Daily Capesize Review 30/9/21

Capesize freight rates slumped to end its bullish run, as market concerns turned to mine closures and China’s public holidays. The Capesize 5 time charter average, then dropped by $610 day-on-day to $74,176 on Thursday, after some selloff in the market. The Baltic Dry Index (BDI) then dipped by $30, down 0.58% day-on-day, to $5,167, …

Daily Capesize Review 29/9/21

Capesize freight rates extended its rally to record-high levels, with supports from tight tonnage supply and better shipping demand. The Capesize 5 time charter average, then jumped by $5,773 day-on-day to $74,786 on Wednesday, despite some profit taking in the session. The Baltic Dry Index (BDI) then rose by $235, up 4.74% day-on-day, to $5,197, …

FIS Castaway Podcast – Episode 74 – Lunar Cape Rates 29/09/21

FIS Castaway Podcast – Episode 74 – Lunar Cape Rates   A short, sharp update this week as we discuss the jump in oil prices, the bounceback on iron ore, and of course the Capesize rates having gone to the Moon, on FIS Castaway.     Listen Below: Website – https://freightinvestorservices.com/blog/fis-castaway-eps-74/ Spotify – https://open.spotify.com/episode/6FbjHwA4rYivj302T3Twb3 iTunes – https://podcasts.apple.com/gb/podcast/episode-74-lunar-cape-rates/id1507094242?i=1000536997415

Daily Capesize Review 28/9/21

Capesize freight rates soared to greater heights on better shipping demand amid tight tonnage supply. The Capesize 5 time charter average, then jumped by $5,983 day-on-day to $69,013 on Tuesday, due to bullish market sentiments on higher C3 and C5 fixings. The Baltic Dry Index (BDI) then rose by $245, up 5.19% day-on-day, to $4,962, …