Rather slow day today with on one side Greeks being off for « ash Monday » and Latinos preparing the Carnival. This does not prevent the future to go up and physical market heading up also (except Capers). Not so many fresh positions seen on the « atlantic » side of the shipping market and not so many fresh […]Read More Ready to serve for the game?
To the question above the reply is not really, maybe if you have $400,000 in your pocket you can move 30,000mt but here the economy of scale is applying. Talking about continent : Bunge talking 11/12usdpmt for 30,000mt grains (wheat?) from Hamburg to Morocco for info, at 12usdpmt bss 8000/5000x this would give Time Charter equivalent […]Read More with $13 in your pocket can you buy freight for 1mt of wheat from Hamburg to Morocco?
According to our information, the ship which has been fixed for the Dunkirk to tunisia stem mentionned fixed for 26,000mt of bulk barley at us$ 18.25 is ballasting from Rades, perfect position being somehow in the middle of nowhere and anyway ballasting distance to swallow either to go to Black Sea -about 1,00nm- or Dunkirk […]Read More all about love in shipping market?
« low 20usdpmt for 30’000mt grain from finland to Algeria » was mentionned yesterday. Taking Naantali being the loadport, knowing it’s a port subject to ice, basis 6,000 sshex at load and 2,500sshex at discharge would give to owners around $7,500 daily dely Skaw and putting aside ice risk and with no extra days for weather in […]Read More did you know?
We could read in some market reports « in continent charterers (looking for handies) have a good choice of tonnage » and we have to say we tend to disagree with this statement. As yes, handies are around but we have also seen few cargoes emerging from Continent/baltic giving bit more choice to owners on their 28+kdwt. […]Read More chartering, what’s going on?
and this boat today is more looking like an old bucket than mister Abramovitch yacht we have to admit. Today’s report in BMTI mentionning a bit of technical info on the fuels and very low sulphur content. It’s again an interesting enlightment to understand which challenges are ahead of our industry. This very low sulphur […]Read More owners and charterers are on the same boat and have to deal with that
In short but not so sweet. Life seems to be difficult for owners Life seems also to be difficult for farmers, in USA (at least), see from Wall street Journal Life seems also to be difficult for traders And life of somecrew members in danger Otherwise all going ok here, thanks for asking. Have a […]Read More in short but not so sweet – trading -farming – shipping news
From Continent: 25’000 mt wheat rouen to tunisia reported done at 18usdpmt. Assuming bss 10’000/2000x bends and basis 3.75ttl com this gives a Time Charter equivalent at US $ 6’000 on handy index type (with the low sulphur consumption in the river). On this basis, same cargo to Algeria with 2’500x out shall be worth […]Read More excited does not necessarily means exciting.
Seen reported by some friends here « Cargill were rumoured to have taken the Ozgur Aksoy 2011-built 58,410-dwt at Panjin for 4 to 6 months with worldwide redelivery at mid $3,000s for the first 35 days and $6,750 per day for the remaining period ». Which means my doing some rough math thanks to our famous abacus, […]Read More this could be net revenue on handy ex black sea.
HANDIES BHSI managed to lose 8% this week with HS4 down by 13.5% and HS3 down by nearly 15% As a result CONTINENT :30’000 mt agri prods dunkirk to morocco (trust bss 10’000x/5’000x) on a modern 35kdwat able to load 32’000mt seeing $12.50/12.75 = $8,700/8,500 // Aiming $12.00 = $7,700 daily dely Arag… so now […]Read More ships appearing like golf players after the rain