Daily Capesize Review 7/4/21

Capesize freight rates rose on better shipping demand in both basins and firm market outlook for Q2. The Capesize 5 time charter average then increased by $1,506 day-on-day to $22,468 on Wednesday, with May and June contracts jumping over $25,000/day levels. The Baltic Dry Index (BDI) also went up by 1.67% or 35 points to …

FIS Fuel Oil Morning Report 08/04/2021

At 11 am Singapore time (0300 GMT), the ICE Brent June contract was down 33 cents/b (0.52%) from the April 7 settle at $62.83/b, while the May NYMEX light sweet crude contract fell 37 cents/b (0.62%) to $59.40/b.   EIA week ending 4/2 Crude oil: -3.5M Gasoline: +4.0M Distillates: +1.5M Refiner utilz: 84.0% Impld mogas …

FIS Castaway Podcast – Episode 49 07/04/21

    FIS Castaway Podcast – Episode 49   Post Easter trading regrets? Don’t worry, get an update on what’s happening in the Freight, Iron Ore and Oil markets on this week’s podcast.   Listen Below:   Website https://freightinvestorservices.com/blog/fis-castaway-eps-49/   Spotify https://open.spotify.com/episode/2SootYMgBfXagWDL5Um0YJ?si=t1roN1z_RmWdlq_LVdx4kA   iTunes https://podcasts.apple.com/gb/podcast/episode-49/id1507094242?i=1000516140468       Disclaimer: This podcast is a marketing communication and is …

Daily Capesize Review 6/4/21

Capesize freight rates continued to rise with the return of trade participants from holidays and on firmer shipping fundamentals. The Capesize 5 time charter average then increased by $1,109 day-on-day to $20,962 on Tuesday, after a buying spree in the trading session. The Baltic Dry Index (BDI) also hiked up slightly by 0.97% or 20 …

FIS Fuel Oil Morning Report 07/04/21

Brent crude futures for June rose by 34 cents, or 0.5%, to $63.08 a barrel by 0123 GMT before softening by 0730 to $62.78 while U.S. West Texas Intermediate crude for May was up 32 cents, or 0.5%, to $59.65.   API Crude -2.618M Cushing -0.840M Gasoline +4.553M Distillate +2.810M   Following the release of …