Category archives: Products

Daily Capesize Review 13/7/21

Capesize freight rates slumped into losses after some panic selling in the paper market, as freight rates declined in the physical market. The Capesize 5 time charter average, then plunged down by $994 day-on-day to $30,272 on Tuesday, after selling pressure in the paper market. The Baltic Dry Index (BDI) also dropped by 2.18% day-on-day, …

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FIS Fuel Oil Morning Report 14/07/21

At 10:35 am Singapore time (0235 GMT), the ICE September Brent futures contract was down 18 cents/b (0.24%) from the previous close at $76.31/b, while the NYMEX August light sweet crude contract was down 23 cents/b (0.31%) at $75.02/b. Concerns about supply tightness have been heightened by the OPEC+ alliance’s ongoing stalemate over production quotas …

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FIS Morning Report Tanker FFA 14-07-2021

News Headlines: OIL DAYBOOK EUROPE: U.S. Demand Surges to New Heights; EIA Data (Bloomberg) U.S. oil demand has soared to new heights as the nation rebounds from the pandemic, with gasoline and diesel consumption returning to pre-virus levels. A surge in petroleum use for products such as plastic, asphalt, lubricants and other industrial needs is …

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