Daily Capesize Review 12/11/21

Capesize freight rates slipped up after recent improvement, amid limited shipping activities in both basins. The Capesize 5 time charter average, then inched down by $298 day-on-day to $31,811 on Friday, amid a choppy session. The Baltic Dry Index (BDI) then dropped by $37, down by 1.30% day-on-day, to $2,807, due to softening freight rates. …

Iron Ore DCE Jan Daily Technical Review 12/11/21

Verdict – Short-term neutral. DCE iron ore Jan22 gave back most of gains created by yesterday, and returned to a narrower consolidation range. The intra-day low was higher than last low, as well as the afternoon trading volume on Jan22 contract was extremely small compared to previous days of the week, which indicated market was …

Daily Virtual Steel Mill Report 12/11/21

Market Verdict on Iron Ore: ·         Neutral. Macro ·         The European Commission raised its inflation outlook for the euro area this year and next year, which is expected to be 2.4% and 2.2% respectively, but it is expected that inflation in the euro area will slow significantly to 1.4% in 2023, lower than the 2% …

Supramax and Handy FFA Report 12/11/21

Please click below to view the report         Index Report below           For more information please contact FIS info@freightinvestor.com London +44 (0) 207 090 1120 Singapore +65 6535 5189 Dubai + 971 4 449 3900 Shanghai: +86 21 6335 4002 US (CT): +1 203 325 8004 US (FL): …

Cape and Panamax FFA Report 12/11/21

Please click below to view the report         Index Report below           For more information please contact FIS info@freightinvestor.com London +44 (0) 207 090 1120 Singapore +65 6535 5189 Dubai + 971 4 449 3900 Shanghai: +86 21 6335 4002 US (CT): +1 203 325 8004 US (FL): …

ENGINE: Americas Bunker Fuel Market Update 12/11/21

Bunker prices have mostly been rangebound in the Americas, and while VLSFO is widely available for prompt delivery dates in Houston and Los Angeles, their prices have gained against several other ports.    Changes on the day to 09.30 CST (14.30 GMT) today:  VLSFO prices up in Los Angeles ($9/mt), Houston ($5/mt) and Balboa ($3/mt), …