FIS Fuel Oil Morning Report 19/03/21

U.S. West Texas Intermediate (WTI) crude fell 4 cents, or 0.07%, to $59.96 a barrel by 0552 GMT. Brent crude was down 10 cents, or 0.16%, to $63.18 a barrel. After what seemed to be a huge correction, with brent falling off by over 8% on Thursday’s trading.  Oil had edged up in Asia’s morning …

Daily Capesize Review 18/3/21

Capesize freight rates continued to rally on better physical demand with firm support from smaller vessels. The Capesize 5 time charter average then increased by $942 day-on-day to $18,873 on Thursday, despite some profit-takings during the trading session. The Baltic Dry Index (BDI) also hiked up higher by 5.23% or 110 points to 2,215 readings, …

FIS Fuel Oil Morning Report 18/03/21

Brent crude was down 37 cents, or 0.5%, at $67.63 a barrel by 0535 GMT after dropping 0.6% on Wednesday. U.S. oil was also down 32 cents, or 0.5%, at $64.28 a barrel, having fallen 0.3% the previous session.   EIA week ending 3/12 Crude oil: +2.4M Gasoline: +0.5M Distillates: +0.3M Refiner utilz: 76.1% Impld …

Daily Capesize Review 17/3/21

Capesize freight rates kept up the positive momentum with steady gains, amid improved shipping outlook. The Capesize 5 time charter average then increased by $657 day-on-day to $17,931 on Wednesday, after the modest trading volume during the session. The Baltic Dry Index (BDI) went up higher by 4.36% or 88 points to 2,105 readings, supported …

FIS Castaway Podcast – Episode 46 17/03/21

    FIS Castaway Podcast – Episode 46 – Freight Special   Wo is mein Handy? Here it is! Special guest Hans-Christian Olesen joins us to discuss the Baltic Exchange’s new Handysize index and the transition from Panamax 4TC to 5TC in our freight market special.      Listen Below:   Website https://freightinvestorservices.com/blog/fis-castaway-eps-46-unprecedented-coverage-in-unprecedented-times/   Spotify https://open.spotify.com/episode/1Ust3Ddos7DsBpVnwp5jdX?si=403kmyJsR1C83cUu4q9UZw …