Category archives: Freight

Panamax Technical Report (corrective not bearish on the backs)

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FIS Morning Report | Tanker FFA – 21 -10-2021

News Headlines: OIL DAYBOOK EUROPE: OPEC+ Powerless to Ease Crisis; U.S. Demand (Bloomberg) Saudi Arabia said any extra oil from OPEC+ would do little to bring down surging natural-gas prices. “We see our role as extremely limited,” Saudi Energy Minister Prince Abdulaziz bin Salman said during the ERA Week India Energy Forum on Wednesday. * …

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Daily Capesize Review 19/10/21

Capesize freight rates dipped on persisted weakness, though there was some steady shipping demand in physical market. The Capesize 5 time charter average, then fell by $1,071 day-on-day to $59,955 on Tuesday, following a series of corrections. The Baltic Dry Index (BDI) extended losses and dropped slightly by $18, down 0.38% day-on-day, to $4,714, due …

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FIS Morning Report Tanker FFA 20 -10-21

News Headlines: OIL DAYBOOK EUROPE: China Set for Pick-Up in Buying; EIA Data (Bloomberg) China’s independent refiners, known as teapots, are set for crude-buying splurge as they seek to use import quotas before they expire. * OIL FUTURES: Oil Slips From High as Report Shows Stockpiles Up China’s Crude Imports From Oman, Malaysia Climb; Russia …

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