*Chinese Flooding China is currently experiencing its worst floods in 100 years with record rainfall levels since June. Areas straddling the Yangtze river banks are at risk of severe flooding if they haven’t already. Sinopec owns multiple refineries along the river so increased rainfall could cause serious issues. Potentially manifesting into catastrophic issues if the …
Category archives: Freight
Capesize & Panamax FFA Daily Report
Supramax & Handysize FFA Daily Report
Capesize rates correct further on bearish outlook
Capesize rates resumed its correction phrases for the short week with Singapore on public holiday at Friday. The Capesize 5 time charter average then dropped further by $270 day-on-day to $17,014 on Monday, after a sluggish start of the short trading week. Likewise, the Baltic Dry Index (BDI) slipped 1.82% day-on-day to 1,293 readings on …
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Freight Intraday Morning Technical
Capesize & Panamax FFA Daily Report
Supramax & Handysize FFA Daily Report
Capesize rates spiral downward on supply glut
Capesize rates continued its downward movement due to muted market in both basin and fell further away from the $20,000 level. Thus, the Capesize 5 time charter average came under selling pressure and recorded at $17,284, down $1,258 day-on-day on Friday. The Baltic Dry Index (BDI) did not fared better as well and continued the …
Continue reading “Capesize rates spiral downward on supply glut”