Category archives: Freight

Daily Capesize Review 21/0/5/21

Capesize freight rates inched up amid bullish sentiment in the paper market, though the physical market remained sluggish. The Capesize 5 time charter average then rose by $959 day-on-day to $32,593 on Friday, as the paper market extended its bullish run. The Baltic Dry Index (BDI) also went up slightly by 1.59% or 45 points …

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FIS Morning Report Tanker FFA 24-05-2021

Return of Ocean Tankers VLCCs dampens tanker market, McQuilling says (Tradewinds) The return on the Ocean Tankers VLCC fleet after the arrest in 2020 is set to depress rates as the freight support from stronger demand will largely be offset by a substantial supply imbalance and the bearish market sentiment is likely to continue into …

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Morning Report Tanker FFA 21/5/21

Technical Analysis: TD3C June 21 Futures (rolling front month) 21/05/21  https://freightinvestorservices.com/blog/td3c-june-21-futures-rolling-front-month-21-05-21/ News Headlines: Benchmark Oil Tanker Rates at 2-Week High, Turn Positive (Bloomberg) TD3C climbed 6.8% to WS 34.58, the biggest move since May 4th     Valero Used Jones Act Waiver for N.Y.-Bound Tanker (Bloomberg) Valero has applied its Jones Act waiver it received …

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Daily Capesize Review 20/5/21

Capesize freight rates continued to gain on improving shipping demand in both basins especially among key routes. The Capesize 5 time charter average then inched up by $242 day-on-day to $31,634 on Thursday, after a volatile session. The Baltic Dry Index (BDI) also went up slightly by 0.82% or 23 points on-day to 2,824 readings, …

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