Capesize freight rates rallied on stronger bunker prices and led by stronger Panamax segment that improved market sentiment. The Capesize 5 time charter average then rose sharpy by $1,857 day-on-day to $12,314 on Tuesday, due to bullish market sentiment on post-holiday demand. The Baltic Dry Index (BDI) also hiked up on better freight rates from …
Category archives: Products
Supramax & Handysize FFA Daily Report 16/02/21
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Capesize & Panamax FFA Daily Report 16/02/21
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European Close 16/02/21
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London Coking Coal Market Report 16/02/21
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London Iron Ore Market Report 16/02/21
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Fuel Oil Daily Evening Report 16/02/21
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Oil Through the Looking Glass 16/2/21
Oil ‘Supercycle’ Predictions Divide Veteran Traders The two biggest Wall Street banks have now come out and said that commodities are in a ‘supercycle’ with rates in oil potentially reaching up to $100 per barrel as the pandemic begins to come under control in many nations across the globe. The levels would be the highest …
Steel & Scrap Morning Report 16/02/21
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Fuel Oil Morning Report 16/02/21
Good morning, Brent crude was up 35 cents, or 0.6%, at $63.65 a barrel at 0434 GMT, after rising to its highest since January 2020 in the previous session. U.S. West Texas Intermediate (WTI) crude futures gained 82 cents, or 1.4%, to $60.29 a barrel. WTI did not settle on Monday because of a …