Category archives: Freight

Daily Capesize Review 23/7/21

Capesize freight rates rebounded on tight tonnage supply because of Typhoon In-Fa’s impact on central China’s coastal areas. The Baltic Dry Index (BDI) then increased by 3.09% day-on-day, up 96 points to 3,199 readings, due to the firmer freight rates.   Bullish Pacific amid tight vessel supply   The Pacific enjoyed healthy cargo list with …

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Daily Capesize Review 22/7/21

Capesize freight rates improved due to tightened tonnage over typhoon concerns in the Pacific basin. The Baltic Dry Index (BDI) then increased by 1.47% day-on-day, up 45 points to 3,103 readings, due to the better freight rates.   Limited tonnage over typhoon development off China Market participants expected Typhoon In-Fa to constrain vessel supply in …

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FIS Morning Report Tanker FFA – 23-07-21

News Headlines: OIL DAYBOOK EUROPE: Venezuela Snubs U.S. Sanctions With Import (Bloomberg) Venezuela’s state-owned oil company imported a key component needed to achieve its goal of almost tripling crude production, defying U.S. efforts to isolate the Maduro regime. Venezuela wants to boost oil production to 1.5 million barrels a day by the end of this …

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