Category archives: Freight

Daily Capesize Review 16/8/21

Capesize freight rates continued to ride on upward momentum with better market optimism for shipping demand, amid tight tonnage. The Capesize 5 time charter average, then rose by $711 day-on-day to $40,237 on Monday, due improving freight rates. The Baltic Dry Index (BDI) also hiked up further at record levels to $3,606, up 1.12% day-on-day, …

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Tanker Morning Report 16/08/21

News Headlines:     Oil prices pare earlier gains amid worries over COVID case spike (Reuters)   Oil prices were mixed on Tuesday, paring earlier gains, as expectations that major producers will not boost supply any time soon were offset by worries over slowing global fuel demand amid a spike in the Delta variant of …

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Daily Capesize Review 13/8/21

Capesize freight rates continued to hike on better market activities with strong showing from the Atlantic basins. The Capesize 5 time charter average, then rose by $1,309 day-on-day to $39,526 on Friday, due improving freight rates. The Baltic Dry Index (BDI) also hiked up over decade level at 3,566, up 1.80% day-on-day, after a string …

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Tanker Morning Report 16/08/21

News Headlines:   OIL DAYBOOK EUROPE: U.S. Shale Explorers Rev Up Their Rig Count (Bloomberg)   Just when it looked like U.S. shale explorers were settling in for slower growth the rest of this year, the oil-rig count jumped the most in four months. OIL FUTURES: Oil Drops as Delta Takes Toll on China as July Apparent Oil …

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