Tag archives: FO

Daily Capesize Review 27/4/21

Capesize freight rates rallied on bullish market outlook with record high iron ore prices and good steel demand from China. The Capesize 5 time charter average then surged up by $2,106 day-on-day to $37,453 on Tuesday, due to bullish market outlook. The Baltic Dry Index (BDI) then rose by 2.88% or 81 points on-day to …

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FIS Fuel Oil Morning Report 28/04/21

At 10:55 am Singapore time (0255 GMT), the ICE Brent June contract fell 6 cents/b (0.09%) from the April 27 settle at $66.36/b, while the June NYMEX light sweet crude contract was down 12 cents/b (0.19%) at $62.82/b.   API Crude +4.319M Cushing +0.742M Gasoline -1.288M Distillate -2.417M   An uncharacteristically quiet lead up to …

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Daily Capesize Review 26/4/21

Capesize freight rates continued upward momentum amid bullish iron ore outlook and good Chinese pre-Labour Day restocking activities. The Capesize 5 time charter average then inched up by $585 day-on-day to $35,347 on Monday, due to better market outlook. The Baltic Dry Index (BDI) then rose slightly by 0.72% or 20 points on-day to 2,808 …

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FIS Fuel Oil Morning Report 27/04/21

At 11:38 am Singapore time (0338 GMT), the ICE Brent June contract was up 38 cents/b (0.58%) from the April 26 settle at $66.03/b, while the June NYMEX light sweet crude contract was up 38 cents/b (0.6%) at $62.29/b.   Oil prices felt the downwards pressure of the increasing worry surrounding the Coronavirus situation in …

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