Up again on the indexes, positive sentiment is still around. according to BMTI, “Quite an amount of fresh new cargoes shows up for supras and handys for prompt trips in both hemispheres“. On the Handy bulk Viewpoint section, on an owners counter indicating 20’000usd daily to a chrtrs  evaluation at 12’000usd on a 58kdwat from […]

Read More drybulk market still heading north

As you noticed this morning, 5 days in a row that BDI is going up and trust no owners will complain about such situation, well maybe the ones who decided to leave their ladies going on period or the ones who have put their ships in Lay up… Hopefully the latters will not decide yet […]

Read More BDI is up, next crop looking crap, what about my twix then?.

Positive sentiment overall in our drybulk market, bss yesterday’s index. Not sure it’s going to last with the UK out and view the first movements seen on various markets. For sure all indexes are on heading to the green, almost all routes whichever the size are going north. Is the summer season for drybulk finally […]

Read More English ships or not

this one being mentionned by BMTI “55000 BLK NPK VENTSPILS/KOHSICHANG with charterers targetting low 20usdpmt with quick terms”  knowing the cargo is as follow “2/6 JULY 8000 SHINC/10000 SHINC  5% ROUTING VIA SUEZ ONLY”. I will not share the tc equivalent I have ended up with (not quite sure of my results to be honest), […]

Read More Size matters – 28kdwat index type hardly competitive

Yesterday BMTI was mentionning a “COFCO cargo of 27kmt of Rapeseeds at 10USDPMT which is giving a tce at 2’000usd daily according to a broker”. For your guidance, full cargo specs is asf 27,000 10% RAPESEEDS CONSTANZA (12,000X) TO GHENT (10,000X) OR ROTTERDAM (10,000X) OR ROSTOCK (6000X) 29-30 JUNE and Cofco is apparently seeing touch […]

Read More how to handle the drybulk sector downturn?

Today’s international blood day donation and unfortunatly the blood found at sea from shipping industry players is not the right quality for medical use. Focusing on Handies In today’s BDI, we can read, fixed ex ECSA “Siva Emerald’ 2010 28300 dwt dely Rio De Janeiro 17/21 Jun trip redel Continent intention pig iron $4 ,750 […]

Read More Market is bleeding, give your blood

Everything written here trying to extract key numbers from this market analysis Utilisation rate of the drybulk fleet: –> 2007: 99.9%  Vs. 2016: 70%. The 30% of excess capacity is representing 227 Millions DWT at sea, which to figure out equals to 73% of the entire current Capesize fleet or all ships (at sea) built […]

Read More Bimco – Drybulk market prospectives-

Quite a bit of activity on the Capers side, just go through the list of fixtures Pacific Ore voyage ex australia to Qingdao are done in between US$ 4.50 up to US$ 5.10/mt depending on the terms.  Knowing US$ 0.60/mt on this size means 100’000usd. on the Panamax, from Blsea, basis our tce estimate, to […]

Read More Ore business being not Golden one.

Once again let’s talk about ECSA, US$ 5’750 for a 32kdwat aps to go to blsea, most probably with grains is not much but it’s in line with BHSI S4 at 5600 on index type. In various reports (such like BMTI dtd 9th june or when discussing with Shipping people   banks and investments funds are […]

Read More light at the end of tunnel? not for now

Let’s start today with ECSA We mentionned this quickly earlier this week, logistic in Brazil for the sugar is quite a challenge, see in this prospect Tereos CEO interview, with last “[…] Monday vessels were waiting to load 1.85 Million Metric tons of sugar”, should it be Supras only, this is representing about 40 ships […]

Read More Sugar pilling up and little other things