Category archives: Freight

Tanker Morning Report 16/08/21

News Headlines:     Oil prices pare earlier gains amid worries over COVID case spike (Reuters)   Oil prices were mixed on Tuesday, paring earlier gains, as expectations that major producers will not boost supply any time soon were offset by worries over slowing global fuel demand amid a spike in the Delta variant of …

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Daily Capesize Review 13/8/21

Capesize freight rates continued to hike on better market activities with strong showing from the Atlantic basins. The Capesize 5 time charter average, then rose by $1,309 day-on-day to $39,526 on Friday, due improving freight rates. The Baltic Dry Index (BDI) also hiked up over decade level at 3,566, up 1.80% day-on-day, after a string …

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Tanker Morning Report 16/08/21

News Headlines:   OIL DAYBOOK EUROPE: U.S. Shale Explorers Rev Up Their Rig Count (Bloomberg)   Just when it looked like U.S. shale explorers were settling in for slower growth the rest of this year, the oil-rig count jumped the most in four months. OIL FUTURES: Oil Drops as Delta Takes Toll on China as July Apparent Oil …

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Daily Capesize Review 12/8/21

Capesize freight rates rose on bullish market sentiments as key routes spotted better gains on active market. The Capesize 5 time charter average, then rose by $1,863 day-on-day to $38,217 on Thursday, due improving freight rates. The Baltic Dry Index (BDI) also hiked up 2.73% day-on-day, or 93 points to 3,503 readings, due to better …

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Tanker Morning Report 13/08/21

News Headlines:   OIL DAYBOOK EUROPE: Cheap U.S. Crude Flows to Asia; Pemex Woes (Bloomberg)   Asian buyers are snapping up cheap U.S. crude cargoes despite demand concerns due to the latest coronavirus resurgence, with the flurry of deals likely to be at the expense of Middle Eastern barrels. Chinese, Indian and South Korean companies …

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