Tag archives: FO

Capesize rates rebound on better market sentiment

Capesize freight rates rebounded on improving trade sentiment that the market had bottomed out. The Capesize 5 time charter average then rose RMB 165 day-on-day to $15,715 on Monday, as paper market came under pressure at the start before firming later. The Baltic Dry Index (BDI) remained flattish and rose slightly by 0.08% or 1 …

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Morning Oil Report 02/11/20

Brent crude futures inched up 1 cent to $38.98 a barrel at 0440 GMT, while WTI crude futures were up 8 cents, or 0.2%, to $36.89 a barrel. Both benchmarks gained nearly 3% on Monday, after heavy losses for the last week of October.   Oil was holding particularly steady over the UK evening, where …

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Oil and Ore Intraday Morning Technical 02/11/20

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 Through the Looking Glass 02/11/20

*Russia Respond to Lockdowns by Assessing OPEC Cuts* Russia are looking to push forward with the review of OPEC oil cut relaxations that are due on 1st January 2021 as prices look to not bounce back to pre-Covid levels anytime soon. The cuts made to output imposed by OPEC are due to be relaxed in …

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Iron Ore Offshore Nov 20 Morning Technical Comment – 240 Min Chart (rolling contract)

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 rates to bottom out from slump

Capesize freight rates dipped slightly on limited shipping activities and market expectation that it might bottom out after the recent slump.   Thus, the Capesize 5 time charter average then fell modestly by RMB 231 day-on-day to $15,550 on Friday, as the physical market seemed to find a floor, while the paper market braced for …

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Morning Oil Report 02/11/20

Brent crude futures for January dropped $1.34, or 3.5%, to $36.60 a barrel by 0410 GMT, while U.S. WTI futures fell $1.41, or 3.9%, to $34.38. Brent ICE futures lost just under 10% for the week as the market looks to try to absorb increasing supply gluts.   Without the risk of sounding repetitive, the …

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