Category archives: Freight

Daily Capesize Review 24/9/21

Capesize freight rates took a breather from previous bullish rally, while the market saw more supplies free from bad weather-related situations. The Capesize 5 time charter average, then went down by $374 day-on-day to $61,309 on Friday, due to some profit taking on the paper market. The Baltic Dry Index (BDI) then dropped slightly by …

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FIS Morning Report Tanker FFA 27-09-21

News Headlines: OIL DAYBOOK EUROPE: More BP Stations Run Out of Fuel; APPEC (Bloomberg) BP Plc, the second-largest fuel retailer in the U.K., said it has run out of the main grades at almost a third of its stations in the country after days of panic buying “With the intense demand seen over the past …

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Daily Capesize Review 23/9/21

Capesize freight rates rallied to record high levels, amid tight tonnage supply and improving shipping demand in both basins. The Capesize 5 time charter average, then rose by $1,968 day-on-day to $61,683 on Thursday, as market participants anticipated a super cycle ahead. The Baltic Dry Index (BDI) then jumped further by $91, up 2.00% day-on-day, …

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