Category archives: Freight

Daily Capesize Review 3/9/21

Capesize freight rates declined on slower market activities especially in the Pacific market, despite a firm Atlantic market. The Capesize 5 time charter average, then dropped by $760 day-on-day to $46,647 on Friday, amid a volatile paper market. The Baltic Dry Index (BDI) then fell by $57, down 1.42% day-on-day, to $3,944, as market sentiments …

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FIS Morning Report Tanker FFA 06-09-2021

News Headlines: OIL DAYBOOK EUROPE: Saudi Arabia Cuts Prices to Asia; NOC Chair (Bloomberg) Saudi Arabia cut oil prices for sales to Asia next month by more than twice the expected amount in a sign the world’s largest crude exporter wants to entice buyers to take more of its barrels. * OIL FUTURES: Oil Extends …

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Daily Capesize Review 2/9/21

Capesize freight rates rebounded from previous slump, as tonnage list was shortened with better shipping demand. The Capesize 5 time charter average, then rose by $420 day-on-day to $47,407 on Thursday, as market sentiments improved. The Baltic Dry Index (BDI) however, dropped by $12, down 0.30% day-on-day, to $4,001, due to softening freight rates.   …

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