Category archives: Freight

Daily Capesize Review 22/7/21

Capesize freight rates improved due to tightened tonnage over typhoon concerns in the Pacific basin. The Baltic Dry Index (BDI) then increased by 1.47% day-on-day, up 45 points to 3,103 readings, due to the better freight rates.   Limited tonnage over typhoon development off China Market participants expected Typhoon In-Fa to constrain vessel supply in …

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FIS Morning Report Tanker FFA – 23-07-21

News Headlines: OIL DAYBOOK EUROPE: Venezuela Snubs U.S. Sanctions With Import (Bloomberg) Venezuela’s state-owned oil company imported a key component needed to achieve its goal of almost tripling crude production, defying U.S. efforts to isolate the Maduro regime. Venezuela wants to boost oil production to 1.5 million barrels a day by the end of this …

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Daily Capesize Review 21/7/21

Capesize freight rates continued to improve with better physical market, though there were market concern over the development of Typhoon In-fa and its impacts on shipping activities. The Capesize 5 time charter average, then inched up by $64 day-on-day to $29,135 on Tuesday, with some improvement in the physical market. The Baltic Dry Index (BDI) …

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