Daily Capesize Review 3/8/21

Capesize freight rates improved with more shipping activities, though there were oversupply concerns among trade participants. The Capesize 5 time charter average, then dipped by $213 day-on-day to $35,216 on Tuesday, after showing signs of improvement. The Baltic Dry Index (BDI) also went down slightly by 0.03% day-on-day, or 1 point to 3,281 readings, despite …

Supramax Sep 21 Morning Technical Comment – 240 Min 04/08/21

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FIS Morning Report Tanker FFA 04-08-21

News Headlines: Iran ‘hijacks’ Oil Tanker in Gulf of Oman (Telegraph) Iranian-backed forces were suspected of seizing an oil tanker in the Gulf of Oman on Tuesday night, just days after Iran was blamed for a drone attack on another tanker that killed a British crew member. The Royal Navy’s UK Maritime Trade Operations [UKMTO] …

Daily Capesize Review 2/8/21

Capesize freight rates had a quiet start to the new month, though market sentiments remained positive at the aftermath of typhoon conditions. The Capesize 5 time charter average, then dipped by $284 day-on-day to $35,429 on Monday, with a typical quiet start for the week. The Baltic Dry Index (BDI) also went down by 0.30% …

FIS Morning Report Tanker FFA 03-08-21

News Headlines: OIL DAYBOOK EUROPE: OPEC’s Top Gulf Members Boost July Shipments (Bloomberg) Saudi Arabia, Kuwait and the United Arab Emirates boosted oil shipments to multi-month highs in July, underscoring a return of their crude to an uncertain global market. Saudi shipments reached 6.4 million barrels a day, an increase of 640,000 from June and …