Tag archives: CS

Ship Shape: The Good, The Bad, and The Ugly

As we enter the second half of October, with the darker evenings drawing in, minds will be focusing in on the end of the year and the start to another. It leaves us asking questions about where we are, what might happen and who that’s good or bad for. Or in the style of the …

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FIS Weekly Ferrous Report: Iron ore in a short-run bearish trend

Money Movement. According to China commodity exchange statistics, agricultural sector money inflow increased 14.99% in the days before Golden Week. The industrial sector increased 23.99%, the petrochemical sector contributed most, up 38.3%. The ferrous sector was up 16.88% over the same period, underperforming other industrial sectors including non-ferrous. Within the ferrous sector, iron ore money …

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Capesize rates under pressure from selloff

Capesize freight rates came under pressure in both basins with more selloffs in the paper market amid the soft physical market. The Capesize 5 time charter average dropped by $1,550 day-on-day to $18,402 on Monday, as the FFA touched new lows in the morning session of $15,950 for Nov contract, then $15,000 for Dec contract …

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Capesize & Panamax FFA Daily Report

Please click below to view the report           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 (KS): …

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Capesize rates plunge on thin market activity

Capesize freight rates were subdued toward the end of the week, following the selloff in paper markets and thin physical market. The Capesize 5 time charter average dropped by $1,785 day-on-day to $19,952 on Friday, as the physical market showed no signs of improvement. Due to weak freight market, the Baltic Dry Index (BDI) plunged …

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Capesize rates drop on weak shipping fundamentals

Capesize freight rates continued to decline further due to aggressive selloff in paper market and bearish sentiment in the physical market. The Capesize 5 time charter average fell by $1,568 day-on-day to $21,737 on Thursday, as buyers retreated from the market, while sellers chased it lower. As such, the Baltic Dry Index (BDI) then fell …

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Capesize rates slide on bearish physical market

Capesize freight rates headed down the curve, after another round of discounting in both basins, without much improvement in the physical market. The Capesize 5 time charter average fell by $2,192 day-on-day to $23,305 on Wednesday, due to bearish sentiment on the physical side. With freight rates dropping everywhere, the Baltic Dry Index (BDI) then …

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