Category archives: Freight

FIS Morning Report Tanker FFA 10-09-21

News Headlines: OIL DAYBOOK EUROPE: China Confirms Sale of Reserves; Ida Impact (Bloomberg) China made an unprecedented intervention in the global oil market, releasing crude from its strategic reserve for the first time with the explicit aim of lowering prices. The announcement comes amid surging energy costs in China, not just for oil but also …

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Daily Capesize Review 8/9/21

Capesize freight rates dropped further on lower bookings, despite Brazilian miners making more fixtures but failed to support higher rates. The Capesize 5 time charter average, then dropped by $1,702 day-on-day to $40,518 on Wednesday, after a choppy market. The Baltic Dry Index (BDI) also fell by $89, down 2.40% day-on-day, to $3,618, due to …

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FIS Morning Report Tanker FFA 09-09-21

News Headlines: OIL DAYBOOK EUROPE: Top Guzzlers Surpass Pre-Pandemic Demand (Bloomberg) Some of the world’s biggest economies are seeing oil consumption turn the corner and even surpass pre- pandemic levels as falling Covid-19 infection rates drive a recovery in activity. * OIL FUTURES: Oil Holds Gain With Hurricane Impact on Supply Still Lingering.     …

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