Daily Capesize Review 27/4/22

Capesize freight rates rose on better shipping activities, as trade participants tried to fix vessels before the upcoming holidays in early May. The Capesize 5 time charter average, then rose by $469 day-on-day to $18,460 on Wednesday, as the Pacific market showed further signs of improvement. The Baltic Dry Index (BDI) also hiked by $21 …

A Room with a Technical View 25/04/22

Capesize May Futures – The index has started to move higher resulting in the futures trading up to USD 26,625, the intraday technical remains bullish whilst the daily has a neutral bias. Upside moves that fail at or below USD 28,137 remain vulnerable to further tests to the downside, above this level we target the …