Category archives: Fuel Oil

Capesize rates move slowly prior to holiday season

Capesize freight rates managed to book slight gain, despite the shipping market slowed down due to the upcoming holiday season. The Capesize 5 time charter average inched up slightly by $142 day-on-day to $15,085 on Monday, due to thinner market volumes and rangebound activity. The Baltic Dry Index (BDI), however dropped slightly by 0.15% or …

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Morning Oil Report

The fast-spreading new coronavirus strain has shut down much of Britain and has prompted several countries to close their borders to British travellers and freight. Brent crude futures were down 54 cents, or 1.1% to $50.37 a barrel at 0531 GMT before falling to $49.60 at 0700GMT, while U.S. West Texas Intermediate (WTI) crude futures …

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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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