Freight Up! Fuel oil, iron ore, steel and other commodity insights from Freight Investor Services Freight Investor Services

Markets in Motion: Dry Freight Gains, Middle East Tensions, and Iron Ore UpdatesHello and welcome back to Freight Up, the number 1 commodities and freight markets podcast from FIS.
We're your hosts, Jess, and Davide, and in this episode of Freight Up we'll dissect the latest geopolitical events impacting our sectors, from the Middle Eastern tensions and their muted effect on crude oil, to the unexpected surge in cocoa prices due to West African crop shortfalls.
In this episode, Ben Klang decodes the dry freight market's roller coaster ride, while Hao Pei predicts the iron ore market's resistance to a short-term correction.
Our people's broker and resident fuel oil expert Archie Smith reports to us remotely from Dubai, shining a light on the rising cracks in fuel oil prices this month.
Brace yourselves for another 'deep dive' into the seas of freight and commodities.
Remember, follow "Freight Up" in your favourite podcast app, and find us on LinkedIn!
And check out our app FIS Live for the latest insights.
Thanks in advance for listening to this Freight and Commodity podcast by FIS!
Useful links:FIS Live
Timestamps00:00 Middle East tensions ease, commodities fluctuate. Fed adjusts.
04:21 TC index down 7% then rebounded. Market sentiment improved.
08:16 High market, steel margin drop, iron ore strategy.
09:36 Steel demand may gradually increase over months.
13:09 OPEC cuts impacting high sulphur crude market.

Iron Ore's Resurgence and Oil's Rally: Navigating the Current Commodity Climbs!Hello and welcome back to Freight Up, the number 1 commodities and freight markets podcast from FIS.
I'm your host, Fernanda, and in this episode of Freight Up it's a mix of emotions as I'll be saying my final goodbye to you.
But before you and I dock for the last time, let's chart the course for today's adventure through the world of Freight and Commodities.
We'll welcome aboard Jessica Free, our very own new marketing executive, who'll share some tantalizing tidbits about the much-anticipated overhaul of our FIS Live app.
As we navigate through today's choppy waters, we'll examine the downturn in freight indices and investigate the iron ore market's surprising resurgence.
Plus, we'll dissect the impact of geopolitical turbulence on soaring oil prices.
Our crew of Freight Uppers for this episode includes:
Ben Klang, who'll talk us through bulk carrier rates
Hao Pei, whose market insights keep us ahead of the curve
And Archie Smith, the people's broker, who'll unpack the reasons behind crude oil's climb above $90...
So, grab your life vest as we set sail one last time together.
It's an honor to have been your captain here on Freight Up, and I'm thrilled to have you with me for one final voyage.
Useful links:FIS Live
Timestamps00:00 Freight market down, indices show negative trends.
04:36 Capes rates decreased, but recovered slightly.
09:23 China decreases mortgage rate, boosts housing market.
10:58 Iron market indicators improving, sustainable rebound expected.
14:33 OPEC continues production cuts, Middle East tensions boost prices.

Dramatic Movements in Dry Freight Markets and Significant Rally in Crude OilHello and welcome back to Freight Up, the number 1 commodities and freight markets podcast from FIS.
I'm your host, Davide, and in this episode of Freight Up, we're back with our usual format after the special episode on US energy last week.
If you missed that, you can catch up here.
We'll be discussing the latest movements in the dry freight markets, the iron ore market, and fuel oil.
I'll start with a roundup of the latest commodity news, including the US durable goods orders, Russian oil shipments to North Korea, and the potential trade implications of the Baltimore bridge collapse.
Then, we'll hear from our experts as Ben Klang shares insights on the dry freight market, Hao Pei discusses the iron ore market, and Archie Smith provides analysis on the significant rally in crude oil.
Click play and join me for this insightful voyage through the current trends and developments in the freight and commodities industry.
Useful links:FIS Live
Timestamps00:00 Freight up with Davide: Latest commodity news.
04:45 Shipping rates fluctuated, ending the week lower.
08:36 Iron ore market volatility rises, directionless sentiment.
12:21 Brent future hits recent highs, supply tightness.
14:49 Front cracks softened and April May spread narrowed.

