Daily Capesize Review 17/6/21

Capesize freight rates maintained upward momentum despite the physical market taking a break in the bullrun. The Capesize 5 time charter average, then rose by $1,672 day-on-day to $34,930 on Thursday, as market fundamentals improved in both basins. The Baltic Dry Index (BDI) then rallied by 2.87% on-day, up 91 points to 3,267 readings on …

FIS Morning Report Tanker FFA 18-06-21

News Headlines: OIL DAYBOOK EUROPE: China Intensifies Key Oil-Refining Probe (Bloomberg) The future of China’s vast oil-refining industry may hinge on what government investigators find in Panjin. This little-known energy hub east of Beijing has emerged as the focal point of a probe that industry insiders say could shift the balance of power from the …