Category archives: Freight

FIS Morning Report Tanker FFA 16-06-21

News Headlines: OIL DAYBOOK EUROPE: Top Oil Traders Predict Higher Prices (Bloomberg) The world’s largest independent commodity traders see crude prices rising further as demand keeps growing and supply remains constrained. Yet as top executives from Vitol Group, Trafigura Group and Glencore Plc agreed on oil’s direction, they differed over the size and duration of …

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Daily Capesize Review 15/6/21

Capesize freight rates rallied on more shipping activities as trade participants returned from holidays amid improving demand. The Capesize 5 time charter average, then rose by $1,257 day-on-day to $30,640 on Tuesday, following market optimism on iron ore shipping demand. The Baltic Dry Index (BDI) then went up to a one-month high at 3,025 readings, …

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Daily Capesize Review 14/6/21

Capesize freight rates gained from recent improving shipping demand, despite slow trading activities due to Chinese holidays. The Capesize 5 time charter average, then rose by $1,631 day-on-day to $29,383 on Monday, from a buoyant market which left much room for the physical market to catch up. The Baltic Dry Index (BDI) followed the rally …

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FIS Morning Report Tanker FFA 15-06-21

News Headlines: OIL DAYBOOK EUROPE: Gasoline Underpins Oil’s Recovery in China (Bloomberg) China’s meteoric rebound from the Covid-19 pandemic has been a source of strength for global oil demand, and a close look at domestic trends reveals that cars have underpinned the recovery.     Supertanker Booked at $36,000 per Day: BNEF Time Charter Tracker …

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