Daily Capesize Review 24/0/5/21

Capesize freight rates spotted slight gains on the improving physical market, especially from better shipping demand in the Pacific market. The Capesize 5 time charter average then inched up by $232 day-on-day to $32,825 on Monday, as the paper market maintained its bullish run since last week. The Baltic Dry Index (BDI) also hiked up …

Daily Capesize Review 21/0/5/21

Capesize freight rates inched up amid bullish sentiment in the paper market, though the physical market remained sluggish. The Capesize 5 time charter average then rose by $959 day-on-day to $32,593 on Friday, as the paper market extended its bullish run. The Baltic Dry Index (BDI) also went up slightly by 1.59% or 45 points …

Daily Capesize Review 20/5/21

Capesize freight rates continued to gain on improving shipping demand in both basins especially among key routes. The Capesize 5 time charter average then inched up by $242 day-on-day to $31,634 on Thursday, after a volatile session. The Baltic Dry Index (BDI) also went up slightly by 0.82% or 23 points on-day to 2,824 readings, …

Panamax Q3 21 21 Morning Technical Comment – 240 Min 20/05/21

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Daily Capesize Review 19/5/21

Capesize freight rates improved on better market outlook, supported by better Pacific basin, though Atlantic basin was depressed by the long ballaster list. The Baltic Dry Index (BDI) then went up slightly by 0.21% or 6 points on-day to 2,801 readings, due to the improving freight rates.   Improving Pacific basin amid sluggish Atlantic market …