Daily Capesize Review 13/4/21

Capesize freight rates rose on strong physical fixtures in both basins, despite some weakening in the FFA market. The Capesize 5 time charter average then inched up slightly by $79 day-on-day to $26,055 on Tuesday, after some profit-takings in paper market. The Baltic Dry Index (BDI) however, dipped on softening smaller vessels rates and went …

FIS Fuel Oil Morning Report 14/04/21

Brent crude futures rose 42 cents, or 0.6%, to $64.09 a barrel at 0421 GMT, after gaining 39 cents on Tuesday. U.S. West Texas Intermediate (WTI) crude futures added 40 cents, or 0.7%, to $60.58 a barrel, following Tuesday’s rise of 48 cents.   API Crude -3.608 Cushing +0.917M Gasoline +5.565M Distillate -3.006M   API …

FIS Castaway Podcast – Episode 50 13/04/21

FIS Castaway Podcast – Episode 50 In our 50th episode, we look at the market movements in the year since we started, as well as updates on dry freight, iron ore, tanker and oil markets, plus info on the transition to Panamax 5TC contracts. Listen Below: Website https://freightinvestorservices.com/blog/31469/   Spotify https://open.spotify.com/episode/4MOJ5pYtCjz6tSP33h0Tkt?si=BlB5wvfWQpCBB06cHjCZ_g   iTunes https://podcasts.apple.com/gb/podcast/episode-50/id1507094242?i=1000516940096 Disclaimer: This podcast …

Daily Capesize Review 12/4/21

Capesize freight rates rose on bullish market outlook, with firm physical market supported by slight uptick in bunker prices. The Capesize 5 time charter average then rose by $2,065 day-on-day to $25,976 on Monday, as traders hurried to short cover at the start of the week. The Baltic Dry Index (BDI) also hiked up on …

FIS Fuel Oil Morning Report 13/04/21

Brent crude oil futures were up 31 cents, or 0.5%, at $63.59 a barrel by 0356 GMT while U.S. crude oil futures gained 28 cents, or 0.5%, to $59.98 a barrel.   Robust data coming from China regarding their imports and export data gave oil prices some support overnight, with its imports growing to the …