Category archives: Freight

Daily Capesize Review 15/10/21

Capesize freight rates fell in prolonged correction period with bearish market outlooks, amid moderate shipping demand. The Capesize 5 time charter average, then plunged down by $5,764 day-on-day to $64,417 on Friday, following another string of corrections. The Baltic Dry Index (BDI) extended losses and dropped by $208, down 4.11% day-on-day, to $4,854, due to …

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Morning Tanker FFA Report 15/10/21

(Bloomberg) — China’s state-owned refiners will try to import more diesel as domestic prices skyrocket due to an energy crisis that’s sending shockwaves through global coal and natural gas markets. Diesel prices are at a three-year high in parts of China. * OIL FUTURES: Oil Set for Best Run of Weekly Gains Since 2015 on …

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Daily Capesize Review 14/10/21

Capesize freight rates extended losses with market selloff over prolonged period, amid bearish market sentiments. The Capesize 5 time charter average, then fell by $4,359 day-on-day to $70,181 on Thursday, following market selloff for sixth consecutive trading day. The Baltic Dry Index (BDI) continued to slip by $144, down 2.77% day-on-day, to $5,062, due to …

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