Daily Capesize Review 9/7/21

Capesize freight rates recovered from recent slump and drove up on better Atlantic basins, while market slowed down in the Pacific basin. The Capesize 5 time charter average, then increased by $712 day-on-day to $30,972 on Friday, after some improvement in the trading session. The Baltic Dry Index (BDI) also rose slightly by 0.58% day-on-day, …

FIS Castaway Podcast – Episode 62 – Base Metals Special 07/07/21

    FIS Castaway Podcast – Episode 62 – Base Metals Special   This week is all about that base. Nick McClements talks about the base metal market after we explore the freight, iron ore and freight markets.     Listen Below:   Website https://freightinvestorservices.com/blog/fis-castaway-eps-62/   Spotify https://open.spotify.com/episode/4P2aKjAvILf6mZgg5mVnCB?si=DnG88hz7TUieXD00SIp1eA&dl_branch=1   iTunes https://podcasts.apple.com/gb/podcast/episode-62-base-metals-special/id1507094242?i=1000528109462       Disclaimer: This podcast …

Daily Capesize Review 6/7/21

Capesize freight rates dipped lower in the oversupplied market, despite some comeback during the trading session. The Capesize 5 time charter average, then dropped down by $464 day-on-day to $27,309 on Tuesday, due to selling pressure during the session. The Baltic Dry Index (BDI) also slipped by 1.40% day-on-day, down 45 points to 3,179 readings, …

Daily Capesize Review 5/7/21

Capesize freight rates continued to lose ground on thin trading activities amid sluggish shipping demand. The Capesize 5 time charter average, then plunged down by $1,333 day-on-day to $27,773 on Monday, after selloff session. The Baltic Dry Index (BDI) also dropped by 1.86% day-on-day, down 61 points to 3,224 readings, due to the weakening freight …