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 …

Daily Capesize Review 9/4/21

Capesize freight rates rallied on better shipping demand, especially with more cargoes coming from the Atlantic market. The Capesize 5 time charter average then rose by $1,037 day-on-day to $23,911 on Friday, due to market optimism for Forward Freight Agreement (FFA). The Baltic Dry Index (BDI), however, dipped slightly after recent rally and went down …

FIS Fuel Oil Morning Report 09/04/21

At 11.05 am Singapore time (0234 GMT), the ICE Brent June contract slipped 5 cents/b (0.08%) from the April 8 settle at $63.15/b, while the May NYMEX light sweet crude contract was up 11 cents/b (0.18%) at $59.71/b.   Oil prices have been struggling to find any directional rhythm over the past few weeks with …