Category archives: Fuel Oil

Daily Capesize Review 1/3/22

Capesize freight rates improved, being driven by bunkers and the T/Cs amid market uncertainty over the Russia-Ukraine conflict and its impact on the market. The Capesize 5 time charter average, then rose by $605 day-on-day to $14,019 on Tuesday, after a cautiously bullish market. The Baltic Dry Index (BDI) also increased by $29 day-on-day, or …

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A Room with a Technical View 01/03/22

  Capesize March Futures – We highlighted last week that USD 21,382 was the key resistance to follow as price remained vulnerable below this level. The futures traded to a high of USD 21,250 before entering a corrective phase. The move lower was driven be outside events after Russia invaded the Ukraine, resulting in the …

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