is black sea colour really black?

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 […]

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All is a matter of perspective

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

shipping and drybulk -few thoughts and comments- (and Tce/voyage estimates)

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)

When shipOwners have a super idea

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