Category archives: Freight

Daily Capesize Review 22/6/21

Capesize freight rates extended losses after a string of selloff, amid weakening physical market. The Capesize 5 time charter average, then plunged down by $1,409 day-on-day to $31,376 on Tuesday, following another selloff in the paper market. The Baltic Dry Index (BDI) then dropped down by 2.23% day-on-day, down 71 points to 3,119 readings, due …

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FIS Morning Report Tanker FFA 23-06-21

News Headlines: A quarter of older tankers carry sanctions risk (Tradewinds) standard know-your-customer vetting processes shows 25% of tankers 15 years and older are “high risk” for sanctions for involvement in carrying Venezuelan or Iranian crude. Buyers are earning discounts as high as 40% to carry cargoes blacklisted by the US, significantly supporting rates   …

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Daily Capesize Review 21/6/21

Capesize freight rates continued to soften at the start of the week, following the previous slump over bearish market sentiments. The Capesize 5 time charter average, then dropped down by $630 day-on-day to $32,785 on Monday, after a selloff in the paper market. The Baltic Dry Index (BDI) then slipped down by 0.87% on-day, down …

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FIS Morning Report Tanker FFA 22-06-21

News Headlines: OIL DAYBOOK EUROPE: Challenges Growing for Refiners; China Quota (Bloomberg) A key oil refinery for U.S. East Coast consumers is halting operations after escalating environmental scrutiny made it impossible for backers to obtain desperately needed financing. The owners of the Limetree Bay refinery in the U.S. Virgin Islands announced plans Monday to shut …

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