Daily Capesize Review 30/9/21

Capesize freight rates slumped to end its bullish run, as market concerns turned to mine closures and China’s public holidays. The Capesize 5 time charter average, then dropped by $610 day-on-day to $74,176 on Thursday, after some selloff in the market. The Baltic Dry Index (BDI) then dipped by $30, down 0.58% day-on-day, to $5,167, …

Panamax Technical Report 30/09/21 (negative divergences create a futures pullback)

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Daily Capesize Review 29/9/21

Capesize freight rates extended its rally to record-high levels, with supports from tight tonnage supply and better shipping demand. The Capesize 5 time charter average, then jumped by $5,773 day-on-day to $74,786 on Wednesday, despite some profit taking in the session. The Baltic Dry Index (BDI) then rose by $235, up 4.74% day-on-day, to $5,197, …

FIS Morning Report Tanker FFA 30 – 09 -21

News Headlines: OIL DAYBOOK EUROPE: U.K. Fuel Crisis Starting to Ease; Enbridge (Bloomberg) The U.K. oil industry said the nation’s fuel crisis is easing after the government deployed additional tankers and put the army on standby to drive trucks. After days of chaos, with long lines of motorists blocking traffic at fuel pumps, the government …