Daily Capesize Review 14/4/21

Capesize freight rates continued to rise despite mixed market movement between the paper and physical market. The paper market was pushing for greater height, while the physical market took a breather from flurry of fixtures done previously. The Baltic Dry Index (BDI) also rallied by 1.78% or 38 points to 2,178 readings, due to record-high …

FIS Fuel Oil Morning Report 15/04/2021

Brent crude was down by 21 cents, or 0.3%, at $66.37 a barrel by 0129 GMT pushing up to 66.61 by 0630GMT, after gaining 4.6% on Wednesday and closing at the highest since March 17. U.S. West Texas Intermediate futures dropped 25 cents, or 0.4%, to $62.9 a barrel, having risen 4.9% in the previous …

Daily Capesize Review 13/4/21

Capesize freight rates rose on strong physical fixtures in both basins, despite some weakening in the FFA market. The Capesize 5 time charter average then inched up slightly by $79 day-on-day to $26,055 on Tuesday, after some profit-takings in paper market. The Baltic Dry Index (BDI) however, dipped on softening smaller vessels rates and went …

FIS Fuel Oil Morning Report 14/04/21

Brent crude futures rose 42 cents, or 0.6%, to $64.09 a barrel at 0421 GMT, after gaining 39 cents on Tuesday. U.S. West Texas Intermediate (WTI) crude futures added 40 cents, or 0.7%, to $60.58 a barrel, following Tuesday’s rise of 48 cents.   API Crude -3.608 Cushing +0.917M Gasoline +5.565M Distillate -3.006M   API …

FIS Castaway Podcast – Episode 50 13/04/21

FIS Castaway Podcast – Episode 50 In our 50th episode, we look at the market movements in the year since we started, as well as updates on dry freight, iron ore, tanker and oil markets, plus info on the transition to Panamax 5TC contracts. Listen Below: Website https://freightinvestorservices.com/blog/31469/   Spotify https://open.spotify.com/episode/4MOJ5pYtCjz6tSP33h0Tkt?si=BlB5wvfWQpCBB06cHjCZ_g   iTunes https://podcasts.apple.com/gb/podcast/episode-50/id1507094242?i=1000516940096 Disclaimer: This podcast …