Category archives: Freight

FIS Morning Report Tanker FFA 20-07-21

News Headlines: OIL DAYBOOK EUROPE: OPEC+ Deal May Not Avert Supply Squeeze (Bloomberg) The deal to boost production struck by OPEC+ after two weeks of haggling helped send oil prices tumbling. But the slump may not last long. While the alliance will gradually revive output shuttered during the pandemic, the increases might not be enough …

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Daily Capesize Review 19/7/21

Capesize freight rates rebounded from losses amid a short week with holiday in Singapore and market concerns over cyclone development off China. The Capesize 5 time charter average, then rose by $597 day-on-day to $29,139 on Monday, after some improvement in the physical market. The Baltic Dry Index (BDI) then increased by 0.66% day-on-day, up …

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Daily Capesize Review 16/7/21

Capesize freight rates continued to inch downward, despite some improvement seen in the physical market. The Capesize 5 time charter average, then fell by $152 day-on-day to $28,542 on Friday, after much selling pressure during the session. The Baltic Dry Index (BDI) then dropped by 1.11% day-on-day, down 34 points to 3,039 readings, due to …

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