Daily Capesize Review 10/6/21

Capesize freight rates continued to rally on bullish market sentiment of improving demand in the physical market, especially in the Pacific basin. The Capesize 5 time charter average, then went up by $3,407 day-on-day to $24,039 on Thursday, due to firmer rates in both basins. The Baltic Dry Index (BDI) also recorded gains of 7.58% …

FIS Morning Report Tanker FFA 11-06-21

News Headlines: OIL DAYBOOK EUROPE: OPEC+ Buffer Not All It Seems; IEA Report (Bloomberg) As oil demand roars back from the pandemic shock, the world may soon clamor for more crude from OPEC+. But the coalition doesn’t have all the barrels it’s advertising. On paper, the alliance will still have a gigantic 5.8 million barrels …