Archive for March 14th, 2010

Tanker Weekly – 14 March, 2010

Baltic Dirty Tanker Index rose 5.2% last week while Baltic Clean Tanker Index rose o.3%. Demand picked up slightly, pushing the prices and demand slightly. Chart 1. Baltic Tanker Indexes Relative Performance Chart 2. Baltic Tanker Indexes

Dry Bulk Weekly – 14 March, 2010

Baltic dry index rose 8.1% in the last week. Capesize, Supramax and Handysize Index outperformed the BDI, Panamax Index underperformed. Rumors in the iron ore market continue; worlds largest iron ore producer Vale even thinking on abandoning yearly price fixing and selling iron ore on spot market. There is a great disparity between iron ore […]

China Will Follow It’s Own Path

Chinese Prime Minister Mr. Wen Jiabao delivered a pretty straight forward answer on the U.S. led calls for a yuan appreciation. China official stance is: Yuan is not undervalued; the calls for a Yuan appreciation are clear protectionist acts  – they plan to support China export led growth; China is concerned about its U.S. dollar […]

 

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