average, then rose by $1,863 day-on-day to $38,217 on Thursday, due improving freight rates. The Baltic Dry Index (BDI) also hiked up 2.73% day-on-day, or 93 points to 3,503 readings, due to better …
Daily Capesize Review 11/8/21
Capesize freight rates rose on improved market sentiments with better physical shipping demand in the Atlantic market. The Capesize 5 time charter average, then rose by $459 day-on-day to $36,354 on Wednesday, due to firm showing seen in the Atlantic market. The Baltic Dry Index (BDI) also hiked up 1.04% day-on-day, or 35 points to …
Castaway Podcast Episode 67
FIS Castaway Podcast – Episode 67 Laudate Nostradamus! With our freight and apocalyptic iron ore calls from the last few weeks coming true, we look at what’s been going on in the ferrous, oil and freight markets this week. Listen Below: Website https://freightinvestorservices.com/blog/fis-castaway-eps-67/ Spotify https://open.spotify.com/episode/1bx7An2ak8PjbHmUhG1qHw?si=gshvw_3CQlqGzuG-ibTeqw&dl_branch=1 iTunes https://podcasts.apple.com/gb/podcast/episode-67/id1507094242?i=1000531695519
Daily Capesize Review 10/8/21
Capesize freight rates dipped on thin market activities with a short trading week, due to public holidays in Japan and Singapore. The Capesize 5 time charter average, then dropped by $114 day-on-day to $35,895 on Tuesday, despite some improvement in the physical market. The Baltic Dry Index (BDI) moved flatly and inched up slightly by …