European Close 18/11/20

Iron ore futures continue to trade at new highs signaling the market trend remains bullish. Demand remains resilient whilst we are seeing a decline in steel inventories by 178,400 tons (MySteel), this is following the strong industrial and property data from yesterday.   The fundamental continues to support the market with futures trading up to …

FIS Castaway Podcast Episode 33

FIS Castaway Podcast – Episode 33   China’s coal imports continue to fall along with Cape freight, while oil and iron ore push, and the Baltic launches a new airfreight index – we discuss it all on Castaway this week along with our award winning app!   Listen Below:   Website https://freightinvestorservices.com/blog/fis-castaway-eps-33-unprecedented-coverage-in-unprecedented-times/   Spotify https://open.spotify.com/episode/76K7aj5UJa3WRgHct5v1zM   …

Tanker News Update 18/11/20

*TD3C Choices*   During the start of September we saw TD3C spot levels break through the floor of ws30 for the first time in 5 years, where it reached a yearly low at ws24.75 on (04/09). Over 2 months on from this date, there has been little change with spot printing on Tuesday (17/11) at …