Daily Capesize Review 30/6/21

Capesize freight rates reversed into losses in the volatile market, as the physical market lost steam toward the month-end. The Capesize 5 time charter average, then dropped by $1,695 day-on-day to $32,604 on Wednesday, after a choppy market to a start of the new month. The Baltic Dry Index (BDI) also dipped down by 1.02% …

FIS Morning Report Tanker FFA 01-07-21

News Headlines: OIL DAYBOOK EUROPE: OPEC+ Ministers Meet to Debate Output Hike (Bloomberg) OPEC+ ministers will meet later on Thursday to decide whether to hike output in August or September, or hold off for a while longer. While Russia is leaning toward opening the taps, Saudi Arabia is sounding cautious. Shale Will Wait for OPEC …