Category archives: Fuel Oil

Capesize rates rise despite volatile market

Capesize freight rates gained further on improving physical demand toward the year end, despite some market volatility. The Capesize 5 time charter average rose by $800 day-on-day to $14,943 on Friday, with good volume being changed hands especially for the Cal 21 and Cal 22 contracts. The Baltic Dry Index (BDI) then went up higher …

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Morning Oil Report 18/12/20

U.S. West Texas Intermediate (WTI) crude futures slipped 17 cents or 0.4%, to $48.19 a barrel at 0513 GMT, while Brent crude futures fell 26 cents, or 0.5%, to $51.24 a barrel. The price of oil trades to a fresh monthly high ($48.80) as fresh data prints coming out of the US instill an improved …

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Capesize rates march on with firmer Atlantic market

Capesize freight rates continued its upward momentum on improving shipping demand in the physical market, especially in the Atlantic market. The Capesize 5 time charter average then went up by $317 day-on-day to $14,143 on Thursday, buoyed by market talks of miners seeking for tonnage bullishly in near term. The Baltic Dry Index (BDI) also …

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