Timing is everything – or almost everything- in our industry right. We can tell the ‘State of the Market – Commentary from a dry cargo broker’– section proposed in today’s BMTI edition is kind off wrong. In summary our fellow broker, is very close to buy a rope and hang himself , to end up with […]Read More la vie en rose with your ford Pinto
For sure we can see on the index and on the physical market there is a shift going on on the handies. Today’s BHSI value is at 6’134, +70 and a focus on the Atlantic routes is : showing a revival on the ECSA, which is gaining today again close to 500usd/daily (with yesterday’s it makes […]Read More when you commit Joint-Venture, how the wedding party shall look like?
If somebody can explain me, I would love to understand how this can work : Today’s (dated 8th oct) BHSI states +4pts heading to 417, when HS3 (ECSA to Skaw pass) is making a massive gain of +500points. (Yes today + 500 is kind of massive), it’s about + 8% in one day, heading to 6161usd […]Read More Canal promotion. Keep things simple
What’s hot today ? Let me try in the next days, to come back and comment the Bimco Report dated 6th october which again is full of good information and their analsysis, eventhough I strongly believe it can be discussed on some points is in any case worth to comment. Let’s start with this assessement […]Read More Tough to be a ShipOwners nowadays
If you’re wondering what’s going on in the Great Lakes, being quite a specific market, here below a summary of the activity year to date compared to 2015, (source Great Lakes Seaway Partnership) « The St. Lawrence Seaway reported that year-to-date cargo shipments for the period March 21 to September 30 were 21 million metric tons, […]Read More International’s burger day. the good news in shipping today
No matter whether you’re a big one or just a small player. Samsung was surely not expecting this possibility to be up and running, and so Rio Tinto! Rio Tinto is moving hundreds of million of tons of cargoes through the sea every year. Is it because they are a major player in this industry […]Read More highest industry standard
Today’s weighted time charter Average on the Handies is still on decline at 5915usd daily, No route above 6’600usd The spread between the best one (HS6 @ 6’539) and the worse one ( HS3 @ 5’164) is only showing 1’375usd daily difference. The only route up is the HS4 (usg to skw pass, up by […]Read More trying to find opportunity
Today’s Bdi (dtd 4th october) is showing -4pts on the BDI, -1 on BCI, -8 on BPI, flat on BSI and -2 on BHSI… this is kind of flat ! and a flat market is probably the worst one for brokers. It’s fairly boring. I never thought I would have written this in my life : « Chinese, […]Read More boringly flat