Daily Capesize Review 15/3/22

Capesize freight rates extended bullish run, due to support of tighter tonnage with healthy demand from the Pacific market. The Capesize 5 time charter average, then jumped by $312 day-on-day to $23,413 on Tuesday, despite some selloff in the market. The Baltic Dry Index (BDI) however decreased slightly by $38 day-on-day, or down 1.39% day-on-day, …