Category archives: Freight

Daily Capesize Review 2/9/21

Capesize freight rates rebounded from previous slump, as tonnage list was shortened with better shipping demand. The Capesize 5 time charter average, then rose by $420 day-on-day to $47,407 on Thursday, as market sentiments improved. The Baltic Dry Index (BDI) however, dropped by $12, down 0.30% day-on-day, to $4,001, due to softening freight rates.   …

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Daily Capesize Review 1/9/21

Capesize freight rates continued its downward trajectory, with both basins came under selling pressures as tonnages began to return. The Capesize 5 time charter average, then fell further by $2,102 day-on-day to $46,987 on Wednesday, after much selling pressures. The Baltic Dry Index (BDI) followed the decline and dropped by $119, down 2.88% day-on-day, to …

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Morning Tanker FFA Report 2/9/21

News Headlines: OIL DAYBOOK EUROPE: OPEC+ Sticks to Agreed Plan for Supply Hikes (Bloomberg) OPEC and its allies agreed to stick to their existing plan for gradual monthly oil-production increases after a brief video conference. * OIL FUTURES: Oil Declines After OPEC+ Alliance Agrees to Return More Barrels     As OPEC+ Plans More Oil, …

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