FIS API Blog
The Quiet Before the Storm As thunder and lightning rages around the British Isles, you can’t help but draw a parallel with global markets. As we come towards the end of summer, having had what little respite we have been allowed with lockdown measures, the low activity and pause for many markets may now …
Continue reading “Ship Shape – FIS Commodity Weekly 14/8/20”
Capesize rates firmed on better market sentiments with freight rates getting some support from the port congestion situation in China. Thus, the Capesize 5 time charter average inched up by $135 day-on-day to $19,339 on Wednesday, with a late rally in Sep and Q4 contracts that added to bullish market tone. Thus, the Baltic Dry …
Continue reading “Capesize rates getting support from port congestion”
Capesize rates continued to move at downtrend manner amid the short trading week with muted physical activities. The Capesize 5 time charter average then dropped by $493 day-on-day to $19,204 on Tuesday, despite some showing some strength at late afternoon session. The Baltic Dry Index (BDI) still reflected some strength in the dry bulk market …
Continue reading “Capesize rates move slowly amid thin market activities”
Capesize rates slipped on the short week, with public holidays in Singapore and Greece that affected shipping activities. The Capesize 5 time charter average thus dipped by $215 day-on-day to $19,697 on Monday, in view of lacklustre physical market. Despite the weakness of Capesize, the Baltic Dry Index (BDI) gained slightly by 0.33% day-on-day to …
Continue reading “Slow start to Capesize in view of holidays”
