FIS API Blog
Capesize freight rates suffered a dip as the bullish momentum flatten out with fewer fixtures being done at higher rates. The Capesize 5 time charter average dipped by RMB 67 day-on-day to $14,781 on Tuesday, as the market lost steam with concerns on the muted Atlantic basin. The Baltic Dry Index (BDI) then moved down …
Continue reading “Capesize rates take a breather from recent gains”
Brent crude futures were up 107 cents, or 2.43% to $44.67 a barrel at 0738 GMT, while U.S. West Texas Intermediate (WTI) crude futures also rose 48 cents, or 1.2%, to $41.84 a barrel at 0455GMT. Both benchmarks gained nearly 3% on Tuesday. BP and Orsted have collaborated on a joint project to look at …
The Dalian Iron ore had given up its late gains overnight and closed unchanged on the day this morning. The Doji star had indicated indecision in the market and warned we could potentially see some form of market pullback in the evening session. Price has held resulting in the offshore contract moving 1 dollar higher …
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*Vitol CEO Sees Oil Prices Heading Towards $50 A Barrel* Russell Hardy, CEO of Vitol has announced this morning that he believes oil prices will hover around the $50 per barrel mark into the new year and over the next few months as inventories start to report draws which he sees accelerating into 2021. (Reuters) …
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): +1 813 490 6630
Capesize freight rates continued to rise due to market optimism over Covid-19 vaccines that improve shipping and oil demand. The Capesize 5 time charter average hiked up by RMB 427 day-on-day to $14,848 on Monday, as market sentiment improved. The Baltic Dry Index (BDI) also moved up by 0.92% or 11 points to 1,207 readings, …
Continue reading “Capesize rates rise on global market optimism”
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): +1 813 490 6630
*Oil Market Eyes Iran’s Return with Biden Win* The president-elect has vowed to lift sanctions against Tehran and re-join the JCPOA nuclear deal, on the condition that Iran complies with all restrictions on the program. Sanctions imposed by Trump cut more than 2 million barrels per day of Iranian oil exports, which would make the …
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): +1 813 490 6630
