looking like shipping markets (yes with a “s” as each area/size showing different situation when it comes to supply& demand (the definition of a market) are seeing various adjustments. On the handies, ECSA is looking like being in better shape, while BLSEA seems to be softening a bit. Likewise, if we take the Handies wheat […]Read More Easter battle in shipping?
You’ve been lazy following market this week, the solution is here with Baltex dry Report on the handies, as mentionned already, “rates from the Pacific continued to climb and showed no signs of weakening”. The “30,000 dwt dop Casa fixed at $12,000 for a trip to West Africa“, looking like Pelagos has been very closed […]Read More yes need to compare apple with apple
Life is tough According to BMTI, and in other words, Tough situation for these charterers who had to face $22,000 daily to secure the « Phoenix Rising » 60417dwt built 2015 delivered in Damietta to go to China via Blsea. Tough time for these charterers who missed the $17.50mt ship to move 28,000mt of wheat ex Kavkaz […]Read More tough life and sweet evening
Not to much inspiration to conclude this week. Owners will be happy to see the BDI being above the 1,200 mark, the BPI being still in positive mood and managing to go through the 1,600 level and the BHSI taking some fresh air in the altitude above the 600. Looking back on the index, these […]Read More no inspiration about shipping market does not mean nothing to say –
At least today few fixtures heard/seen/done on the handies. Ex Cont/Baltic Understood modern 33kdwt open Continental Spain has been fixed for loading next week on Dop bss some steels to USG destination (under or not under Trump’s Tariff) at touch above $8,200 daily. When, you have seen in the Baltic Exchange fixtures report this fixture […]Read More DOP is the magic word – focus on the handy bulkers
Not much changes on the chartering market still with owners being in confident mood, such mood being backed up by the indexes, such indexes being backed up by period interest, such period interests being backed up by owners positive mood, and so on ! Am I describing a bubble ? could it be. Meantime as mentionned yesterday, […]Read More About shipping and few other important things again.
Doing some Maths to start the week with: ‘Grains charterers fixed (ex blsea) to Ireland in the low $20/mt” we can assume this is this GLENCORE cargo which were seen on the market asf ** 30000 MTS 10% GRAINPROD SF ABT 48 WOG CHORNOMORSK OR ODESSA TO 1-2 IRELAND 10.20 MTRS BW FIRST PORT 8000C/6000X […]Read More supply side manageable & demand supportive
Good day, good afternoon, good evening Not much comments to make today, on the chartering market, which from my desk, is surely showing improvement and being rather firm. On the other hand, on the spot market Owners confidence does not feel to be followed by charterers willingness to pay up. Period activity on supras and […]Read More Annual report period
Good day, good afternoon, good evening This sentence could be the right summary of the chartering market for today (this week). « From owners’ point of view the chartering market remains on the right track, despite some irritation developments […] ». Indeed confidence is here, indeed on the spot basis, Owners still have to fight to get […]Read More shipping market is great, but you’re greater