FIS API Blog
Capesize freight rates softened as trading activities slowed down ahead of Golden Week holidays. The Capesize 5 time charter average then dropped by $445 day-on-day to $23,733 on Monday, due to the market cooldown. Then, the Baltic Dry Index (BDI) dipped by 0.78% or 13 points day-on-day to 1,654 readings due to the correction of …
Continue reading “Capesize rates correct ahead of China’s holidays”
Brent crude settled at $42.43 a barrel, up 51 cents, or 1.22%, where WTI futures settled at $40.60 a barrel, rising 35 cents, or 0.87%. On a quiet Monday, focus remains on continuing trepidation on the future 6 months of Crude and how the virus is going to play a key part in 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
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 …
Gulf Nations Are Desperate for Higher Oil Prices Nations in the Gulf, including the Saudi oil powerhouse have said that they are able to withstand any shock in oil prices, but many have forecast that this is simply not the case. Although Saudi has some of the lowest production costs in the world, the current …
Capesize freight rates paused for a breather from the bullish run as market participants proceeded with profit takings. Thus, the Capesize 5 time charter average surged by $1,337 day-on-day to $24,178 on Friday, amid the market cooldown. Then, the Baltic Dry Index (BDI) jumped by 3.86% or 62 points day-on-day to 1,667 readings on good …
Continue reading “Capesize rates hike up amid markets’ profit-taking”
Brent crude fell 23 cents, or 0.6%, to $41.69 a barrel by 0243 GMT after dropping 2.9% last week. WTI on the other hand was at $40.04 a barrel, down 21 cents or 0.5%, following a 2.1% decline last week. The previous week did not set the world alight as gains in crude prices …
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 …
Capesize freight rates continued its bull run due to the rally in the physical market with much improvement seen in the Atlantic market. The Capesize 5 time charter average then jumped by $4,249 day-on-day to $22,841 on Thursday, due to firming rates in both the Pacific and Atlantic basins. The Baltic Dry Index (BDI) also …
Continue reading “Capesize rates go bullish on better market fundamentals”
Brent crude was up 17 cents at $42.11 a barrel by 0346 GMT, while U.S. West Texas Intermediate (WTI) crude gained 16 cents to $40.47. A quiet Thursday lead to the steadying of oil after last week’s investor draws counteracted by a stronger dollar and renewed COVID-19 cases that caused the further border closures …
