Category archives: Fuel Oil

Daily Capesize Review 13/12/21

Capesize freight rates softened with holidays season approaching, as market activities slowed down amid thin cargo list. The Capesize 5 time charter average, then decreased by $908 day-on-day to $39,127 on Monday, as holiday moods persisted in the paper market. The Baltic Dry Index (BDI) also dropped by $56, down 1.71% day-on-day, to $3,216, due …

Continue reading “Daily Capesize Review 13/12/21”

Morning Oil Report 13/12/2021

At 10:40 am Singapore time (0240 GMT), the ICE February Brent futures contract was up 84 cents/b (1.12%) from the previous close at $75.99/b, while the NYMEX January light sweet crude contract was 92 cents/b (1.28%) higher at $72.59/b.   Oil prices were climbing in line with other risk assets as investors remained optimistic that …

Continue reading “Morning Oil Report 13/12/2021”

Daily Capesize Review 9/12/21

Capesize freight rates headed southward with losses in both basin as shipping demand cooled off during holiday season. The Capesize 5 time charter average, then decreased by $1,651 day-on-day to $41,379 on Thursday, as market activities slowed down toward year-end. The Baltic Dry Index (BDI) also dropped by $80, down 2.34% day-on-day, to $3,343, due …

Continue reading “Daily Capesize Review 9/12/21”