Category archives: Freight

Daily Capesize Review 11/10/21

Capesize freight rates continued to fall amid market uncertainty and profit-taking in the paper market. The Capesize 5 time charter average, then went down by $1,143 day-on-day to $82,722 on Monday, despite good market fundamentals. The Baltic Dry Index (BDI) also dropped by $38, down 0.69% day-on-day, to $5,488, due to weakening freight rates.   …

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FIS Morning Report Tanker FFA 12 -10-2021

News Headlines: OIL DAYBOOK EUROPE: Permian’s Private Drillers Claw Back Output (Bloomberg) — Oil prices above $80 a barrel are once again spurring a revival of shale drilling in America’s biggest oil field, where production is expected to return to pre-pandemic highs within weeks. Only this time, the surge is being driven by private operators, …

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FIS Morning Report Tanker FFA 11 -10-21

News Headlines: OIL DAYBOOK EUROPE: Iran to Offer Crude in Return for Investment(Bloomberg) Iran plans to offer oil and gas condensate to “any investor” in exchange for either goods or capital investment in the Islamic Republic’s sanctions-hit energy sector, the country’s oil minister said. The ministry would welcome investment in both Iran’s upstream and downstream …

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Daily Capesize Review 8/10/21

Capesize freight rates fell from a selloff in the paper market, despite more shipping activities as Chinese trade participants returned from holidays. The Capesize 5 time charter average, then went down by $3,088 day-on-day to $83,865 on Friday, despite some late rebound at the market close. The Baltic Dry Index (BDI) also dropped by $124, …

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