Category archives: Freight

Daily Capesize Review 17/8/21

Capesize freight rates strengthened further, after a flurry of fixtures done at higher rates from better shipping demand. The Capesize 5 time charter average, then rose by $812 day-on-day to $41,049 on Tuesday, due to improving freight rates. The Baltic Dry Index (BDI) surged up further at record levels of almost 11 years high at …

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Tanker Morning Report 18/08/21

News Headlines:     Oil steadies, Delta outbreaks cloud demand prospects  (Reuters) Oil prices steadied on Wednesday, after four days of declines with investors still wary about prospects for stronger fuel demand as the use of rail, air and other forms of transport remained constrained amid surging COVID-19 cases worldwide.     Prices Could Move …

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Daily Capesize Review 16/8/21

Capesize freight rates continued to ride on upward momentum with better market optimism for shipping demand, amid tight tonnage. The Capesize 5 time charter average, then rose by $711 day-on-day to $40,237 on Monday, due improving freight rates. The Baltic Dry Index (BDI) also hiked up further at record levels to $3,606, up 1.12% day-on-day, …

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Tanker Morning Report 16/08/21

News Headlines:     Oil prices pare earlier gains amid worries over COVID case spike (Reuters)   Oil prices were mixed on Tuesday, paring earlier gains, as expectations that major producers will not boost supply any time soon were offset by worries over slowing global fuel demand amid a spike in the Delta variant of …

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