Category archives: News

FIS CASTAWAY – EPISODE 29

It’s all Chinese to us! As most markets take a breather, Chris, Tom and Kerry talk about the future potential of China to sustain markets, as well as an update on our main commodity markets.     Website https://freightinvestorservices.com/blog/fis-castaway-eps-29-unprecedented-coverage-in-unprecedented-times/   Spotify  https://open.spotify.com/episode/5zqzn4QdhKX9j2q21ZaUE6?si=rcDDV2MdRf-CQBhmUVL15Q   And Itunes https://podcasts.apple.com/gb/podcast/fis-castaway/id1507094242#episodeGuid=78b8b1a4-0ce3-6e32-da73-5b90c0bca5ba       Disclaimer: This podcast is a marketing communication …

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Oil Through the Looking Glass 22.10.2020

*Oil Prices Slip as U.S. Inventory Build Stokes Fears of Supply Glut* API reports from yesterday reported of crude builds in the week leading up to 16th October, with the figure around 584,000 barrels taking stocks to around 490.6 million. This news prompted the oil to slip on Tuesday with investors nervy on the pace …

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DCE moves flattish amid mixed outlook

Iron ore futures opened high before losing the upward momentum toward closing and resulted in flattish movement. The most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange inched up by 0.44% day-on-day to RMB 793.50 per mt on Thursday. The steel rebar contract on the Shanghai Futures Exchange was almost flat and …

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Capesize rates rebound on improving sentiment

Capesize freight rates flattened out and rebounded from previous slump with much improvement in the paper and physical markets. The Capesize 5 time charter average rebounded slightly by $30 day-on-day to $17,151 on Wednesday, due to plenty of buying interests that pushed up rates. The Baltic Dry Index (BDI) then was almost flattish and dipped …

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