January 7th, 2013 by Belisarius
The fleet is growing slower in tankers than in dry bulk and the order-book is smaller in proportion to the fleet size. The difference is that the volumes are more stable in wet cargo, so overall maybe a bit better situation than in dry bulk, but the diagnose is the same: a lot of scrapping needed to induce some recovery.
Baltic Dirty Tanker Index fell 11.1%; Baltic Clean Tanker Index fell 4.6%.
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January 7th, 2013 by Belisarius
Almost half a year passed since my last post. I have to say I miss my blogging, so one of my New Year decisions was start over, probably not with intensity as in the best days…
In the mean time we had a wild ride with equity and most of the other prices in China, but ultimately (concerning shipping) the result is that we are about where we were 6 months ago, only the dry bulk fleet now is even bigger.
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