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A long wait for freight
It is the usual time of the year again, when the market took a break for the Lunar New Year celebrations. The quietness was then rocked by the unfolding events from Vale’s dam collapse.
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Capesize rate retreats on weak fundamentals
Freight rate opened the week on weaker market fundamentals with concern over the China’s economic slowdown and the softening Panamax market.
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Dry bulk FFA market: Capesize goes south on bleak winter demand
The Baltic Dry Index (BDI) appeared to be a tight rope walker this week on the verge of falling off from the 1,000 marks.
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Dry bulk FFA market: Capesizes find support in higher bunker prices
Capesize freight rates rose higher this week, thanks to firmer bunker prices. However, as the week goes by, trade uncertainty started to creep into the market due to weaker freight derivative market.
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Pre-Golden Week holiday euphoria for Capesizes
Market sentiment for Capesize market was on the rise this week despite the widening gap between the physical and paper market.
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Dry bulk FFA market: Capesizes unaffected by typhoon but weighed down by supply glut
It was a quiet week for the freight market which neither the Singapore F1 race nor typhoon Mangkhut hitting Hong Kong and South China failed to make any impact.
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Dry bulk FFA market: More showers ahead for Capesize
The Capesize market saw a correction this week and prompted the Baltic Dry Index (BDI) to fall below 1,500 points. By Wednesday, 5 Sep 2018, the BDI had dropped by 36 points to 1,477 points down 80 points from Monday’s reading at 1,557. Fundamentally, the Capesize market remained affected by oversupply of vessels as good…
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Dry bulk FFA market: Freight market unfazes by rising trade tension
The Baltic Dry Index (BDI) started the week on firmer foot despite the trade tensions between US, China and Turkey that waned investors’ confidence.
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Dry bulk FFA market: Baltic Dry Index rises to 7-months high
The Baltic Dry Index (BDI) has seen strong movements throughout the week and rose to a 7-months high at 1,774 reading on Tuesday. Previously, the index reached that level back in mid-December 2017 at 1,743 and the surging BDI owed its bull run to the improvement of big ships’ freight rates such as the Capesizes…
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Dry bulk FFA market: Big ships ride high
After the final whistle was blown on the World Cup tournament, the Capesize market seemed to morph into an on-form goal scorer with sights set to cross the $25,000-mark in the Capesize 5 time charter average rates.
