Daily Capesize Review 5/8/21

Capesize freight rates extended its upward momentum to recover from previous slump, despite market concerns over shipping delays at Chinese ports. The Capesize 5 time charter average, then rose by $933 day-on-day to $36,608 on Thursday, due to improving market sentiments. The Baltic Dry Index (BDI) also went up by 1.75% day-on-day, or 58 points …

FIS Morning Report Tanker FFA 06-08-21

News Headlines: OIL DAYBOOK EUROPE: Saudi Challenged in Asia by Cheaper Options (Bloomberg) Saudi Arabia’s move to push up the cost of its oil in Asia may backfire as the U.S. and Russia offer more competitively priced alternatives and an outbreak of the delta virus variant in China damps demand.     Benchmark Oil Tanker …