Dry Freight Drama, Iron Ore volatility and Crude Oil Cash Rise

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

Dramatic Movements in Dry Freight Markets and Significant Rally in Crude Oil

Hello 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

Timestamps

00:00 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.