Category archives: Freight

Morning Report Tanker FFA 21/09/21

News Headlines: OIL DAYBOOK EUROPE: Shell’s Storm Damage Spurs Replacement Hunt (Bloomberg) Royal Dutch Shell Plc warned that production from two of its largest Gulf of Mexico fields won’t resume until next year after Hurricane Ida inflicted “significant structural damage.” That’s led to crude tankers from Mexico, Iraq and Brazil lining up to take advantage …

Continue reading “Morning Report Tanker FFA 21/09/21”

Daily Capesize Review 17/9/21

Capesize freight rates rebounded from a series of corrections, after gains were made in both basins. The Capesize 5 time charter average, then rose by $959 day-on-day to $53,240 on Friday, despite the absence of Chinese trade participants as they prepared for holiday celebrations. The Baltic Dry Index (BDI) then jumped by $60, up 1.42% …

Continue reading “Daily Capesize Review 17/9/21”

Daily Capesize Review 16/9/21

Capesize freight rates slid downward due to market uncertainty and discounted paper curve, with concerns over falling iron prices. The Capesize 5 time charter average, then dropped by $1,100 day-on-day to $52,281 on Thursday, as market participants were more cautious over mixed outlook. The Baltic Dry Index (BDI) then dipped by $18, down 0.43% day-on-day, …

Continue reading “Daily Capesize Review 16/9/21”