Category archives: Freight

Daily Capesize Review 10/9/21

Capesize freight rates rebounded from previous losses, with better offers that supported the market fundamentals for the bullish market. The Capesize 5 time charter average, then dropped by $5,021 day-on-day to $46,172 on Friday, as market confidence improved over shipping demand amid tight tonnage. The Baltic Dry Index (BDI) then rose by $221, up 6.07% …

Continue reading “Daily Capesize Review 10/9/21”

FIS Morning Report Tanker FFA 13-09-21

News Headlines: OIL DAYBOOK EUROPE: Vitol Says Ida’s Impact Bullish for Prices (Bloomberg) The aftermath of Hurricane Ida has left about 1.1 million barrels of daily crude production shuttered in the U.S. Gulf of Mexico and it’s unclear when that output will return, a bullish sign for oil prices, according to Vitol Group.  * OIL …

Continue reading “FIS Morning Report Tanker FFA 13-09-21”

FIS Morning Report Tanker FFA 10-09-21

News Headlines: OIL DAYBOOK EUROPE: China Confirms Sale of Reserves; Ida Impact (Bloomberg) China made an unprecedented intervention in the global oil market, releasing crude from its strategic reserve for the first time with the explicit aim of lowering prices. The announcement comes amid surging energy costs in China, not just for oil but also …

Continue reading “FIS Morning Report Tanker FFA 10-09-21”