Dry Bulk Weekly – February 14, 2011

February 14th, 2011 by Belisarius

(For The Week Ending February 11, 2011)

Baltic dry index rose 12.9% last week; Capesize Index was up 13.5%; Panamax Index rose 20.2%; Supramax Index increased 3.9%; Handysize Index rose 0.9%.

Shipping rates rose after the lunar new year as Chinese buyers returned to the markets

Stockpiles of iron ore, steel and coke are rising in-sync with their respected prices. Buyers probably stockpiling in fear of even higher prices.

I would expect further gains in rates; Still keeping close watch on Egypt developments.

 

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This entry was posted on Monday, February 14th, 2011 at 5:43 am and is filed under China, Commodities, Dry Bulk Weekly, Shipping. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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