Capesize freight rates dropped slightly on thin physical activities, amid a short trading week due to Brazilian public holiday. The Capesize 5 time charter average then dipped by $150 day-on-day to $16,102 on Monday, reflecting a lacklustre cape paper start to the week. The Baltic Dry Index (BDI) then dropped slightly by 0.95% or 13 …
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Capesize rates slide on lower physical market
Capesize freight rates slipped on the lower physical market and as more buyers were trying to close short positions for profit-taking. The Capesize 5 time charter average then dropped by $496 day-on-day to $16,252 on Friday, as the physical market continued to lose values. The Baltic Dry Index (BDI) then dropped further by 2.37% or …
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Capesize rates fall on thin demand base
Capesize freight rates continued to tumble down in the oversupplied market, while both basins posted lower fixtures throughout the week. The Capesize 5 time charter average then dropped by $890 day-on-day to $16,748 on Thursday, due to long liquidation in the market. The Baltic Dry Index (BDI) then dropped further by 3.46% or 50 points …
Capesize rates lower on thin shipping activities
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 …
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Freight Intraday Morning Technical 3/9/20
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Castaway Podcast Episode 23 Available Now
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 rates slip despite decent shipping demand
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 …
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Capesize rates firm over potential shipping disruption
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, …
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Capesize rates flat despite tonnage clearing in the Atlantic
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 …
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Capesize rates fall despite higher rates for Brazil routes
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 …
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