Good day, good morning,
all indexes today’s are showing green numbers, last time it was green day was on 21st August when BDI was showing 1,266 and Capers 2,584. Bit of a loss in the last 12 business days, but let’s be positive and believe the quiet summer period is behind us.
Market remains difficult to read and anticipate with for example, as mentionned in Bmti today, ex continent to supras been said fixed for similar trade, one at $8,750 and another one at $10,250. Specs of the ships can hardly explain such difference on the daily hire. Difficulties to read the market is also surely due to alternative options on which traders are working to replace their requirements from the USG, where the situation will surely take quite a time to come back to pre-hurricane situation.
When it comes to grains, Black Sea seems to be a fairly tangible option. Owners putting quite a lot of hopes on the Russian/Ukrain grains exports in the next months and ships supras and bigger are managing to get quite good activity enabling daily hire equivalent to be fairly decent, $20,000 daily for a front haul, when the similar route on the supra 58kdwt is said being worth $18,900 today. So far, handies are still struggling to get their share of the pie from Black sea, again this might change in the next days if a swap ex USG is made with sources ex Black Sea.
Should you need to be convinced about the Russian role in grains supply in the next years, please have a go on this article .
Germany will remain a key player to quench your thirst, with their good hop crop , unfortunately, volume we are talking about is surely not enough to keep handies busy all year long.
Finally, talking still about market trends, UK ports are handling less cargoes than in previous years, mainly due to less coal needs and to a larger scale, sustainable energy expansion is not really drybulk players friends, until ships will be needed to carry the wind, and enjoy Paddock’s experience
and if you wonder about shipping gas emissions in 2015 you can have access to this full report , regards