Daily Capesize Review 2/7/21

Capesize freight rates continued to dip after a market pullback from limited activities in the physical market. The Capesize 5 time charter average, then nosedived down by $1,494 day-on-day to $29,106 on Friday, after a choppy market. The Baltic Dry Index (BDI) also fell by 1.59% day-on-day, down 53 points to 3,285 readings, following the …

FIS Morning Report Tanker FFA 05-07-21

News Headlines: Oil steady as OPEC+ seeks to break impasse over supply (Reuters) Oil prices were steady on Monday with investors and traders awaiting crucial talks by OPEC+ following disagreement over output within the group that could lead to major producers pumping up volumes to grab market share.   Record 8% of all ships predicted …