Global Macro Perspectives
Important U.S. earnings this week: Monday: Hospitality Properties Trust (HPT), Salix Pharmaceuticals (SLXP), Tyson Foods (TSN), Quicksilver Resources (KWK), King Pharmaceuticals (KG), Hawaiian Electric Industries (HE), Scripps Networks Interactive (SNI) Tuesday: CareFusion (CFN), The Scotts Miracle Group (SMG), Walt Disney (DIS), Fossil (FOSL), TW Telecom (TWTC), Gartner (IT), Cree (CREE) Wednesday: Cisco Systems (CSCO), Dril-Quip […]
Baltic dry index rose 3.2% last week; Capesize Index gained 14.2%; Panamax Index fell -1.2%; Handysizes and Supramax Indexes gained -3.6% and -1.6% respectively. Positive recent developments: Russia grain export ban – increasing ton-mile relation; India imposing additional iron ore export tariffs – also increasing ton-mile relation; improved China steel prices and reduced China steel stockpiles. Negative recent developments: All time […]
Baltic Dirty Tanker Index fell 2.1%; Baltic Clean Tanker Index fell 4.5%. Arabian Gulf tonnage supply at 8 year high. Chart 1. Baltic Tanker Indexes Relative Performance Chart 2. Baltic Tanker Indexes