Category archives: Freight

Daily Capesize Review 1/6/21

Capesize freight rates rebounded from previous losses and holidays lull, as the improving Pacific basin offered market supports. The Capesize 5 time charter average, however still fell by $582 day-on-day to $25,032 on Tuesday, despite the rebound as more trade participants returned from holiday period. The Baltic Dry Index (BDI) then fell by 1.08% or …

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FIS Morning Report Tanker FFA 02-06-21

News Headlines: OIL DAYBOOK EUROPE: OPEC+ Gives Little Away; Iran Talks Extended (Bloomberg) OPEC+ left crude consumers in limbo, sticking to its plan of monthly output increases until July but refused to give any hints about further moves until there’s clear evidence more oil is needed.     (Saudi Up 500,000 Barrels a Day; China …

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Daily Capesize Review 28/5/21

Capesize freight rates plunged as the physical market came under pressure and resulted a selloff in the paper market. The Capesize 5 time charter average then fell by $2,320 day-on-day to $25,614 on Friday, following the selloff. The Baltic Dry Index (BDI) also dropped down by 3.42% or 92 points on-day to 2,596 readings, due …

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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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