Category archives: Freight

FIS Castaway Podcast Episode 34

FIS Castaway Podcast – Episode 34   End-of-year-feeling in your markets? Longing to get away? Join the team as they wing it and discuss the new Baltic Exchange Air Freight Index on this week’s Castaway.     Listen Below:   Website https://freightinvestorservices.com/blog/fis-castaway-eps-34-unprecedented-coverage-in-unprecedented-times/   Spotify https://open.spotify.com/episode/7r7JbKKTNmQpeixCtny9nY?si=r2XtU0CQQ5SBcuCyFAPnxA   And Itunes  https://podcasts.apple.com/gb/podcast/fis-castaway/id1507094242#episodeGuid=06ee4a8d-2a0f-33eb-1f6b-831061b25ff1       Disclaimer: freightinvestorservices.com/castaway-disclaimer/

Capesize rates dip despite healthy demand from Pacific

Capesize freight rates dipped slightly despite market optimism over flurry of fixtures being done in the Pacific market. Thus, the Capesize 5 time charter average inched down by $25 day-on-day to $11,996 on Tuesday, as market pullback for a slight correction. The Baltic Dry Index (BDI) however, moved flattish and booked a slight gain of …

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European Close 24/11/20

The December Iron ore futures had a bit of a rebound overnight with price closing 1.09% higher. The rebound has been attributed to lower Brazil shipments and Bloomberg intelligence stating that price will likely stay strong before year end, as steel output remains at high levels. Steel margins remain solid and unchanged at CNY 300 …

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Capesize rates receive support from firm market

Capesize freight rates continued to gain upward momentum on improving physical market and market optimism. The Capesize 5 time charter average then inched up by $124 day-on-day to $12,021 on Monday, due to better freight rates in both basins. The Baltic Dry Index (BDI) followed the market positivity and went up by 1.83% or 21 …

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European Close 23-11-20

Steel margins remains supported at CNY 301; however, the iron ore market has now started to come under pressure with yesterday’s futures closing 1.12 % lower at USD 123.35.  Price dropped from a six year high after BHP flagged near-term downside risks to Morgan Stanley at a roundtable last week. BHP cited a rebound in …

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