(For The Week Ending April 20, 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 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.
I didn’t post for a while, but nothing material happened in the shipping markets during that time.