This week geopolitics takes centre stage as the team discuss escalating China-US tensions weighing on markets, along with outlining current market trends in all of FIS’s markets. Available now on the FIS website (www.freightinvestorservices.com/media ) Spotify https://open.spotify.com/show/7yMLsm5s8tLtrCQr7bG8wD?si=FW6Rvj9HRjClAx3vRjq8iw And Apple https://podcasts.apple.com/sg/podcast/fis-castaway/id1507094242 Disclaimer: This podcast is a marketing communication and is not based upon detailed analysis …
Tag archives: DF
Capesize rates brace for sharp rebound amid new Covid-19 wave
It was a choppy day for the Capesize rates as some market participants were concerned over a new wave of Covid-19 that might delay vessel schedules. However, the paper market is expected to make a sharp rebound with front end futures nearly up by $2,000 on Wednesday, following by increase of $1,500 on Tuesday, especially …
Continue reading “Capesize rates brace for sharp rebound amid new Covid-19 wave”
Freight Intraday Morning Technical
Capesize rates correct further on bearish outlook
Capesize rates resumed its correction phrases for the short week with Singapore on public holiday at Friday. The Capesize 5 time charter average then dropped further by $270 day-on-day to $17,014 on Monday, after a sluggish start of the short trading week. Likewise, the Baltic Dry Index (BDI) slipped 1.82% day-on-day to 1,293 readings on …
Continue reading “Capesize rates correct further on bearish outlook”
Freight Intraday Morning Technical
The ‘New-COVID’ Economy
US-China trade tension and rising COVID-19 infections have resulted in negativity creeping into the iron ore market, the greenback, and European shares. The global outlook is being shaken by the threat of a second European wave and a continued rise of infection levels in the US. The uncertainty has seen gold rally to an all-time …
Capesize rates spiral downward on supply glut
Capesize rates continued its downward movement due to muted market in both basin and fell further away from the $20,000 level. Thus, the Capesize 5 time charter average came under selling pressure and recorded at $17,284, down $1,258 day-on-day on Friday. The Baltic Dry Index (BDI) did not fared better as well and continued the …
Continue reading “Capesize rates spiral downward on supply glut”
Freight Intraday Morning Technical
Capesize rate plunges below $20,000 level on soft shipping demand
Capesize rates came under the $20,000 level and quick fashion after softening demand in both the Pacific and Atlantic markets. As such, the Capesize 5 time charter average plunged further by $1,578 day-on-day to $18,542 on Thursday. Following the tumble, the Baltic Dry Index (BDI) dropped by 5.77% day-on-day to 1,388 readings, reflecting the weakness …
Continue reading “Capesize rate plunges below $20,000 level on soft shipping demand”
Ship Shape – Global Boom or Global Bust?
The Battle of Marathon, the Sacking of Rome, Einstein developing his theory of General Relativity, the Great Depression, The Second World War, the birth of John B, the launch of the PlayStation 2. All are seismic events that have forged and influenced human history. These and so many other events had a profound effect on …