Category archives: Freight

Capesize rates slip into red from selloff

Capesize freight rates plunged after a selloff as market sentiment turned bearish with few fixtures done at lower rates. Thus, the Capesize 5 time charter average fell by RMB 1,402 day-on-day to $13,379 on Wednesday, as the 5TC index lost around 10% at one point before much stabilization later. The Baltic Dry Index (BDI) then …

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European Close

Upside price action is slowing down on the offshore futures in iron ore. The daily candlesticks are decreasing in size warning that momentum is slowing based on price . However, the trend remains bullish with the evening session trading up to USD 121.15. Steel production remains strong whilst exports are down 6 million tonnes on …

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FIS CASTAWAY – EPISODE 32

Join this week’s Election Special on Castaway as the team discuss the implications of a Biden Presidency, a Vaccine, and more on our commodity markets.     Website https://freightinvestorservices.com/blog/fis-castaway-eps-32-unprecedented-coverage-in-unprecedented-times/   Spotify https://open.spotify.com/episode/0Mr0kLung0jCaKA6bthcPN?si=3kIVEtI5RS-R54fQjPDw3Q   And Itunes  https://podcasts.apple.com/gb/podcast/fis-castaway/id1507094242#episodeGuid=239ed13a-c739-ef73-b126-1ba2480ae67d     Disclaimer: This podcast is a marketing communication and is not based upon detailed analysis by Freight Investor (FIS) …

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