Tag archives: FO

Capesize rates rebound on improving basins

Capesize freight rates rebounded from previous losses due to improvement in cargo lists for  both the Pacific and Atlantic basins. The Capesize 5 time charter average inched up slightly by $39 day-on-day to $11,897 on Friday, amid better freight rates in both basins. The Baltic Dry Index (BDI) then increased by 1.23% or 14 points …

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European Close 20/11/20

Iron ore had been looking vulnerable earlier in the week with the daily candles for the last 3 day’s closing higher but lacking any real momentum with the candles producing small bodies.   The technical aspect of the market looks like it could exhaust soon; however, rising steel prices, a small easing in the stockpiles and …

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Morning Oil Report 20/11/20

Brent crude futures were down 5 cents, or 0.1% to $44.17 a barrel at 0744 GMT. U.S. West Texas Intermediate crude contract was down at $41.90 a barrel. The WTI contract for November, which expires on today, was also flat at $41.74 per barrel.   The news of vaccine efficacy is having positive reverberations around …

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Capesize rates fall due to supply gut in the Atlantic

Capesize freight rates continued to slide on mixed market from an oversupplied Atlantic market, despite some cargo improvement seen in the Pacific. Due to the mixed market movement, the Baltic Dry Index (BDI) increased slightly by 1.70% or 19 points to 1,134 readings.   Both basins move in different directions Atlantic market was still oversupplied …

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