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 …

Ship Shape: When It Rains It Pours

  FIS: Ship Shape When It Rains It Pours   You might be mistaken for thinking that I am referring to the typically British weather that we have had recently, whereby what could have been a gloriously sunny summer has been interrupted by biblical rains and high winds.   Alas not, as awkwardly British as …

Daily Capesize Review 5/8/21

Capesize freight rates extended its upward momentum to recover from previous slump, despite market concerns over shipping delays at Chinese ports. The Capesize 5 time charter average, then rose by $933 day-on-day to $36,608 on Thursday, due to improving market sentiments. The Baltic Dry Index (BDI) also went up by 1.75% day-on-day, or 58 points …

Daily Capesize Review 4/8/21

Capesize freight rates continued to recover from improving shipping demand, which lifted market sentiment. The Capesize 5 time charter average, then rose by $459 day-on-day to $35,675 on Wednesday, due to better market confidence. The Baltic Dry Index (BDI) also went up by 1.13% day-on-day, or 37 points to 3,318 readings, due to better freight …