Category archives: Freight

Daily Capesize Review 26/0/5/21

Capesize freight rates reversed into downtrend, due to thin market activities following the short working week paused by holidays in Asia and Europe. The Capesize 5 time charter average then dropped by $1,434 day-on-day to $29,620 on Wednesday, after a selloff in the market. The Baltic Dry Index (BDI) also dipped down by 1.96% or …

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FIS Morning Report Tanker FFA 27-05-21

News Headlines: Lowest gasoline inventories in 30 years await U.S. motorists this June (Bloomberg) Even with days to go before motorists take to the highways for Memorial Day sojourns, gasoline inventories are the tightest they’ve been in years, partly because refiners curbed output for months to cope with the pandemic-driven demand slump.     API …

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FIS Castaway Podcast – Episode 26/05/21

    FIS Castaway Podcast – Episode 56   Scrap your friends and listen to this week’s podcast – Volatility in oil and freight, collapsing iron ore, and we take an in depth look at CME and LME steel and scrap contracts, as well as the upcoming SGX Shanghai rebar contract.     Listen Below: …

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FIS Morning Report Tanker FFA 25-05-21

News Headlines: OIL DAYBOOK EUROPE: China Set to Buy More Russian Crude; Iran (Bloomberg) China’s growing appetite for oil is poised to lure crude from Russia’s western ports after a months’-long slump as the cargoes once again compete with Middle East supplies favored by Asia’s refineries.     Three Tanker Stocks Upgraded as Evercore ISI …

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