Daily Capesize Review 22/4/21

Capesize freight rates dipped after recent rally with corrections in the paper market, amid the sluggish physical market. The Capesize 5 time charter average then inched up by $518 day-on-day to $33,808 on Thursday, as trade participants took a breather from the FFA market. The Baltic Dry Index (BDI) then rose by 1.48 % or …

FIS Fuel Oil Morning Report 23/04/21

At 11:17 am Singapore time (0317 GMT), the ICE Brent June contract was up 27 cents/b (0.41%) from the April 22 settle at $65.67/b, while the June NYMEX light sweet crude contract was 36 cents/b (0.59%) higher at $61.79/b.   A relatively quiet week for news in oil this week with the EIA crude build …

Daily Capesize Review 21/4/21

Capesize freight rates rebounded into new highs with market optimism of another super cycle in the corner that boosted confidence. The Capesize 5 time charter average then surged up by $4,638 day-on-day to $33,290 on Wednesday, amid bullish market outlooks. The Baltic Dry Index (BDI) then rallied by 9.63 % or 238 points to 2,710 …