Difficult to bring some good news in this depressed freight market in the drybulk sector. Such market drop was obviously not anticipated much by much players in the industry. Of course, we all know Q1 is always a difficult time of the year. For 2019 we shall add « very » in front of « difficult ». The competition […]Read More drybulk shipping market. Mercyless competition
Listen carefully this sound The sound of the shipping market which could summarize the week. So chic ! While BMTI is talking about trying to find where is the safety net for the free falling Capesize I would be tempted to say not only the Capes are the ones suffering. Obviously the safety net is not […]Read More sound of the deflating shipping market
This is the time of the year when polite people are sending their best wishes to their contacts for the new year. The etiquette is ruling you have until 31st jan to make and pass these wishes. Funnily enough the etiquette does not impose anybody to really mean -or not- the wishes you’re adressing to […]Read More happy and prosperous year
summary of -the about to end year-, based on indexes move. In very short, all these 365 days to end up almost at the same place. 2nd january 2018 24th december 2018 BDI were at 1,230 1,271 BCI were at 2,281 1,905 BPI were at 1,340 1,421 BSI were at 901 […]Read More 2018 drybulk shipping year in short
Trying to come back with some market comments. Don’t celebrate too much right now, I won’t come back on daily basis. But I’ll try to find a twice a week pace or something like this. Maybe more maybe less, I’m a free man ! And if you were part of those being happy not to have […]Read More all about beans?
After a rather long break on this blog, with nothing published in the last month*, I’m back with something which inspired me today and happy to share. (*not that nothing happened in the daily chartering side but somehow, it’s always the same mechanics which are occuring in the chartering. And commenting on daily basis the […]Read More shipping and social networks
The black sea revival on the supras and bigger ladies mentionned yesterday is looking like to be quite concrete. Mainly these grains cargoes are heading to FEAST / ASIA and despite few may believe this upward will sooner or later impact also the handies, I am, bit more doubtful. Right now too many handies are […]Read More is black sea colour really black?
« $8,250 daily agreed on a 33/35000dwt from Rouen to Algeria » shall bring on the basis of 10,000x at load / 2,500x at discharge with 32’sw in Algeria somewhere between $18.00pmt and $18.50pmt sub intake and vessel’s specs. Couple of operators are seen on the market for this requirement, trust, cargoes booked from charterers back in […]Read More super market is not for super shipping -yet-
I could read in yesterday’s BMTI report « desperate owners w a vessel open Algeria tried to attract scrap chrtrs at $9,500 faily from algeria via continent to East Med ». To me such owners open w/ a handy in Algeria coming at this level is everything but not desperate. BRAVE would be a more accurate way […]Read More All is a matter of perspective
Another good excuse is found to explain the lack of activity on the chartering market. (Not that nothing is happening, but what’s fixed is barely proving to chartering market is in good shape). The excuse is now about European holidays coming in (and « sluggish summer industrial tends setting in »). To me, if I were to […]Read More aim of Consolidation? is it to get more solid?