Category archives: Freight

Daily Capesize Review 10/6/21

Capesize freight rates continued to rally on bullish market sentiment of improving demand in the physical market, especially in the Pacific basin. The Capesize 5 time charter average, then went up by $3,407 day-on-day to $24,039 on Thursday, due to firmer rates in both basins. The Baltic Dry Index (BDI) also recorded gains of 7.58% …

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FIS Morning Report Tanker FFA 11-06-21

News Headlines: OIL DAYBOOK EUROPE: OPEC+ Buffer Not All It Seems; IEA Report (Bloomberg) As oil demand roars back from the pandemic shock, the world may soon clamor for more crude from OPEC+. But the coalition doesn’t have all the barrels it’s advertising. On paper, the alliance will still have a gigantic 5.8 million barrels …

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Daily Capesize Review 9/6/21

Capesize freight rates rebounded with a much-improved Pacific market, though the Atlantic basins remained sluggish with oversupply of tonnage. The Capesize 5 time charter average, then inched up by $787 day-on-day to $20,632 on Wednesday, amid better market outlook. The Baltic Dry Index (BDI) posted gains of 2.52% or 61 points on-day to 2,481 readings, …

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FIS Morning Report Tanker FFA 10-06-21

News Headlines: OIL DAYBOOK EUROPE: U.S. Awash With Gasoline; Iran Nuclear Talks (Bloomberg) American oil refiners eager to boost gasoline production for the summer driving season are leaving the country awash with fuel at a time when the rebound in consumption is still uncertain. Stockpiles have jumped to the highest in three-months, while a measure …

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