« Glad to welcome the good old fashion Panic » As a friend owners said yesterday while hearing about the ultramax being covered at « low $20,000 for a trip from North Spain to China ». According to market comments and index, the panic on the Capers did not last long enough to sustain index and fixtures done on […]Read More old fashioned is not only a cocktail but can also be a sort of panic in #shipping
Good day good afternoon, Fairly busy beginning of the week here which dragged me of my daily reports and market comments. For sure, I shall not forget, unless any changes, I get my bread out of the fixtures I manage to make, market reports being somehow the extra mile. You’ll have surely noticed, without my […]Read More Baltic Index in modernization process.
In case the info passed over you without you noticed, St Lawrence St Way is back again in business since last Monday (20 march 2017). Don’t believe it’s already like navigating in the Elbe River or Amazonia look at the weather conditions which were registered in Quebec on 15th march. (picture above st law river […]Read More need for hot and brave shipowners
Talking about Egypt, grain traders are linked on a 30,000mt bulk wheat from Nikatera to Egypt at said something along US$16pmt. This is surely part of the GASC deals to import massively wheat from everywhere, and preferably from Black Sea. Last tender, cnf priceof the wheat was (rounded) at $210pmt, for 240kmt, with freight, rounded […]Read More Take the bribe. What about the bride? (your call, on a case by case basis)
10years experience, is starting to be somehow something right ? Even in shipping were people love to say « in shipping the learning curve is not comparable to any other business as you keep learning everyday » or « shipping is like high mountain guide : a good high mountain guide is not existing really, only old ones may […]Read More who’s leading the tempo in the tango?
A « slow start to the week is prevailing everywhere »… which is an expert way to say « I don’t have much to say, I’m sorry». To feed you with a fresh number, ex Blsea, we understood Bunge linked with 30,000-tonnes 10% grains from Tuapse to Morocco at $16.00 with 8,000 tonnes load and 5,000 tonnes discharge. Don’t […]Read More Novruz period may lead to a quiet chartering week. or may not.
Marketwise a kind of a positive week for owners is ending. BDI raise (+ 110) mainly driven by Capers (+624), when Panamaxes ladies to the contrary losing momentum (-103), Supras stable (-5) and handies showing their capacity of resilience and slowly but firmingly ( ?) above 500 mark (+13). BHSI routes are all on positive trend. […]Read More fix and drink for free. Shipping promo of the day. Who’s in?
Whichever the newspaper you read, you’ll find stories about State confidential documents leaks into public sphere. Snowden, Assange, Mossack Fonseca can testify massive private states documents leaks is a dangerous game. Now the new hit is about Fake news. Any good reasons why Shipping shall remain off information leaks and fake news ? As mentionned yesterday, […]Read More chartering leaks, PandC clause, Fake news and shipping
Good day, Chartering market still on the upward trend, some brokers are questionning how sustainable can it be in the Far Eastern market arguing « the upward movement has been too fast »… but how quick was that ? Let’s taking a look at some numbers back one month ago compared to today: Panamax […]Read More performance is nothing (or not much) without endurance. Feast chartering market focus
Few fixtures done last week came to our ears, which please find below. Supras / umax : a 55kdwt is said being fixed dop continental Spain via Continent (trust Arag range) to be redelivered to West Africa at something along the $12,500 daily. A 57kdwt has been fixed dely north Brazil for a time charter trip […]Read More enjoy the weather before it gets stormy again