Tag archives: FO

Daily Capesize Review 15/4/21

Capesize freight rates rallied further on market optimism over better shipping demand and fundamentals in both basins. The Capesize 5 time charter average then rose by $1,925 day-on-day to $28,056 on Thursday, due to booming paper market. The Baltic Dry Index (BDI) also rose further by 6.66% or 145 points to 2,323 readings, supported by …

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FIS Fuel Oil Morning Report 16/04/2021

Brent crude futures rose 13 cents, or 0.2%, to $67.07 a barrel at 0508 GMT, following a 36-cent rise on Thursday. U.S. West Texas Intermediate (WTI) crude futures were 12 cents, or 0.2%, higher to $63.58 a barrel, after climbing 31 cents on Thursday.   Propping up market sentiment are reports that the US economic …

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Daily Capesize Review 14/4/21

Capesize freight rates continued to rise despite mixed market movement between the paper and physical market. The paper market was pushing for greater height, while the physical market took a breather from flurry of fixtures done previously. The Baltic Dry Index (BDI) also rallied by 1.78% or 38 points to 2,178 readings, due to record-high …

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FIS Fuel Oil Morning Report 15/04/2021

Brent crude was down by 21 cents, or 0.3%, at $66.37 a barrel by 0129 GMT pushing up to 66.61 by 0630GMT, after gaining 4.6% on Wednesday and closing at the highest since March 17. U.S. West Texas Intermediate futures dropped 25 cents, or 0.4%, to $62.9 a barrel, having risen 4.9% in the previous …

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