Tanker Weekly – August 29, 2011
Baltic Dirty Tanker Index rose 0.6%; Baltic Clean Tanker Index was unchanged.
High volume of fixing, but supply more than enough to cover the demand.
Archive for August 29th, 2011
U.S. Personal Income Rose 0.3% In July; U.S. Consumer Spending Rose 0.8%
U.S. personal income rose 0.3% in July vs. 0.3% consensus and 0.2% rise in June (revised up 0.1%). On y-o-y level personal income is up 5.3%.
Dry Bulk Weekly – August 29, 2011
Baltic dry index rose 5.4% last week; Capesize Index was up 5.7%; Panamax Index rose 2.6%; Supramax Index was up 3.7%; Handysize Index rose 2.9%.
My feeling is that the rate increases are mostly sentiment driven and not backed by supply and demand fundamentals.
Iron ore inventory at new all time high, price edging up; Steel inventory and price stable; Coal inventory and price also stable.