Daily Capesize Review 22/7/21

Capesize freight rates improved due to tightened tonnage over typhoon concerns in the Pacific basin. The Baltic Dry Index (BDI) then increased by 1.47% day-on-day, up 45 points to 3,103 readings, due to the better freight rates.   Limited tonnage over typhoon development off China Market participants expected Typhoon In-Fa to constrain vessel supply in …

Castaway Podcast – Episode 64 22/07/21

    FIS Castaway Podcast – Episode 64 – Ferts Special     We hop into the world of Ferts with our Aussie broker Andrew Manna walking us through this growing market, alongside our usual discussion on Freight, Iron ore and Oil.   Listen Below:   Website https://freightinvestorservices.com/blog/fis-castaway-eps-64/   Spotify https://open.spotify.com/episode/0SVBJEFxmjagzIv011IZ8x?si=dvE08oTzQKCHA0qaGOIhqA&dl_branch=1   iTunes https://podcasts.apple.com/gb/podcast/episode-64-ferts-special/id1507094242?i=1000529571701       …

Daily DCE Review 20/7/21

Iron ore futures closed higher on Tuesday, recovering from the slump yesterday, due to the extended supply tightness situation. The futures of Dalian Commodity Exchange (DCE) for September delivery then went up slightly by 0.28% day-on-day or RMB 3.50 to RMB 1,233/mt during the day trading session on Tuesday. The rebar futures, however inched down …

Daily Capesize Review 19/7/21

Capesize freight rates rebounded from losses amid a short week with holiday in Singapore and market concerns over cyclone development off China. The Capesize 5 time charter average, then rose by $597 day-on-day to $29,139 on Monday, after some improvement in the physical market. The Baltic Dry Index (BDI) then increased by 0.66% day-on-day, up …