FIS Castaway Podcast – Episode 71 08/09/21

    FIS Castaway Podcast – Episode 71   Where will these markets go? Freight, iron ore and oil get the technical treatment, with our Senior Technical Analyst Ed Hutton in this week’s podcast.     Listen Below:   Website – https://freightinvestorservices.com/blog/fis-castaway-eps-71/   Spotify – https://open.spotify.com/episode/3q2iLyHcb4DkxZVE7BBz75?si=P1I8wE9qQs-dfiSI9AjMuw&dl_branch=1   iTunes – https://podcasts.apple.com/gb/podcast/episode-71/id1507094242?i=1000534685465           Disclaimer: This …

Daily Capesize Review 7/9/21

Capesize freight rates slid downward on lower bookings, despite active fixtures as freight market headed for more corrections. The Capesize 5 time charter average, then dropped by $2,245 day-on-day to $42,220 on Tuesday, after a volatile market. The Baltic Dry Index (BDI) then fell by $115, down 3.01% day-on-day, to $3,707, due to softening freight …

Daily Capesize Review 6/9/21

Capesize freight rates continued to decline further over concerns over cargo demand and slow shipping activities. The Capesize 5 time charter average, then dropped by $2,182 day-on-day to $44,465 on Monday, after a choppy market. The Baltic Dry Index (BDI) then fell by $122, down 3.09% day-on-day, to $3,822, due to softening freight rates.   …

Daily Capesize Review 3/9/21

Capesize freight rates declined on slower market activities especially in the Pacific market, despite a firm Atlantic market. The Capesize 5 time charter average, then dropped by $760 day-on-day to $46,647 on Friday, amid a volatile paper market. The Baltic Dry Index (BDI) then fell by $57, down 1.42% day-on-day, to $3,944, as market sentiments …

Daily Capesize Review 2/9/21

Capesize freight rates rebounded from previous slump, as tonnage list was shortened with better shipping demand. The Capesize 5 time charter average, then rose by $420 day-on-day to $47,407 on Thursday, as market sentiments improved. The Baltic Dry Index (BDI) however, dropped by $12, down 0.30% day-on-day, to $4,001, due to softening freight rates.   …