Oil, oil, Everywhere! US energy predictions and trendsHello and welcome back to Freight Up, the number 1 commodities and freight markets podcast from FIS.
I'm your host, Davide, and in this episode of Freight Up, I'm thrilled to bring you a special episode delving into the energy market with my US colleagues.
Joining me today are Daniel and Miguel, as we explore the US energy sector.
Together, we'll be discussing the impact of various factors such as EV cars, oil production, OPEC cuts, monetary policy, and geopolitical tensions on the energy market.
We'll also talk about the nuances of these elements and their implications for the future of the oil market in the year ahead.
Useful links:FIS Live
Timestamps01:00 China's industrial production rises, Bank of Japan raises interest rates, Brent crude prices surge, EU tariffs on grain imports, volatile FFA market movements.
02:00 The Dry Freight FFA market update, Panamaxes and iron ore.
03:54 US market experts Daniel and Miguel on OPEC and inflation.
12:32 Federal Reserve's tightening policy impacts global economy.
16:26 Bunker industry resilient, adapting to new routes.
17:42 Oil prices likely to rise, reaching $80-90.

Commodity roundup: iron ore drops, Capes take a breakHello and welcome back to Freight Up, the number 1 commodities and freight markets podcast from FIS.
I'm your host, Davide, and in this episode of Freight Up, we're covering the fuel oil arbitrage, and the latest on the Capes.
We start with a roundup of the latest macroeconomic news, discussing topics such as China's consumer price rise and US employment rate.
We then hear from our team of 'Freight Uppers' on the topics of iron ore, dry freight, and fuel oil.
Hao Pei provides insights into the significant drop in the iron ore market and potential signs of reversal.
Ben Klang shares the shifts in the dry freight market, including the impact on the FFA market.
Archie Smith discusses the impact of data releases, including the OPEC monthly report, on the fuel oil market and explains the volatility in the front month high sulphur fuel oil east-west differential.
What are you waiting for?
Click play on the episode and listen in as we break down the complex world of freight and commodities.
Useful links:FIS Live
Timestamps00:00 US inflation stable, freight market movements summarised.
03:51 Iron maintenance stable, but dropped on Friday.
08:36 Capes experienced choppy FFA market, with increases.
12:56 OPEC lowers production; CPI stays steady. API data shows crude stockpile decrease.
15:19 Asian buyers support prices, European prices higher.

Iron Ore Index Dive: Can We Expect a Quick Rebound to $116-$118? Hao Pei Reveals All!Hello and welcome back to Freight Up, the number 1 commodities and freight markets podcast from FIS.
I'm your host, Fernanda and in this episode of Freight Up, I'm joined again by Davide, the newest member of the "Freight Up" team.
Cape Size Surge and Iron Ore Market:The episode highlights the significant surge in Cape Size index and its impact on the FFA market.
Hao Pei provided valuable insights on the iron ore market, discussing China's recent policy updates and their implications.
Dry Freight Market Movements:Ben Klang discussed the movements in the dry freight market, providing detailed insights into the Cape FFA market and its impact on the wider market.
He elaborates on the increasing physical activity in the Pacific and steady rates in the Atlantic region, along with the high demand for the c five iron ore route.
Ben's analysis highlighted the strong volumes and trading activities in the Cape, Panamax, and Supermax vessels, offering a comprehensive overview of the dry freight market.
OPEC's Extended Cuts and Fuel Oil Market:Archie Smith provides a hot take on OPEC's extended cuts and the future of Brent crude prices.
He sheds light on the impact of Russia's decision to cut a further almost 500,000 barrels a day in production and exports in Q2, which surprised the market.
Archie's analysis suggests that mere cuts might not be sufficient to reach the $100 per barrel mark, emphasising the potential influence of geopolitical tensions.
Additionally, he discusses the volatility in low sulphur fuel oil cracks and spreads, offering valuable insights into the fuel oil market.
Useful links:FIS Live
Timestamps00:00 Big conference discussing stimulus and government policies.
06:25 Cape FFA market sees fluctuating rates.
07:52 Week's maritime markets saw mixed performance.
13:49 Monday morning saw significant swings in cracks.
14:44 Oil prices fall due to lower settlements.