Category archives: Freight

Daily Capesize Review 7/6/21

Capesize freight rates continued to soften from the sluggish physical market due to poor shipping fundamentals. The Capesize 5 time charter average, then dropped by $475 day-on-day to $20,458 on Monday, after a lacklustre trading session. The Baltic Dry Index (BDI) also fell further by 0.41% or 10 points on-day to 2,428 readings, due to …

Continue reading “Daily Capesize Review 7/6/21”

FIS Morning Report Tanker FFA 08-06-21

News Headlines: OIL DAYBOOK EUROPE: Busy Traffic Activity; BP Sees Strong Demand (Bloomberg) Traffic in 15 European cities was as busy as in 2019 for the first time since the pandemic began, according to data from TomTom NV. BP Expects Strength in Global Oil Demand to Last, CEO Says   TANKER WEEKLY WRAP: Iraq, Saudi, …

Continue reading “FIS Morning Report Tanker FFA 08-06-21”

Daily Capesize Review 4/6/21

Capesize freight rates softened amid thin physical activities and bearish shipping demand outlook, especially in the Atlantic basin. The Capesize 5 time charter average, then plunged down further by $1,169 day-on-day to $20,933 on Friday, from further selloff in paper market. The Baltic Dry Index (BDI) also dropped further by 1.38% or 34 points on-day …

Continue reading “Daily Capesize Review 4/6/21”