Category archives: Fuel Oil

Daily Capesize Review 12/4/21

Capesize freight rates rose on bullish market outlook, with firm physical market supported by slight uptick in bunker prices. The Capesize 5 time charter average then rose by $2,065 day-on-day to $25,976 on Monday, as traders hurried to short cover at the start of the week. The Baltic Dry Index (BDI) also hiked up on …

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FIS Fuel Oil Morning Report 13/04/21

Brent crude oil futures were up 31 cents, or 0.5%, at $63.59 a barrel by 0356 GMT while U.S. crude oil futures gained 28 cents, or 0.5%, to $59.98 a barrel.   Robust data coming from China regarding their imports and export data gave oil prices some support overnight, with its imports growing to the …

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Daily Capesize Review 9/4/21

Capesize freight rates rallied on better shipping demand, especially with more cargoes coming from the Atlantic market. The Capesize 5 time charter average then rose by $1,037 day-on-day to $23,911 on Friday, due to market optimism for Forward Freight Agreement (FFA). The Baltic Dry Index (BDI), however, dipped slightly after recent rally and went down …

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