+361 on the BHSI index is what we can see in today’s BMTI market report. Reporting yesterday’s indexes. ALLELUIA. BHSI index is therefore back to september 2010 levels, flirting with the 1,000 shreshold (952 precisely). That’s nice and as some love to believe, this is the proof Market is a BEAST with no-one, nobody being […]Read More better to double check info before opening up the champagne
Slow start of the week. And my bet to tell this week will be for shipping a « wait and see » one. Between the politics in one side : G7 feedback (and any new trading restrictions which may come up) Trump Kim Jong Un summit Opec’s decisions about oil pricing politic And on the other side the […]Read More Wait and see – 기다리고 보아라 – applies also in shipping
The fixture mentionned by BMTI « another 33/34,000 dwt has been fixedbelow US$10,000 daily for a trip to Med » is most probably this fixture mentionned this afternoon in the Baltex. Mv ‘Emerald Bay’ 2008 built 32,258dwt dely USG prompt redel Tunisia intention Grains at US$9,500 »… Having found back my famous old school abacus, I’ve run an […]Read More shipping and drybulk -few thoughts and comments- (and Tce/voyage estimates)
Are capes in revival mood ? Looking like, at least on the index. And Capes are the main driver for the BDI raise, see below the moves 7th june vs 29th may vs 14th May BDI 1,395 vs 1,057 vs 1,476 BCI 2,220 vs 1,324 vs 2,635 BPI 1,344 vs 1,163 […]Read More When shipOwners have a super idea
On 1st of june I was writting this « Bmti’s mentionning $12,500 daily (trust APS) for a 39kdwt fixed for a Rouen to algeria trade, adding « which equates to $18/mt on the bss of 33,000mt intake ». I can take all the figures on a nice super eco super intake ship put them in the shaker, and […]Read More plastic straw shipping & Posidonia Event
We have talked quite a bit in the last weeks about the Owners and the arsh figures they’re getting on their plate. Some may believe such situation would be a nice opportunity for Operators to jump in and take benefit from low market to secure cheap ships and then trade them on the market, either […]Read More share your plate. (if you want)
Bunkers have been in the center of discussions this week while discussing with both, owners and charterers. The latters, while willing to consider ships on TcT or Period are asking what’s the Bunkers on Board on Delivery. Depending on which area of the world the ship is, refilling the tanks is not the best way […]Read More what’s been hot this week in shipping?
« Theory is when you know everything but nothing works. Practice is when everything works but no one knows why. In Shipping nowadays, theory and practice are combined : nothing works and no one knows why ». This could be the summary of today’s sentiment on the shipping/chartering market. At least here ! We are often asked to give […]Read More In theory shipping is simple
Quiet Monday with Greeks (among others) being off. But Greeks are weighting from 17% to 20% (depending who’s calculating. If it’s Clarksons, they weight 17%, if it Greek Shipowners assocation the weight is at 20%) of the overall fleet at sea. You can find the full article here. Worth to note also, German shipowners seems […]Read More Shipping from Germany to Greece?
If you had a chance to read Bmti’s report today, the “from the desk of a continental shipbroker”, Klaipeda looking like the main focus from this shipbroker (not to mention the name of the charterers). So Fertz ex Klaipeda to Up River fixed around $28/mt bss 1-1 could be this biz which we saw on […]Read More Figures matter. no little profit