Category archives: Freight

Tanker News Update 18/11/20

*TD3C Choices*   During the start of September we saw TD3C spot levels break through the floor of ws30 for the first time in 5 years, where it reached a yearly low at ws24.75 on (04/09). Over 2 months on from this date, there has been little change with spot printing on Tuesday (17/11) at …

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Capesize rates move in mixed directions

Capesize freight rates dipped slightly on a mixed market with vessels oversupply in the Atlantic, while some improvement were seen in the Pacific basin. Thus, the Capesize 5 time charter average slipped slightly by RMB 253 day-on-day to $12,029 on Tuesday, after a late selling spree in the weak Atlantic fixtures. The Baltic Dry Index …

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European close

As expected, the iron ore market has traded up to new highs today with the DCE futures trading up to 861.5 and the Dec offshore trading to a high of USD 122.99. Iron ore is following the steel Rebar that continues to push higher on strong industrial and property data with output in October remaining …

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RCEP agreement fails to support Capesize market

Capesize freight rates continued to correct on softening physical market for a slow start to the week. The Capesize 5 time charter average then dipped by RMB 216 day-on-day to $12,282 on Monday, amid thin market activities with public holidays in Singapore and India. The Baltic Dry Index (BDI) also fell slightly by 0.36% or …

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