Daily Capesize Review 10/8/21

Capesize freight rates dipped on thin market activities with a short trading week, due to public holidays in Japan and Singapore. The Capesize 5 time charter average, then dropped by $114 day-on-day to $35,895 on Tuesday, despite some improvement in the physical market. The Baltic Dry Index (BDI) moved flatly and inched up slightly by …

Tanker Morning Report 11/08/21

News Headlines:   OIL DAYBOOK EUROPE: Several Asian Refiners Take Less Saudi Crude (Bloomberg) Several Asian refiners asked for less oil from Saudi Arabia for next month as steps to rein in the delta virus variant weighed on demand. At least four customers — three in Northeast Asia and one in Southeast Asia – requested …

Morning Tanker Report 10/8/21

News Headlines:   OIL DAYBOOK EUROPE: Biggest China Oil Refiner Seen Cutting Runs (Bloomberg) China’s biggest oil refiner is scaling back operations as Beijing’s aggressive response to the delta virus variant saps demand for road and aviation fuel. State-owned China Petroleum & Chemical Corp., or Sinopec, is cutting run rates at some plants by 5% …

Tanker Morning Report 9/8/21

News Headlines:   Iranian drone attacked Zodiac-operated Mercer Street tanker, US says (Tradewinds) US Central Command — the US military’s arm responsible for the Middle East — said its experts were able to recover pieces of the drone that struck the 49,992-dwt Mercer Street (built 2013) in the Gulf of Oman, concluding it was built …