Tag archives: DF

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”

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”

Capesize freight rates rebounded from losses as trade sources believed that the market had bottomed out. Thus, the Capesize 5 time charter average spotted a small rise of $173 day-on-day to $15,248 on Friday, on better market optimism. The Baltic Dry Index (BDI) then stayed flattish and went down slightly by 0.16% or 2 points …

Continue reading “Capesize rates bottom out on market optimism”

Capesize freight rates moved on a downward trend due to an oversupplied market amid thin shipping demand. The Capesize 5 time charter average then slumped by $410 day-on-day to $15,482 on Wednesday, due to thin physical fixtures. Likewise, the Baltic Dry Index (BDI) also dropped further by 2.41% or 32 points day-on-day to 1,296 readings. …

Continue reading “Capesize rates under pressure from supply glut”