Category archives: Freight

Daily Capesize Review 28/5/21

Capesize freight rates plunged as the physical market came under pressure and resulted a selloff in the paper market. The Capesize 5 time charter average then fell by $2,320 day-on-day to $25,614 on Friday, following the selloff. The Baltic Dry Index (BDI) also dropped down by 3.42% or 92 points on-day to 2,596 readings, due …

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Daily Capesize Review 27/0/5/21

Capesize freight rates continued to drop fast due to poor shipping fundamentals despite healthy demand in the Pacific market. The Capesize 5 time charter average then dropped by $1,686 day-on-day to $27,934 on Thursday, despite some market talks of blockade lifting in Bolivar that resulted in some late upticks in trading. The Baltic Dry Index …

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FIS Morning Report Tanker FFA 28-05-21

News Headlines: OIL DAYBOOK EUROPE: OPEC+ Seen Boosting July Supply; China Bets (Bloomberg) — OPEC and its allies are expected to reaffirm plans to boost oil output when they meet next week, restoring more of the supply halted during the pandemic. Most analysts and traders surveyed by Bloomberg predicted that OPEC+ will ratify an increase …

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