« 38,000mt Ust-Luga to Santos rated by owners at $7/mt when charterers having in mind $4/mt ». $4/mt means total freight at $152,000 for a 6,500 nautic miles & 32/33 days trip. This must be a typo mistake. The biz is seen here asf « 38000 M/M BLK SULPHUR APP CUST LUGA / SANTOS 25-27 AUG 12000 SHINC / […]Read More handies around the world or so
Last time BDI was climbing above 1,200 we need to go back to end March 2017. It was a 1 month (grace ?) period above this mark and since then on 5th june 2017, BDI was back close to the 800 mark (819 precisely). Today’s BDI raise is mainly driven by the Capes when all others […]Read More Capes are not boxing in the same category
If you really want to see strange(r) things, forget about your Netflix subscription and come and join the shipping Industry. We have full of weirdos in our community, thanks God most of them are nice. Weirdos but nice in a nutshell. Not sure if you’re in the daily circular of this one, sending few times […]Read More stranger things is not only on Netflix.
While OPEC were fairly confident about Oil demand in the next months/year no later than this Tuesday, the International Energy Agency has an absolute other vision and forecasting lower consumption from China and India. As a result, Barrel of WTI is down by 2% and getting back below $50 per barrel. According to PBES, « batteries […]Read More construction fail and that’s impacting shipping also
“dull” is going to be elected the word of the week by BMTI, unless it’s “lull” (for the ones, like me, not being English speakers but more 100% froggies (“lull” = “Accalmie” and “dull” = “terne”). Dull does not necessarly means boring, except in oregon. Continent/baltic: Scrap activity is not enough to keep 5 digits […]Read More dull and lull words of the week in shipping
Listen to this song again, close your eyes and take it “I” being a ship (not Neymar jr), Neymar could be the rich man… not leaving in Monaco nor Las Vegas but in Paris or around Is checking information and datas enough to understand market, not quite sure… Today’s bdi is mentionning 2 fixtures […]Read More money money money
8 august 2017, 9 year ago it was the kick off the Beijing Olympic Games and the antechamber of the crisis we are going through… with Chinese stopping heavy and unrealistic importations to make « china looking Great » for the Olympics. Here you have « 13 reasons why » you should read this report 1/ starting with China. […]Read More 13 reasons why you should read this shipping market comment
Friday afternoon, let’s put a final end to this « Queen Bee » concept by adding a « r » at the end, and trust all of you will agree, what really matter is to enjoy a fresh « Queen Beer » to start on the right way the week-end. To enjoy this, sale 4 or 5 of your DRY’s or […]Read More final end to the “Queen Bee” concept
The “Queen Bee” theory developped here one week ago (last friday precisely is shipping industry comparable to the bee social set up?) happened to be more controversial than expected. Owners reading in copy, applauded the concept of their lovely ladies being in the center of our shipping world, claiming “no ships no transportation by sea” […]Read More Shipping and Queen bee part B
When big house brokerage is stating « DryPmx: Most owners reluctant to rush rating/fixing today: More mrkt positivity needed tomorrow to reinforce the idea that a recovery is due » you can read/understand « boring day for the brokers involved in the Panamax segment as nothing happened » Checking today’s Panamax index, it’s quite flattish and market wondering […]Read More ships, ships, ships and ships again. Who’s going to build them in the future?