Category archives: Freight

Daily Capesize Review 22/9/21

Capesize freight rates continued to rally, due to tighter tonnage and port congestion among Chinese ports that extended turnaround time. The Capesize 5 time charter average, then rose by $3,446 day-on-day to $59,715 on Wednesday, as most of the Chinese trade participants returned to the market from holidays. The Baltic Dry Index (BDI) then jumped …

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FIS Morning Report Tanker FFA 23-09-21

News Headlines: OIL DAYBOOK EUROPE: Key U.S. Crude Price Weakens; OPEC Warning (Bloomberg) Prices for one of the most important grades of U.S. oil slid for a second day as production begins to resume in Gulf of Mexico wells shut by Hurricane Ida more than three weeks ago. Royal Dutch Shell Plc restarted the Amberjack …

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Daily Capesize Review 21/9/21

Capesize freight rates continued to rise by the firm Pacific basin, despite market uncertainty over the Chinese property sector. The Capesize 5 time charter average, then rose by $2,474 day-on-day to $56,269 on Tuesday, despite the absence of some Chinese trade participants on holiday celebrations. The Baltic Dry Index (BDI) then jumped by $106, up …

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FIS Morning Report Tanker FFA 22-09-21

News Headlines: OIL DAYBOOK EUROPE: ConocoPhillips Demand Optimism; OPEC+ Supply (Bloomberg) ConocoPhillips sees oil demand returning to pre-pandemic levels by early next year as crude consumption rises around the world, supporting higher commodity prices, Chief Executive Officer Ryan Lance said. Oil supply, on the other hand, will remain constrained, he said. * OIL FUTURES: Oil …

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