If we read the other way round, we can find some nice stories and good reasons to believe that our drybulk shipping market is getting much better. See Scorpio who’s declaring a loss of only USD25m for 2016 second quarter, knowing on the 1st quarter they declared a loss of more than a double, ie […]Read More Losing less does it mean gaining more?
Bmti is reinventing today the concept of “PERIOD” in shipping. As we can read in their PERIOD section (in the list of fixtures) they are reporting this fixture “Dely Geelong ppt 10/15 days coastal trade / unknown chrtrs fixed mv ‘Hamburg pearl’ 39’500dwt blt 16 done @ $11,000″. 10/15 days, let’s call it a Super […]Read More Reinventing the shipping?
A slow start of the week to end up with this month. Never mind, we all know and we are all convinced we are working in a big industry, enabling most of the world population to eat, to be warm (or cold), to build up houses and a bit like NOKIA would have said back […]Read More Connecting (commodities to) people
Let’s take a closer look to this fixture which was reported earlier this week on mv ‘amelie’, said gone asf 2013 34’650 dwt dely Murmansk prompt trip redel Brazil intention fertiliser $8,500 daily which has been a kind of Week 29 hit in the baltic handy market. The daily hire is quite a nice number, […]Read More what’s behind the scene? (or a fixture)
Today’s report is all up and down not to say messy. To start with you’re reading Thursdays 21st july comments and we can easily agree 6.30pm while editing this, means you read it probably in the 22nd july to start your day. Good morning then, take your coffee, with or without milk and enjoy the […]Read More 50yrs old ship going to scrap, a page has been turned
Being full of patience seems to be a good commodity for charterers nowadays, as mentionned by BMTI on the Cape section, “Charterers with cargoes to ship appear to have enough patience to pull back and the market re-correct in a downard direction”. Same apply on the Panamax market with the BPI having probably reached his […]Read More Drybulk chartering market a game of patience
Bdi is showing some signals of cooling a bit and even today’s Index is down by 2 points. Mainly driven by Capes correction. Nothing to be too worried about and one could have expected at some stage this small correction. As discussed with some charterers earlier today, it is always a difficult task to be […]Read More onions or crocodile tears
Again, with most of our French charterers being off today, doing the bridge, I have to admit this is cutting a bit the info and picture on what we can see out of the market. On spot prompt basis ex Continent whether you’re looking for a a handy, a handymax or a supramax, it’s a […]Read More being bottom of the wave, what’s the swell period then?
Bdi keeps his movement up, heading to 738pts (today’s bdi), same level last seen was on Oct 26th 2015 and when looking at the curves (see below) on the bdi it is allowed to think the bottom of the wave is behind us, the recovery still seems to be a slow and long path but […]Read More where are the fireworks today? France or Black sea? #shipping #drybulk
After offering you a break with my prose – I have to admit I had pretty much nothing to say yesterday- now market is inspiring me bit more, hence here I am. On Monday I was asking “if we are at a turning point on the handysize?”, the previous week I was highlighting some surprising high figures […]Read More turning point on the handies? yes probably