FIS API Blog
Capesize freight rates rebound on better shipping demand in the Pacific which improved overall market sentiment. Thus, the Capesize 5 time charter average rose by $328 day-on-day to $16,289 on Monday, with improved bids that boosted the paper market. The Baltic Dry Index (BDI) reflected the market optimism and posted gain of 1.39% or 18 …
Continue reading “Capesize rates book gains on better Pacific market”
** Oil steady as U.S. storm eases but demand recovery fears persist** Little changes in oil prices on Tuesday after heavy overnight loses but demand woes still linger in the market with the US tropical storm easing over the week. Crude prices fell 4% on Monday with experts alluding to how the oil market is …
It started overnight with the equities and the iron ore coming under pressure. Fears about banking, the global economy, and the horror that we call the Pandemic. However, this sell off feels like it might have more behind it. Since March, equities, iron ore, steel and base have shrugged of the global economic slowdown. The …
Brent front month futures were printing this morning at $41.58 per barrel, 14 cents up or 0.3% with its American counterpart WTI futures registering at $39.50 per barrel or 19 cents up. Key news out of Monday was that excess jet fuel has now made its way into the fuel oil market and is …
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 …
** Oil workers flee as third storm in month aims for U.S. offshore fields** Royal Dutch Shell have begun the process of evacuating some of its platforms in preparation of the third storm in the space of a month. The 23rd named storm of the hurricane season was set to strengthen over the course …
Capesize freight rates moved in mixed directions as the decent shipping demand, higher bunker prices and firm iron ore prices failed to push rates up. Thus, the Capesize 5 time charter average went down slightly by $114 day-on-day to $15,764 on Friday, amid the mixed market outlook. The Baltic Dry Index (BDI) however was rather …
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 …
Brent futures were up 9 cents or 0.2%, at $43.24 per barrel whereas WTI futures were up 10 cents, or 0.2% at $42.21 a barrel. The UK begins the week with the news that the second wave of coronavirus is upon us, which brings with it concerns on how this will affect lockdowns across …
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 …
