Tag archives: FO

Daily Capesize Review 24/1/22

Capesize freight rates continued to drop on thin liquidity, amid the vessel oversupply and low seasonal demand market. The Capesize 5 time charter average, then fell by $455 day-on-day to $6,935 on Monday, due to the limited shipping activities. The Baltic Dry Index (BDI) also dipped by $24, down 1.70% day-on-day, to $1,391, due to …

Continue reading “Daily Capesize Review 24/1/22”

Daily Capesize Review 21/1/22

Capesize freight rates fell on thin market activities, amid facing fierce competition from Panamax and Supramax cargo stems. The Capesize 5 time charter average, then dropped by $1,157 day-on-day to $7,390 on Friday, due to the scant shipping activities. The Baltic Dry Index (BDI) also dipped by $594, down 4.00% day-on-day, to $1,415, due to …

Continue reading “Daily Capesize Review 21/1/22”