Category archives: Freight

FIS Morning Report Tanker FFA 02-07-21

News Headlines: OIL DAYBOOK EUROPE: OPEC+ Supply Hike in Jeopardy as UAE Rebels (Bloomberg) In an unexpected turn of events at the OPEC+ meeting, the United Arab Emirates blocked a preliminary deal on output increases, prompting the group to postpone its meeting and casting doubt on an agreement that could ease a surge in oil …

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Daily Capesize Review 1/7/21

Capesize freight rates suffered a sharp fall, after a selloff in the session following weakness in the physical market. The Capesize 5 time charter average, then plunged down by $2,004 day-on-day to $30,600 on Thursday, after a series of selling pressure in the market. The Baltic Dry Index (BDI) also fell by 1.33% day-on-day, down …

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Daily Capesize Review 30/6/21

Capesize freight rates reversed into losses in the volatile market, as the physical market lost steam toward the month-end. The Capesize 5 time charter average, then dropped by $1,695 day-on-day to $32,604 on Wednesday, after a choppy market to a start of the new month. The Baltic Dry Index (BDI) also dipped down by 1.02% …

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FIS Morning Report Tanker FFA 01-07-21

News Headlines: OIL DAYBOOK EUROPE: OPEC+ Ministers Meet to Debate Output Hike (Bloomberg) OPEC+ ministers will meet later on Thursday to decide whether to hike output in August or September, or hold off for a while longer. While Russia is leaning toward opening the taps, Saudi Arabia is sounding cautious. Shale Will Wait for OPEC …

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