Archive for April 23rd, 2012

Tanker Weekly – April 21, 2012

Baltic Dirty Tanker Index fell 5.4%; Baltic Clean Tanker Index fell 0.6%.

Same as with dry bulk…nothing changed.

April HSBC/Markit China PMI At 49.1

HSBC/Markit PMI rose from 48.3 to 49.1.

Large discrepancy between HSBC/Markit and “official” PMI. Looks like a slight overreaction by the markets (if we view this in isolation).

Dry Bulk Weekly – April 23, 2012

Baltic dry index rose 9.8% last week; Capesize Index was down 2.5%; Panamax Index rose 28.4%; Supramax Index was up 9.0%; Handysize Index rose 4.1%.

Iron ore inventory at Chinese ports fell in the recent weeks; price pretty much unchanged. Steel stockpiles fell from all time-high, but remained at elevated levels while price remained flat. Thermal coal inventory fell further, price moved a bit higher lower.

I didn’t post for a while, but nothing material happened in the shipping markets during that time.


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