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Category archives: Freight
Capesize – a brief history of volatility
We know for certain Trump is ‘not happy’, as he announced this to the world this week, when referencing Beijing’s move to impose national security legislation on Hong Kong. Trump has announced he will announce new U.S. policies on China today; this is making global markets jittery, something the world does not need …
Ship Shape: The End of the Road
One thing that has confusingly held true up to now was that, against all the trends of many other commodities and market, iron ore kept on rising. It has been the black sheep of the markets, standing there, teeth gritted, weathering the storm that had swept away many other markets. However, just as other markets …
Shine, shine, shine a light
We are seeing History in the making when the European Union announced its 750 billion- Euro ($824 billion) recovery package, aimed at boosting economic growth and creating a swathe of new jobs. The capital injection will have global financial markets breathing a sigh of relief, following the commitment from China at the Two Session to …
Iron ore futures surge as inventories dive
Iron ore futures advanced again on Thursday amid ongoing supply concerns from Brazil. Brazilian miner Vale is the subject of an anti-corruption lawsuit; with the company alleged to have hindered inspections at the site of a dam that was collapsed early last year. Furthermore, it was reported that there had been a sudden …
Continue reading “Iron ore futures surge as inventories dive”
Supramax June 20 Morning Technical Comment – 240 Min
https://freightinvestorservices.com/wp-content/uploads/2020/05/FIS-Morning-Technical-Supramax-28-05-20.pdf
Capesize suffers from oversupply
Capesize market came under pressure again amid bearish market sentiment for June. Thus, the Capesize 5 time charter average went below $4,000 level again, after a drop of $334 to $3,786 on Wednesday. The volatile bunker market did not help to support the freight rates and thus the Baltic Dry Index went downhill by 0.79% …
Panamax June 20 Morning Technical Comment – 240 Min
Capesize June 20 Morning Technical Comment – 240 Min
https://freightinvestorservices.com/wp-content/uploads/2020/05/FIS-Morning-Technical-Capesize-28-05-20.pdf
API v EIA – quick on the draw?
The predicted rise in US stock levels have dragged down markets further this morning, continuing losses and putting prices ever closer to the $30 mark again. Data from U.S. industry group API predicts crude stocks rose by 8.7 million barrels in the week to May 22, compared with analysts’ expectations for a draw of …