FIS API Blog
Capesize freight rates continued its correction phrases on thin market activities, especially among ship-operators. Thus, the Capesize 5 time charter average went down by $406 day-on-day to $17,638 on Wednesday, following a selloff that reduced spot premium. The Baltic Dry Index (BDI) then fell by 1.77% or 26 points day-on-day to 1,445 readings from weaker …
Continue reading “Capesize rates lower on thin shipping activities”
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How are the markets pricing the US election? What’s in store for capesize freight? And why is iron ore still so high? Answer all these questions and more with a listen of this week’s Castaway – now with 50% fewer puns. Available now on: Website https://freightinvestorservices.com/blog/fis-castaway-eps-23-unprecedented-coverage-in-unprecedented-times/ Spotify https://open.spotify.com/episode/3SpQJknSkltYrKcOsipe4w And Itunes …
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Capesize freight rates entered correction phrase despite decent shipping demand and high iron ore prices in the market. Thus, the Capesize 5 time charter average saw a slight correction of $350 day-on-day to $18,044 on Tuesday, after an aggressive selloff down the forward curve. The Baltic Dry Index (BDI) then fell by 1.14% or 17 …
Continue reading “Capesize rates slip despite decent shipping demand”
Capesize freight rates started to strengthen for the week with market concerns over port congestion in China, typhoon threats in the Far East and high iron ore prices. However, the firmer rates may reverse at any instance after the typhoon left with little shipping disruption to the East Asia region. In view of this weakness, …
Continue reading “Capesize rates firm over potential shipping disruption”
Capesize freight rates remained flattish despite the clearing of tonnage in Atlantic and some shipping disruption due to typhoon in the East Asia. Thus, the Capesize 5 time charter average saw slight correction of $381 day-on-day to $18,394 on Friday. The Baltic Dry Index (BDI) also followed the dip and went down by 1.06% day-on-day …
Continue reading “Capesize rates flat despite tonnage clearing in the Atlantic”
Capesize freight rates took a slight dip despite a bullish physical market run with better rates for the Brazil routes. Thus, the Capesize 5 time charter average went for slight correction and fell by $121 day-on-day to $18,775 on Thursday. Then, the Baltic Dry Index (BDI) followed the dip and went down by 0.33% day-on-day …
Continue reading “Capesize rates fall despite higher rates for Brazil routes”
Capesize freight rates dipped slightly despite better shipping demand seen in both basins that kept up the bullish market momentum. Thus, the Capesize 5 time charter average faced some correction and fell by $117 day-on-day to $18,896 on Wednesday. Following the dip, the Baltic Dry Index (BDI) dropped by 0.59% day-on-day to 1,509 readings. …
Continue reading “Capesize rates corrects despite healthy shipping demand”
Capesize freight rates continued its upward climb on bullish market sentiments with firmer Pacific market. The Capesize 5 time charter average then rose by $708 day-on-day to $19,015 on Tuesday, with the September contracts reaching a high of $23,100, while the October contracts at high $23,150. Riding on the good freight rates, the Baltic Dry …
Continue reading “Capesize rates inch up on firm Pacific market”
Capesize freight rates rebounded on firmer note due to good momentum from the Pacific market. The Capesize 5 time charter average went up by $387 day-on-day to $18,305 on Monday, due to good run for September contracts that nearly touched $22,000. Despite the positivity surrounding Capesize, the Baltic Dry Index (BDI) rose slightly by 0.68 …
Continue reading “Capesize rates rebound on better iron ore and coal demand”
