Category archives: Freight

Daily Capesize Review 21/6/21

Capesize freight rates continued to soften at the start of the week, following the previous slump over bearish market sentiments. The Capesize 5 time charter average, then dropped down by $630 day-on-day to $32,785 on Monday, after a selloff in the paper market. The Baltic Dry Index (BDI) then slipped down by 0.87% on-day, down …

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FIS Morning Report Tanker FFA 22-06-21

News Headlines: OIL DAYBOOK EUROPE: Challenges Growing for Refiners; China Quota (Bloomberg) A key oil refinery for U.S. East Coast consumers is halting operations after escalating environmental scrutiny made it impossible for backers to obtain desperately needed financing. The owners of the Limetree Bay refinery in the U.S. Virgin Islands announced plans Monday to shut …

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Daily Capesize Review 18/6/21

Capesize freight rates plunged to a sharp drop after a cooling off from the physical market after a handful of trades. The Capesize 5 time charter average, then slumped down by $1,515 day-on-day to $33,415 on Friday, after sharp drops seen in both basins. The Baltic Dry Index (BDI) then dropped by 1.50% on-day, down …

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FIS Morning Report Tanker FFA 21-06-2021

News Headlines: China Lifts Oil Imports From Saudi Arabia, UAE, Oman Last Month (Bloomberg) China increased oil imports from Saudi Arabia, the UAE and Oman in May, according to General Administration of Customs data     Iran’s ‘ghost armada’ of 123 sanction-busting tankers is selling black market oil to China to bankroll its secret (Bloomberg) …

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