Category archives: Freight

FIS Morning Report Tanker FFA 07-07-21

News Headlines: OIL DAYBOOK EUROPE: Shale Rushes to Lock In Price Rally; OPEC+ (Bloomberg) As soon as OPEC+ negotiations fell apart on Monday, stoking fears of a supply squeeze and sending oil prices soaring, U.S. shale executives began hitting the phones. They were securing hedges — locking in prices for the oil they plan to …

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Daily Capesize Review 6/7/21

Capesize freight rates dipped lower in the oversupplied market, despite some comeback during the trading session. The Capesize 5 time charter average, then dropped down by $464 day-on-day to $27,309 on Tuesday, due to selling pressure during the session. The Baltic Dry Index (BDI) also slipped by 1.40% day-on-day, down 45 points to 3,179 readings, …

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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 …

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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 — …

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