Category archives: Products

Daily Capesize Review 15/10/21

Capesize freight rates fell in prolonged correction period with bearish market outlooks, amid moderate shipping demand. The Capesize 5 time charter average, then plunged down by $5,764 day-on-day to $64,417 on Friday, following another string of corrections. The Baltic Dry Index (BDI) extended losses and dropped by $208, down 4.11% day-on-day, to $4,854, due to …

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FIS Singapore Iron Ore Derivatives Report 15/10/21

Market Commentary Iron ore futures failed to rally on Friday as investors assessed the gloomy outlook for the demand in China. Soaring energy costs, power curbs put demand at risk. According to data from the World Steel Association, China’s steel demand is now expected to fall by 1% this year instead of increasing by 3%. …

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ENGINE: East of Suez Bunker Fuel Market Update 15/10/21

Bunker prices have risen across East of Suez ports, tracking higher Brent values.   Changes on the day to 16.00 SGT (08.00 GMT) today: • VLSFO prices up in Fujairah ($13/mt), Singapore ($11/mt) and Zhoushan ($3/mt) • LSMGO prices up in Singapore ($11/mt), Zhoushan ($9/mt) and Fujairah ($8/mt) • HSFO380 prices up in Fujairah ($7/mt), …

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ENGINE: Europe & Africa Bunker Fuel Market Update 15/10/21

Bunker prices are mostly moving up with Brent across Europe and Africa, and Gibraltar’s prices have received extra support from tight availability.   Changes on the day to 08.00 GMT today: VLSFO prices up in Gibraltar ($20/mt), Rotterdam ($10/mt) and Durban ($7/mt) LSMGO prices up in Gibraltar ($25/mt) and Rotterdam ($9/mt), and down in Durban …

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