Category archives: News

Supramax & Handysize FFA Daily Report

Please click below to view the report             For more information please contact         FIS       info@freightinvestor.com London +44 (0) 207 090 1120 Singapore +65 6535 5189 Dubai + 971 4 449 3900 Shanghai: +86 21 6335 4002 US (CT): +1 203 325 8004 US …

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Oil Through the Looking Glass 15/10/20

*Despite Bullish API Predictions Crude Falls* Even though the API predicted that there was going to be a draw of 5.42M bbls, European open was a bearish start, with prices dropping below the $43 for Brent. Overnight, prices had moved up after the release of the data to almost $43.50, but this did not hold. …

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DCE drops on oversupplied market

Iron ore futures dipped on slower steel demand and high inventory among end-users. The most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange dipped down by 2.17% day-on-day to RMB 787.50 per tonne on Thursday. The steel rebar contract on the Shanghai Futures Exchange was almost flat and dropped slightly by 0.28% …

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Capesize rates slide on bearish physical market

Capesize freight rates headed down the curve, after another round of discounting in both basins, without much improvement in the physical market. The Capesize 5 time charter average fell by $2,192 day-on-day to $23,305 on Wednesday, due to bearish sentiment on the physical side. With freight rates dropping everywhere, the Baltic Dry Index (BDI) then …

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Morning Oil Report 15/10/20

Good morning all. Brent crude futures rose 7 cents, or 0.2% to $43.39 a barrel, with U.S. WTI climbing 8 cents, or 0.2%, to $41.12 a barrel at 0430 GMT. Yesterday the front FoGos strengthened throughout the day, as did the front crack with Gasoil and fuels pushing yet again.   Crude futures had pushed up …

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