Baltic Exchange Insights
A quiet end to the week could not disguise the improved sentiment in the capesize market, with several brokers suggesting that this may simply represent a precursor to another move upwards.
The capesize market had the stuffing knocked out of it this week as the 5TC dropped from $25,085 down to $17,285.
The capesize market showed some resistance this week to recent losses as all routes saw a small uptick in value to end the week. With no particular improvement in fundamentals - and a relatively...
This week witnessed the dreaded correction in the Capesize market, with the timecharter average shedding almost 18 per cent to close the week at $27,644. But in recent context, this cannot be...
The Capesize market continues to go from strength to strength, as rates reach highs not seen since September last year.
As the halfway mark of 2020 arrives, the capesize market is making new highs for the year.
The Capesize market trajectory this week has been one of the steepest rallies the sector has experienced.
The Capesize market made new highs for the year this week after strong iron ore demand to the far east continued to develop in the market.
The small flicker of hope at the beginning of this week has kindled a small fire under the Capesize market. At a paltry $3,369 from the beginning of the week, the Capesize 5TC has lifted to $7,307...
A sober end to the week, with the market seemingly ready for the weekend.
After a week of bounce momentum the market appears to have stalled out once again.