The black sea revival on the supras and bigger ladies mentionned yesterday is looking like to be quite concrete. Mainly these grains cargoes are heading to FEAST / ASIA and despite few may believe this upward will sooner or later impact also the handies, I am, bit more doubtful. Right now too many handies are […]Read More is black sea colour really black?
« $8,250 daily agreed on a 33/35000dwt from Rouen to Algeria » shall bring on the basis of 10,000x at load / 2,500x at discharge with 32’sw in Algeria somewhere between $18.00pmt and $18.50pmt sub intake and vessel’s specs. Couple of operators are seen on the market for this requirement, trust, cargoes booked from charterers back in […]Read More super market is not for super shipping -yet-
I could read in yesterday’s BMTI report « desperate owners w a vessel open Algeria tried to attract scrap chrtrs at $9,500 faily from algeria via continent to East Med ». To me such owners open w/ a handy in Algeria coming at this level is everything but not desperate. BRAVE would be a more accurate way […]Read More All is a matter of perspective
Another good excuse is found to explain the lack of activity on the chartering market. (Not that nothing is happening, but what’s fixed is barely proving to chartering market is in good shape). The excuse is now about European holidays coming in (and « sluggish summer industrial tends setting in »). To me, if I were to […]Read More aim of Consolidation? is it to get more solid?
Long time no news. But don’t worry the shipping world have still been up and running since last market report sent from here. It was only 10 days ago. Bdi managed to lose 100pts (yes on average 10/day) BCI lost 183 points, BPI did not managed to get above the 1,500 threshold, stucked at max […]Read More shipping is awaiting trading people to decide what they aim to do
+361 on the BHSI index is what we can see in today’s BMTI market report. Reporting yesterday’s indexes. ALLELUIA. BHSI index is therefore back to september 2010 levels, flirting with the 1,000 shreshold (952 precisely). That’s nice and as some love to believe, this is the proof Market is a BEAST with no-one, nobody being […]Read More better to double check info before opening up the champagne
Slow start of the week. And my bet to tell this week will be for shipping a « wait and see » one. Between the politics in one side : G7 feedback (and any new trading restrictions which may come up) Trump Kim Jong Un summit Opec’s decisions about oil pricing politic And on the other side the […]Read More Wait and see – 기다리고 보아라 – applies also in shipping
The fixture mentionned by BMTI « another 33/34,000 dwt has been fixedbelow US$10,000 daily for a trip to Med » is most probably this fixture mentionned this afternoon in the Baltex. Mv ‘Emerald Bay’ 2008 built 32,258dwt dely USG prompt redel Tunisia intention Grains at US$9,500 »… Having found back my famous old school abacus, I’ve run an […]Read More shipping and drybulk -few thoughts and comments- (and Tce/voyage estimates)
Are capes in revival mood ? Looking like, at least on the index. And Capes are the main driver for the BDI raise, see below the moves 7th june vs 29th may vs 14th May BDI 1,395 vs 1,057 vs 1,476 BCI 2,220 vs 1,324 vs 2,635 BPI 1,344 vs 1,163 […]Read More When shipOwners have a super idea
On 1st of june I was writting this « Bmti’s mentionning $12,500 daily (trust APS) for a 39kdwt fixed for a Rouen to algeria trade, adding « which equates to $18/mt on the bss of 33,000mt intake ». I can take all the figures on a nice super eco super intake ship put them in the shaker, and […]Read More plastic straw shipping & Posidonia Event