Category archives: Freight

Daily Capesize Review 3/6/21

Capesize freight rates continued its downward spiral, due to thin market activities following holiday in Brazil. The Capesize 5 time charter average, then fell further by $1,629 day-on-day to $22,102 on Thursday, after another rounds of selloff. The Baltic Dry Index (BDI) also dropped further by 2.29% or 58 points on-day to 2,472 readings, due …

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FIS Morning Report Tanker FFA 04-06-21

News Headlines: OIL DAYBOOK EUROPE: Saudis Increase Oil Prices for Asia; OPEC+ (Bloomberg) Saudi Arabia increased oil prices for customers in its main market of Asia by more than expected after Brent topped $70 a barrel and OPEC forecast global demand would outstrip supply over the rest of the year.     UN Urges Yemen’s …

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Daily Capesize Review 2/6/21

Capesize freight rates slumped from a sharp selloff, due to bearish market sentiment on the Atlantic basin. The Capesize 5 time charter average, then plunged down by $1,301 day-on-day to $23,731 on Wednesday, despite a recent rebound in the market. The Baltic Dry Index (BDI) also dropped by 1.48% or 38 points on-day to 2,530 …

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