On the chartering market, today’s index BDI is back to the 800pts mark, back to 8th september 2016 level. In order to compare : at his peak last year on 21st nov 2016, it was at 1,257pts this is a decline by 36% in 2 months To be positive, about the same increase happened in less […]Read More containerships taking over drybulk biz
Astrology is a good expertise while advising about investing in shipping as per Baltic Exchange article proposed today. “The nine planets are aligned”, time to invest then. This is according to Baltic Exchange linked here : 9 planets says : INVEST Interesting analysis proposed by Andrew Hampson on the link above. If I may […]Read More time to invest in shipping? ask the planets
Rare enough to be mentionned according to BMTI a SBM cargo has been fixed in the low 20usdpmt ex Lagos to Russia. According to the quotations we received here, could be this one : 25-30,000 MT 10 % MOLOO BULK SOYA BEANS LOAD : 1 SB 1 SP LAGOS LOADRATE : 3,000 SHINC / CHOPT 3,000 […]Read More week-end is NOW can still read this before / during your break
Handies Market wise : USG Index, today’s BHSI HS4 (USG to Skaw pass) losing bit more than 100pts, with daily value at $11’118 when the mv ‘LAVAUX’ (34,350dwt blt 2010) is reported fixted by MUR at $12,500 dely USG to Morocco. Converted into voyage bss 30’000 10pct wheat Miss River 7000x to Morocco 5000x with 5pct […]Read More are brokers more usefull than a loyal german Shepherd?
Therapy first I know some of the readers are sometimes complaining about my reports being negative and not very encouraging for Owners. Believe me I would have loved to be in position to write down these reports back in 2006/2008 and making great comments about the craziness of the shipping market. But we are something […]Read More shipping market needs pills, a therapy, and good prays
Tom Cruise knows what’s risky, what about our Owners? and Charterers? Today’s jan 24th 2017 London is holding the 2017 Maritime Risk Forum 2017. Where people will talk about insurance in shipping. Who knows, maybe the speakers at this event read my market report sent to you on 5th jan post, the one talking about […]Read More #Shipping is a risky business. Be aware
For once, let’s take it from a broker prospective. You have the happy one (“OMG, they just lift the subs!”) the one who fixed this well named mv« Majestic Sky » for 62’000 10 ferts from Klaipeda to N.china reported done at 29usdpmt. Assuming the broker took the standard 1.25% (unless this is done via a big […]Read More happy or sad shipbrokers? #shipping
Again politic and weather or vice et versa Whichever the chartering/shipping on line news you check, all are talking about « Trump/ Miss May/BREXIT » or « ice and flood ». Regarding weather, seems like everybody being surprised northern hemisphere being under winter and, yes in winter, sometime it can get cold. This is time to shine for owners handling […]Read More too complex to manage? don’t forget your beanie Batman
Somehow yes. Our business being so much related to international relationship (by essence) any political decision, change can have tremendous impact in our business. On the political part, today it’s « bye bye United Kingdom ». The path for a hard brexit seems to be the English choice according to Theresa May today’s speech. Not sure how […]Read More Is shipping all about politics and weather ?
Do you know the concept of blue Monday ? It’s said by English scientists to be the most depressing day of the year. blue monday? with all due respect to english readers, I’m not quite sure we shall get into this game. Marketwise, we are seeing a rise again on the BDI, mainly driven by Capers and, […]Read More Blue monday in shipping? no way