Category archives: Freight

Daily Capesize Review 6/9/21

Capesize freight rates continued to decline further over concerns over cargo demand and slow shipping activities. The Capesize 5 time charter average, then dropped by $2,182 day-on-day to $44,465 on Monday, after a choppy market. The Baltic Dry Index (BDI) then fell by $122, down 3.09% day-on-day, to $3,822, due to softening freight rates.   …

Continue reading “Daily Capesize Review 6/9/21”

FIS Morning Report Tanker FFA 07-09-21

News Headlines: OIL DAYBOOK EUROPE: China’s Crude Imports Jump; Ida Hits Output (Bloomberg) China’s overseas crude inflows rose to a five-month high after private refiners were allocated new import quotas and as cargoes that were delayed by a typhoon were finally delivered. * OIL FUTURES: Oil Holds Losses as Investors Assess Outlook Clouded by Covid-19 …

Continue reading “FIS Morning Report Tanker FFA 07-09-21”

Daily Capesize Review 3/9/21

Capesize freight rates declined on slower market activities especially in the Pacific market, despite a firm Atlantic market. The Capesize 5 time charter average, then dropped by $760 day-on-day to $46,647 on Friday, amid a volatile paper market. The Baltic Dry Index (BDI) then fell by $57, down 1.42% day-on-day, to $3,944, as market sentiments …

Continue reading “Daily Capesize Review 3/9/21”