Category archives: Freight

Tanker News Update 8/7/20

*Catastrophic Crack Margins* COVID-19 may have caused a tremor in the refining industry that will be seen for years to come. Simple refinery economics means profit is made in the differences on input (crude) and outputs (refined distillates). With global demand in refined products slumping in recent months their demand still isn’t growing enough to …

Continue reading “Tanker News Update 8/7/20”

Capesize rallies further on tighter tonnage

Capesize rates rallied further without any signs of slowdown as the rates chased for new height for the year. Thus, the Capesize 5 time charter average surged by $1,078 day-on-day to $33,760 on Monday, with the curve trending up to highs for July, August, Sept and Q3 contracts. Following the Capesize rally, the Baltic Dry …

Continue reading “Capesize rallies further on tighter tonnage”

FIS Weekly Ferrous Report – profit takers loom as iron ore holds at high level

Ferrous Sector Money Flow: DCE iron ore saw significant money flow in the market and rebounded after a few weeks of consolidation. However during the Asian morning Tuesday iron ore stuck in an RMB 5-7 range again. DCE iron ore index created a gold cross on Monday near-oversold area. The high of the September contract …

Continue reading “FIS Weekly Ferrous Report – profit takers loom as iron ore holds at high level”