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 cargoes neither. Market analysts are ready for the boost not sure charterers are…
Same feeling is read in todays’ bmti report, reporting partly some of the speeches held in Hamburg by the finance guys in the current shipping Finance forum held their. Noticeably, about containers market, major broker declared “Three times since the crisis (2009) we could have gotten out of the problem but we have consistently overbuilt ourselves back into the problem”.
Time being the ball remains on their side and it remains their privilege (on average and in general) to choose which timing to serve for the game.
Have a nice evening and we remain at your disposal