This picture above was taken yesterday just outside of a broker main event, and this is summarizing, in a way the joy of the brokers’ life… being positive, at least, apparently all will manage to have their share of the “cake”… Owners are impatients to get this month of May 2017 left behind and hoping […]

Read More Side effects of a losy shipping market

Well, it must have. No ships, up to my knowledge has been named “Ocean Crap’ or “rusty bucket” or ‘last chance’. To the contrary, shipowners trying to be creative and positive, to bring good mood and luck on their ships at Sea; For example, Mv ‘perseverance’, this is quite a nice name for a ship, […]

Read More Does the ship name has an importance for Owners?

Few info to conclude this week : Ex blsea : for handies dely Canakkale with redel East med, owners hoping to obtain $9,000 if not then $8,500 when charterers are more in $6,500, try $7,000 mood. To Egypt, handy stems are concluded  in the $12.50/13.00 pmt on standard terms. To west Med, As mentionned yesterday, stem from […]

Read More drybulk handies week in summary and the flowers are for Mum

Lucky you what we can read in couple of today’s market report was already passed to you yesterday in our (so) bright( !) market report. Lucky you again, if you read the below, you shall still learn few things, such like ex Black Sea: Lucky (or smart) owners of a 37,000dwt managed to book the ship […]

Read More lucky you, you have a shipping market digest here

Mv ‘Inoi’ 2010-built 32,301-dwt is reported fixed at $8,000 per day basis delivery US Gulf to Algeria with grains. Taking Houston (being last dischport for the vsl so no ballast) with 7000x in to Annaba with 32’swad and 2500x out, this is giving a voyage equivalent somewhere around $23.50/24.00 sub vsl exact intake. Same destination, […]

Read More the frog and ox (was written 1668/1694) and shipping-trading

Is it me or the market ? for sure since beginning of the week whichever the market report / analysis I’m given to read, I hardly can find anything exciting.  For instance, BMTI, which we have subscribed here (and we like that) keeps talking about coasters or any kind of business segment on which honestly we […]

Read More Do shipping market reports all need to be boring to be taken as serious ones?

Half of May is behind us and so far, the drybulk market softening is in and shall keep going on, as a comparison : 18th April 2017 (day after Easter Monday) BDI @1,294 / BCI @2,220 / BPI @1,621 / BSI @898 / BHSI @563 2nd May 2017 (day after international work day) BDI @1,073 / […]

Read More chartering drybulk market to start with week 20

Size has never been the key thing generally speaking. Unless you’re a boxer champion in which case it’s easier to be tall and light for example, unless you need to park your SUV in your 1970’s designed Parisian underfloor parking, unless you’re a fisherman competitor, unless (please fill in here with your own “unless”)… . […]

Read More Size do not matter ((anymore) in shipping)

This statement is true, not only for the beer industry but surely can apply into the shipping business. We need friends to make the deals happen, we also needs countries being friends together to make the commodity moves from port A to port B. We’ve been told Russia and Turkey are friends again and one […]

Read More making friends is our business?