Category archives: News

Daily Capesize Review 22/6/21

Capesize freight rates extended losses after a string of selloff, amid weakening physical market. The Capesize 5 time charter average, then plunged down by $1,409 day-on-day to $31,376 on Tuesday, following another selloff in the paper market. The Baltic Dry Index (BDI) then dropped down by 2.23% day-on-day, down 71 points to 3,119 readings, due …

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FIS Fuel Oil Morning Report 23/06/2021

At 10:35 am Singapore time (0235 GMT), the ICE August Brent futures contract was up 38 cents/b (0.51%) from the previous settle at $75.19/b, while the NYMEX August light sweet crude contract was 29 cents/b (0.4%) higher at $73.14/b.   Oil came under slight pressure yesterday with the Brent benchmark settling slightly lower than the …

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FIS Morning Report Tanker FFA 23-06-21

News Headlines: A quarter of older tankers carry sanctions risk (Tradewinds) standard know-your-customer vetting processes shows 25% of tankers 15 years and older are “high risk” for sanctions for involvement in carrying Venezuelan or Iranian crude. Buyers are earning discounts as high as 40% to carry cargoes blacklisted by the US, significantly supporting rates   …

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