Category archives: Freight
Panamax July 20 Morning Technical Comment – 240 Min
FIS Supramax Technical Report
FIS Supramax Technical Report To view the full report please click on the link
Iron ore softer as pundits exchange views on supply outlook
Iron ore futures were a touch softer on Wednesday as investors assessed the supply outlook for iron ore following the recent closure of Vale’s Itabria complex. Investors grew concerned over tight supply after Vale was ordered to shut down Itabria, which accounts for over 10% of Vale’s output, in the state of Minas Gerais …
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Oil Through the Looking Glass 10/6/20
The Glut is Back Those of you who have been watching your crude ticker this morning will see many red numbers on the screen. The reason for this has been the switch of sentiment to concerns about oversupply. We have had reports late last night that the API have predicted a large build in US …
Capesize pushes ahead with iron ore rally
Capesize rates continued to push forward with firm iron ore demand that pushed for more shipping activities in the Pacific market. Thus, the Capesize 5 time charter average hiked up by another $310 day-on-day to $8,055 on Tuesday, for the second consecutive day-rise for the week. Following the rally, the Baltic Dry Index (BDI) broke …
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Panamax July 20 Morning Technical Comment – 240
China steel imports boom, exports dip, iron ore softer
Iron ore futures were a touch softer on Tuesday as investors assessed outlook for iron ore. China imported 1.25 million mt of finished steel in May, up 27.2% month-on-month or up 30.3% year-on-year, according to customs data. During the same period, China’s finished steel exports fell by 30.4% month-on-month or 23.4% to 4.4 million …
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Capesize rides along with the iron ore bull run
Capesize rates continued the bullish run over Brazilian supply concerns, while high construction activities in China support iron ore demand. As such, the Capesize 5 time charter average jumped by $438 day-on-day to $7,745 on Monday, after more European players entered the market and pushed up rates. The Baltic Dry Index (BDI) followed the rally …
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