Category archives: News

Daily Capesize Review 21/7/21

Capesize freight rates continued to improve with better physical market, though there were market concern over the development of Typhoon In-fa and its impacts on shipping activities. The Capesize 5 time charter average, then inched up by $64 day-on-day to $29,135 on Tuesday, with some improvement in the physical market. The Baltic Dry Index (BDI) …

Continue reading “Daily Capesize Review 21/7/21”

Castaway Podcast – Episode 64 22/07/21

    FIS Castaway Podcast – Episode 64 – Ferts Special     We hop into the world of Ferts with our Aussie broker Andrew Manna walking us through this growing market, alongside our usual discussion on Freight, Iron ore and Oil.   Listen Below:   Website https://freightinvestorservices.com/blog/fis-castaway-eps-64/   Spotify https://open.spotify.com/episode/0SVBJEFxmjagzIv011IZ8x?si=dvE08oTzQKCHA0qaGOIhqA&dl_branch=1   iTunes https://podcasts.apple.com/gb/podcast/episode-64-ferts-special/id1507094242?i=1000529571701       …

Continue reading “Castaway Podcast – Episode 64 22/07/21”

FIS Fuel Oil Morning Report 22/07/21

At 10:44 am Singapore time (0244 GMT), the ICE September Brent futures contract was down 28 cents/b (0.39%) from the previous close at $71.95/b, while the NYMEX September light sweet crude contract was down 23 cents/b (0.33%) at $70.07/b.   EIA week ending 7/16 Crude oil: +2.1M Gasoline: -0.1M Distillates: -1.3M Refiner utilz: 91.4% Impld …

Continue reading “FIS Fuel Oil Morning Report 22/07/21”

FIS Morning Report Tanker FFA – 22-07-21

News Headlines: OIL DAYBOOK EUROPE: China Offers Crude Reserves; Brent Overhaul (Bloomberg) China supplied oil from its strategic state- run inventories to the country’s largest refiners earlier this month in a bid to quell a price rally. The Strategic Petroleum Reserve supplied about 3 million tons, or 22 million barrels, to the processors, according to …

Continue reading “FIS Morning Report Tanker FFA – 22-07-21”

Iron Ore DCE Sep Daily Technical Review 22/7/21

Verdict – Short-term neutral. DCE iron ore September corrected significantly with increasing trading volume. Hourly MACD created dead cross. Hourly slow stochastic KDE created dead cross below overbought area, indicated a market reversal. CCI created a double top area. Technical signals were indicating the correction potentially continues. The first support is 1114.5, the first resistance …

Continue reading “Iron Ore DCE Sep Daily Technical Review 22/7/21”

Daily Virtual Steel Mill Report 22/7/21

Market Verdict on Iron Ore： ·         Iron ore short-run neutral. Macro ·         A senior official of the IMF said the global output gap of about $15 trillion caused by the Covid-19 crisis, needed “tough reforms” in product, labor and financial markets. ·         US Deputy Secretary of state Sherman will visit China from July 25 to …

Continue reading “Daily Virtual Steel Mill Report 22/7/21”

ENGINE: Americas Bunker Fuel Market Update 21/7/21

Americas bunker prices have made fresh gains on the back of a 3% Brent jump.   Changes on the day to 09.30 CST (14.30 GMT) today: VLSFO prices up in Los Angeles ($27/mt), Zona Comun ($24/mt), New York ($21/mt), Balboa ($20/mt) and Houston ($17/mt) LSMGO prices up in Zona Comun ($31/mt), Los Angeles ($29/mt), Balboa …

Continue reading “ENGINE: Americas Bunker Fuel Market Update 21/7/21”