Category archives: Freight

Daily Capesize Review 18/6/21

Capesize freight rates plunged to a sharp drop after a cooling off from the physical market after a handful of trades. The Capesize 5 time charter average, then slumped down by $1,515 day-on-day to $33,415 on Friday, after sharp drops seen in both basins. The Baltic Dry Index (BDI) then dropped by 1.50% on-day, down …

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FIS Morning Report Tanker FFA 21-06-2021

News Headlines: China Lifts Oil Imports From Saudi Arabia, UAE, Oman Last Month (Bloomberg) China increased oil imports from Saudi Arabia, the UAE and Oman in May, according to General Administration of Customs data     Iran’s ‘ghost armada’ of 123 sanction-busting tankers is selling black market oil to China to bankroll its secret (Bloomberg) …

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Daily Capesize Review 17/6/21

Capesize freight rates maintained upward momentum despite the physical market taking a break in the bullrun. The Capesize 5 time charter average, then rose by $1,672 day-on-day to $34,930 on Thursday, as market fundamentals improved in both basins. The Baltic Dry Index (BDI) then rallied by 2.87% on-day, up 91 points to 3,267 readings on …

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