FIS Fuel Oil Morning Report 20/04/21

Brent crude futures for June delivery rose by 54 cents, or 0.8%, to $67.59 a barrel at 0415 GMT. U.S. West Texas Intermediate (WTI) crude futures for May delivery, which expire on Tuesday, were up 53 cents, or 0.8%, to $63.91 barrel. The more-active June contract was at $63.93, up 0.8%, or 50 cents.   …

Daily Capesize Review 16/4/21

Capesize freight rates made small gains after cooling down from the recent rally over better shipping fundamentals. The Capesize 5 time charter average then gained slightly by $464 day-on-day to $28,520 on Friday, despite relative smaller volumes traded at the close of the week. The Baltic Dry Index (BDI) also rose further by 2.67 % …

Daily Capesize Review 15/4/21

Capesize freight rates rallied further on market optimism over better shipping demand and fundamentals in both basins. The Capesize 5 time charter average then rose by $1,925 day-on-day to $28,056 on Thursday, due to booming paper market. The Baltic Dry Index (BDI) also rose further by 6.66% or 145 points to 2,323 readings, supported by …