stratospheric! you bet it is

« Stratospheric » is the word used this morning to describe the Capes movements by BMTI. It might be bit too much knowing Index related to this comment is only +76 and still below 1,800. Likewise today, BCI took a rest and added only +20pts. And you might accuse me to be cold feet but 1,219 on […]

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quote of the day, maybe of the week

 «Off the continent, Ultramax owners have already been talking a very high US$20,000 daily for baltic to the far East that involves ice-trading. But brokers warn that without ice-trading the rate may not be even as high as $US20,000 daily » Here we have the quote of the day, maybe even the week : «But brokers warn […]

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new buildings

No big move to report in comparison to last friday market report. Some would say “yeah, normal it’s a Monday, what did you expect?” as if it would be normal not to expect anything on a Monday (because it’ s the first day of the occidentalweek), likewise for the Friday (because, you would have guessed […]

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reading between the lines

“Capesizes ride on the whims of market emotion“, Bmti hired a poet today. A poet doing a nice analogy, putting together bitcoins roller coaster with Capes index. Not being a poet, I would have said, Capes and Bitcoins are behaving like chicken. Moving one way or the other, backward, forward, without any rational, just moving, […]

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short and sweet (sweet hopefully)

I’m not on strike of doing reports eventhough I’m french but I let you go through this one on your own. And let you go through this Bloomberg article. https://www.bloomberg.com/news/articles/2018-01-09/more-mega-ships-are-a-big-problem-for-cargo-carriers Also owners shall be worried (but not too much) when they realize GASC (Egyptian office in charge of wheat importation (Egypt being biggest wheat importer […]

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