FIS Morning Report Tanker FFA 06-08-21

News Headlines: OIL DAYBOOK EUROPE: Saudi Challenged in Asia by Cheaper Options (Bloomberg) Saudi Arabia’s move to push up the cost of its oil in Asia may backfire as the U.S. and Russia offer more competitively priced alternatives and an outbreak of the delta virus variant in China damps demand.     Benchmark Oil Tanker …

Daily Capesize Review 4/8/21

Capesize freight rates continued to recover from improving shipping demand, which lifted market sentiment. The Capesize 5 time charter average, then rose by $459 day-on-day to $35,675 on Wednesday, due to better market confidence. The Baltic Dry Index (BDI) also went up by 1.13% day-on-day, or 37 points to 3,318 readings, due to better freight …