Monthly archives: March 2022

Daily Capesize Review 2/3/22

Capesize freight rates extended bullish run due to better weathers in both Australia and Brazil that facilitated in moving of iron ore cargoes. The Capesize 5 time charter average, then rose by $1,239 day-on-day to $15,258 on Wednesday, with support from the crude prices on voyage bids. The Baltic Dry Index (BDI) also increased by …

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ENGINE: Europe & Africa Bunker Fuel Market Update 02/03/22

HSFO380 availability slightly tight in ARA hub Suppliers in Gibraltar Strait ports brace for upcoming bad weather Las Palmas bunker supply limited to inner anchorage   ARA bunker availability is normal for VLSFO and LSMGO, while HSFO380 is slightly tight. A number of suppliers get HSFO380 supplies from Russia which has led to some tightness, …

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Carbon Emissions Collapse: Who Blinks First?

  Carbon Emissions Collapse: Who Blinks First?   EUAs suffered their biggest ever one-day fall in absolute terms with the EUA DEC 22 trading at €58.00/tn today, down about 30% in just two days, alongside TTF (Dutch gas futures) which hit a 2022 (and a 2021) high of 182EUR/MWh.   Companies rushed for the exit …

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