Daily Capesize Review 28/10/21

Capesize freight rates came under pressures from sluggish demand, with market concerns over softening iron ore and coal prices. The Capesize 5 time charter average, then fell by $2,371 day-on-day to $37,669 on Thursday, following a series of corrections. The Baltic Dry Index (BDI) extended losses and dropped by $178, down 4.67% day-on-day, to $3,630, …

Morning Tanker FFA Report 28/10/21

News Headlines:   Investors on board as U.S. oil majors dismiss wind and solar projects (Reuters) HOUSTON/BOSTON, Oct 27 (Reuters) – Top U.S. oil firms are doubling down on drilling, deepening a divide with European rivals on the outlook for renewables, and winning support from big investors who do not expect the stateside companies to …

Morning Tanker FFA Report 27/10/21

News Headlines:   U.S. demand for oil surges, depleting tanks in Oklahoma (Reuters) Crude oil tanks at the Cushing, Oklahoma storage hub are more depleted than they have been in the last three years, and prices of further dated oil contracts suggest they will stay lower for months. U.S. demand for crude among refiners making …