Morning Tanker Report 10/8/21

News Headlines:   OIL DAYBOOK EUROPE: Biggest China Oil Refiner Seen Cutting Runs (Bloomberg) China’s biggest oil refiner is scaling back operations as Beijing’s aggressive response to the delta virus variant saps demand for road and aviation fuel. State-owned China Petroleum & Chemical Corp., or Sinopec, is cutting run rates at some plants by 5% …

Tanker Morning Report 9/8/21

News Headlines:   Iranian drone attacked Zodiac-operated Mercer Street tanker, US says (Tradewinds) US Central Command — the US military’s arm responsible for the Middle East — said its experts were able to recover pieces of the drone that struck the 49,992-dwt Mercer Street (built 2013) in the Gulf of Oman, concluding it was built …

Daily Capesize Review 5/8/21

Capesize freight rates extended its upward momentum to recover from previous slump, despite market concerns over shipping delays at Chinese ports. The Capesize 5 time charter average, then rose by $933 day-on-day to $36,608 on Thursday, due to improving market sentiments. The Baltic Dry Index (BDI) also went up by 1.75% day-on-day, or 58 points …