Category archives: News

Castaway Podcast – Episode 22

Storm clouds are brewing in the US, but for now it’s all clear at the FIS offices where the team are joined by Richard Heath, Senior Manager of group Strategy at EEX, to discuss developments in the dry and container freight futures markets, together with our usual comment and analysis across FIS products   Available …

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Capesize rates inch up on firm Pacific market

Capesize freight rates continued its upward climb on bullish market sentiments with firmer Pacific market. The Capesize 5 time charter average then rose by $708 day-on-day to $19,015 on Tuesday, with the September contracts reaching a high of $23,100, while the October contracts at high $23,150. Riding on the good freight rates, the Baltic Dry …

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DCE closes higher on late rally

Iron ore futures closed higher after a late rally at the afternoon session, as more buyers entered the market with rumors of declining port inventory. Thus, the most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange rose by 0.73% or RMB 6 day-on-day to RMB 828.50 per tonne on Wednesday after opening …

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Oil Through the Looking Glass 26/8/20

*Hurricane Laura worries shut Port Houston traffic, slow bunker trading Bunker trading has slowed as a result of the imminent landfall of hurricane Laura. The US coast guard has been put on alert as the inclement weather is expected to batter the region, making its way north. Sources are saying that the market is waiting …

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Tanker News Update 26/8/20

*Houston we have a Problem   With Hurricane season well underway, the Gulf of Mexico is under threat from a double hit, with both Marco and Laura over the weekend, having the potential to turn into a fully-fledged hurricane. Fortunately for Texas and Louisiana Marco didn’t reach the required 75mph wind speed to class as …

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Ferts in Focus 26/8/20

*Urea markets cool ahead of MMTC tender This week saw intl urea markets drift lower as expectations of price levels in MMTC’s upcoming tender were scaled back due to Chinese export appetite. As a result, AG paper traded down to $260 for the October and November contracts and was offered into the mid $260s for …

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Morning Oil Report 26/8/20

Good morning all. Brent rose 12 cents, or 0.3%, to $45.98 a barrel by 3:35 am GMT, while WTI remained steady at $43.35 a barrel.   The back-to-back tropical storms Marco and Laura has seen upstream operators shut about 1.558 million b/d of oil, or 84.3% of offshore production, by August 25, according to latest …

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