Daily Capesize Review 5/7/21

Capesize freight rates continued to lose ground on thin trading activities amid sluggish shipping demand. The Capesize 5 time charter average, then plunged down by $1,333 day-on-day to $27,773 on Monday, after selloff session. The Baltic Dry Index (BDI) also dropped by 1.86% day-on-day, down 61 points to 3,224 readings, due to the weakening freight …

FIS Morning Report Tanker FFA 06-07-21

News Headlines: OIL DAYBOOK EUROPE: OPEC+ in Crisis as Members Abandon Meeting (Bloomberg) OPEC+ was plunged into a crisis as a worsening fight between Saudi Arabia and the United Arab Emirates blocked an oil-supply increase. What happens next will determine whether the breakdown of talks– which sent Brent crude climbing toward $80 a barrel — …

Daily Capesize Review 2/7/21

Capesize freight rates continued to dip after a market pullback from limited activities in the physical market. The Capesize 5 time charter average, then nosedived down by $1,494 day-on-day to $29,106 on Friday, after a choppy market. The Baltic Dry Index (BDI) also fell by 1.59% day-on-day, down 53 points to 3,285 readings, following the …

FIS Morning Report Tanker FFA 05-07-21

News Headlines: Oil steady as OPEC+ seeks to break impasse over supply (Reuters) Oil prices were steady on Monday with investors and traders awaiting crucial talks by OPEC+ following disagreement over output within the group that could lead to major producers pumping up volumes to grab market share.   Record 8% of all ships predicted …