Category archives: Freight

FIS Castaway

Episode 16 is all about cross commodities. Alistair Pettey, the new head of FIS’s cross commodity execution desk joins Chris, Alex and Tom to discuss new developments as well as the usual markets updates. Available now on the FIS website (www.freightinvestorservices.com/media ) Spotify https://open.spotify.com/show/7yMLsm5s8tLtrCQr7bG8wD?si=FW6Rvj9HRjClAx3vRjq8iw And Apple https://podcasts.apple.com/sg/podcast/fis-castaway/id1507094242  

Capesize rates spiral down from supply buildups

Capesize rates continued its downward slide as supply buildups, while shipping demand remained yet to be seen in the market. Following the decline, the Capesize 5 time charter average dived down by $1,402 day-on-day to $25,562 on Tuesday. Likewise, the Baltic Dry Index (BDI) continued to descend and dropped by 2.79% day-on-day at 1,742 readings. …

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Tanker News Update 15/7/20

*Could There be Another Storage Boom* As the independent teapot refineries in the Chinese Shandong region increase their run rate, storage is once again reaching its limit. This greater run rate, is in attempt to de-congest the multiple VLCC’s waiting to discharge in Chinese waters. Demand for refined product is slowly starting to come online, …

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Iron ore futures firmer as Australian volumes surge

Iron ore futures advanced on Tuesday on renewed optimism over a swift economic recovery in China and hopes for further demand after the rainy season.   The world’s biggest steel producer brought in 101.68 million tonnes of iron ore last month, surging from 87.03 million tonnes in May, data from the General Administration of Customs …

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FIS Weekly Ferrous: iron ore neutral but risk remains

Ferrous Sector Money-flow: The previous weekly report gave seven weeks of short-run consolidation from the end of May when seeing the open interest peak for DCE market.   However market was strong by the first half of July. Open interest indicated most of the push was due to exit of shorts and re-entry as new …

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