FIS API Blog
Capesize freight rates bounced from the recent slump and pushed up significantly on good shipping demand. As such, the Capesize 5 time charter average jumped by $1,140 day-on-day to $17,229 on Tuesday, with the September and October contracts making big gains. The Baltic Dry Index (BDI) chased the rally and saw gain of 3.81% or …
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Capesize freight rates rebound on better shipping demand in the Pacific which improved overall market sentiment. Thus, the Capesize 5 time charter average rose by $328 day-on-day to $16,289 on Monday, with improved bids that boosted the paper market. The Baltic Dry Index (BDI) reflected the market optimism and posted gain of 1.39% or 18 …
Continue reading “Capesize rates book gains on better Pacific market”
It started overnight with the equities and the iron ore coming under pressure. Fears about banking, the global economy, and the horror that we call the Pandemic. However, this sell off feels like it might have more behind it. Since March, equities, iron ore, steel and base have shrugged of the global economic slowdown. The …
Capesize freight rates moved in mixed directions as the decent shipping demand, higher bunker prices and firm iron ore prices failed to push rates up. Thus, the Capesize 5 time charter average went down slightly by $114 day-on-day to $15,764 on Friday, amid the mixed market outlook. The Baltic Dry Index (BDI) however was rather …
Capesize freight rates spotted a gain on better physical activities and expectation of another rally in Q4. The Capesize 5 time charter average went up by $211 day-on-day to $15,875 on Thursday, on good market volume and market optimism for Q4. The Baltic Dry Index (BDI) then rose by 1.01% or 13 points day-on-day to …
Continue reading “Capesize rates gain on better market outlook”
Capesize freight rates took a correction after recent rally as trade participants waited for clearer market directions. The Capesize 5 time charter average dropped by $278 day-on-day to $15,664 on Wednesday, due to a slip in the physical market. The Baltic Dry Index (BDI) then dipped slightly by 0.62% or 8 points day-on-day to 1,281 …
Please click below to view the report For more information please contact FIS info@freightinvestor.com London +44 (0) 207 090 1120 Singapore +65 6535 5189 Dubai + 971 4 449 3900 Shanghai: +86 21 6335 4002 US (CT): +1 203 325 8004 US (KS): +1 813 …
Capesize freight rates rallied further due to better shipping demand in the physical market. The Capesize 5 time charter average then rose $205 day-on-day to $15,942 on Tuesday, following the improvement in market sentiment. The Baltic Dry Index (BDI) thus rose slightly by 0.55% or 7 points day-on-day to 1,282 readings on the active shipping …
Continue reading “Capesize rates rally on good physical demand”
Please click below to view the report For more information please contact FIS info@freightinvestor.com London +44 (0) 207 090 1120 Singapore +65 6535 5189 Dubai + 971 4 449 3900 Shanghai: +86 21 6335 4002 US (CT): +1 203 325 8004 US (KS): +1 813 …
Continue reading “Freight Intraday Morning Technical 15/9/20”
Capesize freight rates continued its upward movement due to better physical market with healthy demand in the Pacific market. The Capesize 5 time charter average then rose $489 day-on-day to $15,737 on Monday, due to the pickup in the physical market. The Baltic Dry Index (BDI) also gained from the active physical market and hiked …
Continue reading “Capesize rates gain on better raw materials’ demand”
