Glencore is apparently now obtaining « below $15usdpmt » (hence below their fixing ideas) on this Dunkirk to algeria, bulk wheat stem of 30,000 5pct, which if true is a rather good sign for charterers in need to move their grains from continent in the 10 days to come. Sentiment from Black Sea remains relatively mixed. The […]Read More quick market report before a short break
Dunkirk to algeria, according to bmti, on bulk wheat stem of 30,000 5pct with as mentionned yesterday 15,000c at load, « charterers are proposed tonnage at $15.75, but charterers kept silent », probably thinking « time will help to get better offer on the plate ». In the last weeks, on this specific trade, owners managed to keep the freight […]Read More Only Greeks shipowners can claim to be Greek Shipowners, they are gifted about timing.
Is it a sign stating market is in very good shape? while you’re receiving a circular from brokers based in singapore sent at 11.00pm local time being as follow: “CAN ANYONE HELP US TO REACH OWNS OF BELOW VESSEL? WE HAVE SPOT CARGO FOR HER” and then name/specs/position of the ship…? Owners are so confident […]Read More Where is Waldo?
As mentionned last week, seems owners open with their Supra bulk carrier in east Med are chosing to ballast their ships towards Gibraltar/continent hoping for better market conditions. Likewise on the handies, owners seems happy to leave the black Sea region to west Africa for time charter equivalent below $7,000 daily (dely Canakkale). Handies from […]Read More drybulk shipping market and trading commodities
Very simple question for today, why bothering buying and trading ships, buying and trading commodities, trying to fix principals ships/cargoes when you can simply create your own tequila brand with your best mate, back in 2013, and then once willing to move to something else, sell it for $1billion? And if you’re willing to reply […]Read More have a shot before considering quitting Shipping
Is the handy market getting similar to the coaster market? Becoming mainly a positional market (some would say technical market) with the main market driver being the match and balance in between ship position and cargoes requirements? Forgetting about what some would call fundamentals of the market. We got the feeling here, there could be […]Read More Confidence in chartering & shipping
Good day, good morning, Long time no speak, hope you had a good time and you missed this daily market comments. Starting with the index, the last week drop has been mainly driven by the Capers which lost 332pts in the last 7 days of quotation (from 1,442 to 1,110) tried to be balanced […]Read More need a rolls remotely controlled? Royce doing it with ships
So you know what to say tonight your cocktails parties in Athens or around while suddenly someone is asking you “what do you think about the market?” please find couple of fixtures reported today in BDI about Pacific/SEASIA handy market ‘Asia Pearl VIII’ 20 0 9 35283 dwt dely CJK 16 /17 Jun trip redel […]Read More how to shine at tonight cocktails in Athens and around?
A slow Monday, as we could have expected, with little fresh enquiries seen on the market and the usual game with charterers waiting for the last moment to cover their stem and owners resisting as long as they can knowing the indexes shown on Friday were all back to positive and upward trend (putting aside […]Read More Greece the center of the (shipping) World
Make June the end of May, was the english plans during the elections which occured on their side of the chanel yesterday, it seems May will last longer this year. But I’ll refrain myself to make further comments as we are not here to talk about politics but only about shipping right ? On this basis […]Read More make ships desirable… any strategy?