Daily Capesize Review 4/3/21

Capesize freight rates stabilized and took a breather, after recent rally with market talks of super cycle. The Capesize 5 time charter average then slipped slightly by $36 day-on-day to $13,874 on Thursday, due to the market volatility. The Baltic Dry Index (BDI) continued to rally on the strength of smaller vessel and gained slightly …

Daily Capesize Review 3/3/21

Capesize freight rates jumped on bullish market sentiment with supports from physical fixtures on key trading routes. The Capesize 5 time charter average then gained for the second consecutive days by $1,758 day-on-day to $13,910 on Wednesday, with better market positivity in March contracts. The Baltic Dry Index (BDI) also rallied on better freight rates …

FIS Fuel Oil Morning Report 04/03/21

Brent crude futures added 53 cents, or 0.8%, to $64.60 a barrel, as of 0553 GMT, after climbing more than 2% on Wednesday. U.S. West Texas Intermediate (WTI) crude futures gained 46 cents, or 0.8% to $61.74 a barrel.   EIA week ending 2/26 Crude oil: +21.6M Gasoline: -13.6M Distillates: -9.7M Refiner utilz: 56.0% Impld …

FIS Castaway Podcast – Episode 44

FIS Castaway Podcast – Episode 44    Don’t get caught napping on China’s 5 year plans, OPEC meeting and commodity market movements. Listen this this week’s podcast where we update you on iron ore, steel, freight and oil markets     Listen Below:   Website https://freightinvestorservices.com/blog/fis-castaway-eps-44-unprecedented-coverage-in-unprecedented-times/   Spotify https://open.spotify.com/episode/39jPLg2bncGZoilLeOi32A?si=sD5N7uoqRaS2EnhGeiCSWA   And Itunes https://podcasts.apple.com/gb/podcast/episode-44/id1507094242?i=1000511419554     Disclaimer: This …

FIS Fuel Oil Morning Report 03/03/21

U.S. West Texas Intermediate (WTI) crude futures rose 18 cents, or 0.3%, to $59.93 a barrel by 0356 GMT, recovering from three days of losses. Brent crude futures rose 29 cents, or 0.46%, to $62.99 a barrel, up from four days of losses. Both futures had dipped in Asia’s early morning trading. Both markers have …