Category archives: Freight

Daily Capesize Review 27/0/5/21

Capesize freight rates continued to drop fast due to poor shipping fundamentals despite healthy demand in the Pacific market. The Capesize 5 time charter average then dropped by $1,686 day-on-day to $27,934 on Thursday, despite some market talks of blockade lifting in Bolivar that resulted in some late upticks in trading. The Baltic Dry Index …

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FIS Morning Report Tanker FFA 28-05-21

News Headlines: OIL DAYBOOK EUROPE: OPEC+ Seen Boosting July Supply; China Bets (Bloomberg) — OPEC and its allies are expected to reaffirm plans to boost oil output when they meet next week, restoring more of the supply halted during the pandemic. Most analysts and traders surveyed by Bloomberg predicted that OPEC+ will ratify an increase …

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Daily Capesize Review 26/0/5/21

Capesize freight rates reversed into downtrend, due to thin market activities following the short working week paused by holidays in Asia and Europe. The Capesize 5 time charter average then dropped by $1,434 day-on-day to $29,620 on Wednesday, after a selloff in the market. The Baltic Dry Index (BDI) also dipped down by 1.96% or …

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FIS Morning Report Tanker FFA 27-05-21

News Headlines: Lowest gasoline inventories in 30 years await U.S. motorists this June (Bloomberg) Even with days to go before motorists take to the highways for Memorial Day sojourns, gasoline inventories are the tightest they’ve been in years, partly because refiners curbed output for months to cope with the pandemic-driven demand slump.     API …

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