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 […]

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 […]

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 […]

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 […]

  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 […]

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 […]

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 […]