Category archives: Freight

Daily Capesize Review 13/7/21

Capesize freight rates slumped into losses after some panic selling in the paper market, as freight rates declined in the physical market. The Capesize 5 time charter average, then plunged down by $994 day-on-day to $30,272 on Tuesday, after selling pressure in the paper market. The Baltic Dry Index (BDI) also dropped by 2.18% day-on-day, …

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FIS Morning Report Tanker FFA 14-07-2021

News Headlines: OIL DAYBOOK EUROPE: U.S. Demand Surges to New Heights; EIA Data (Bloomberg) U.S. oil demand has soared to new heights as the nation rebounds from the pandemic, with gasoline and diesel consumption returning to pre-virus levels. A surge in petroleum use for products such as plastic, asphalt, lubricants and other industrial needs is …

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FW: FIS Morning Report Tanker FFA 13-07-21

News Headlines: OIL DAYBOOK EUROPE: Virus Curbs Across Asia Threaten Recovery (Bloomberg) The fast-spreading delta virus variant is on the march through a largely unvaccinated Southeast Asia, forcing restrictions on work and mobility that are taking the shine off the wider region’s recovery in energy demand.     SUPERTANKER TRACKER: China-Bound At Four-Week High; U.S. …

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Daily Capesize Review 12/7/21

Capesize freight rates continued to stay afloat with slight gains, though there was some softening in the Pacific and the Atlantic basins. The Capesize 5 time charter average, then inched up by $294 day-on-day to $31,266 on Monday, byproduct of the recent rally in the FFA market.   Slow market activities despite healthy cargo list …

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