Category archives: Freight

Daily Capesize Review 21/9/21

Capesize freight rates continued to rise by the firm Pacific basin, despite market uncertainty over the Chinese property sector. The Capesize 5 time charter average, then rose by $2,474 day-on-day to $56,269 on Tuesday, despite the absence of some Chinese trade participants on holiday celebrations. The Baltic Dry Index (BDI) then jumped by $106, up …

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FIS Morning Report Tanker FFA 22-09-21

News Headlines: OIL DAYBOOK EUROPE: ConocoPhillips Demand Optimism; OPEC+ Supply (Bloomberg) ConocoPhillips sees oil demand returning to pre-pandemic levels by early next year as crude consumption rises around the world, supporting higher commodity prices, Chief Executive Officer Ryan Lance said. Oil supply, on the other hand, will remain constrained, he said. * OIL FUTURES: Oil …

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Morning Report Tanker FFA 21/09/21

News Headlines: OIL DAYBOOK EUROPE: Shell’s Storm Damage Spurs Replacement Hunt (Bloomberg) Royal Dutch Shell Plc warned that production from two of its largest Gulf of Mexico fields won’t resume until next year after Hurricane Ida inflicted “significant structural damage.” That’s led to crude tankers from Mexico, Iraq and Brazil lining up to take advantage …

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Daily Capesize Review 17/9/21

Capesize freight rates rebounded from a series of corrections, after gains were made in both basins. The Capesize 5 time charter average, then rose by $959 day-on-day to $53,240 on Friday, despite the absence of Chinese trade participants as they prepared for holiday celebrations. The Baltic Dry Index (BDI) then jumped by $60, up 1.42% …

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