Daily Capesize Review 15/7/21

Capesize freight rates continued to spiral downward, despite a move up supported by the improving physical market. The Capesize 5 time charter average, then fell by $434 day-on-day to $28,694 on Thursday, after a choppy trading session. The Baltic Dry Index (BDI) then dropped by 2.10% day-on-day, down 66 points to 3,073 readings, due to …

FIS Morning Report Tanker FFA 16-07-21

  News Headlines: Benchmark Oil Tanker Losses Stretch Further (Bloomberg) Rates for hauling oil on the benchmark TD3C were stable at Worldscale 31.55 on Thursday, equating to a daily loss of $5,616, compared with a loss of $5,385 on Wednesday.     OIL DAYBOOK EUROPE: Top Polluter Launches Biggest Carbon Market (Bloomberg) Trading has begun …

Daily Capesize Review 14/7/21

Capesize freight rates continued to come under selling pressure, despite some improvement seen in the physical market. The Capesize 5 time charter average, then fell further by $1,144 day-on-day to $29,128 on Wednesday, after an erratic paper trading session. The Baltic Dry Index (BDI) also dropped by 2.76% day-on-day, down 89 points to 3,139 readings, …