Tanker Weekly – July 31, 2010
Baltic Dirty Tanker Index fell 7.5%; Baltic Clean Tanker Index fell 5.5%. Nothing new here…supply overweighting demand. Chart 1. Baltic Tanker Indexes Relative Performance Chart 2. Baltic Tanker Indexes
Archive for the ‘Shipping’ Category
Dry Bulk Weekly – July 24, 2010
Baltic dry index rose 6.2% last week; Capesize Index gained 1.9%; Panamax Index rose 12.9%; Supramax and Handysizes Indexes gained 4.6% and 3.6% respectively. Commodore Research July 21, 2010: One of the most troubling signs in the Chinese economy at the moment is therecent (and relatively long-lasting) decline in steel prices. Steel prices have fallen consistently since theend […]
Tanker Weekly – July 24, 2010
Baltic Dirty Tanker Index rose 3.5%; Baltic Clean Tanker Index rose 0.6%. Again, soft markets, supply eased a little bit, but still high. Chart 1. Baltic Tanker Indexes Relative Performance Chart 2. Baltic Tanker Indexes
Dry Bulk Weekly – July 18, 2010
Baltic dry index fell 9.6% last week; The hardest hit were Capesizes with 20.3% loss; Supramaxes and Handysizes and lost 8.1% and 5.9%; Panamaxes gained 7.6%. Spot cargo demand fell last week, looks like everybody’s playing wait and see game. Nothing that could reverse the losses on the horizon. Chart 1. Baltic Dry Indexes Relative Performance Chart 2. […]
Tanker Weekly – July 17, 2010
Baltic Dirty Tanker Index rose 4.5%; Baltic Clean Tanker Index rose 3.0%. Demand supply balance improved a bit (the number of available vessels fell), but nothing major here. Chart 1. Baltic Tanker Indexes Relative Performance Chart 2. Baltic Tanker Indexes
Dry Bulk Weekly – July 11, 2010
Baltic dry index fell 16.6% last week; The hardest hit were Panamaxes with 20.6% loss; Capesizes lost 20.0% ; Handysizes and Supramaxes lost 10.3% and 8.9%. Chinese tax rebates on hot-rolled coil and some cold-rolled coil and galvanized products will be removed starting July 15. This makes Chinese steel exports uncompetitive and it is moving the markets. Chinese steel […]
Tanker Weekly – July 11, 2010
Baltic Dirty Tanker Index fell 4.2%; Baltic Clean Tanker Index rose 0.5%. In short, the supply of vessels overwhelms cargoes needed to be transported for at least following month. Chart 1. Baltic Tanker Indexes Relative Performance Chart 2. Baltic Tanker Indexes
Dry Bulk Weekly – July 4, 2010
Baltic dry index fell 8.8% last week; The hardest hit were Panamaxes with 19.6% loss; Supramaxes lost 6.0% ; Handysizes and Capesizes lost 5.4% and 3.3% . It looks like the Baltic Dry Index was not bottoming last week after all. Panamaxes which were more stable sector than the Capsize sector played catchup and collapsed. That was not […]
Tanker Weekly – July 4, 2010
Baltic Dirty Tanker Index fell 9.4%; Baltic Clean Tanker Index rose 8.0%. Dirty rates falling on abundant supply (multiple ships competing for a single cargo), clean rates rebounding on increased hauling of petrochemical cargoes. The drop in demand for crude oil is another factor confirming economic slowdown. Chart 1. Baltic Tanker Indexes Relative Performance Chart 2. Baltic Tanker Indexes
Dry Bulk Weekly – June 26, 2010
Baltic dry index fell 7.2% last week; The hardest hit, again, were Capesizes with 13.3% loss; Supramaxes and Handysizes lost 4.9% and 5.2%; Panamaxes gained 2.2% . It looks the baltic dry index is bottoming. The action was in the capesize sector, so Chinese iron ore demand is the game as a consequence of reduced steel margins . Panamax […]
Tanker Weekly – June 26, 2010
Baltic Dirty Tanker Index fell 0.9%; Baltic Clean Tanker Index rose 9.3%. June cargoes are well covered with available vessels, it is hard to expect any meaningful rebound since supply of available vessels is abundant. Chart 1. Baltic Tanker Indexes Relative Performance Chart 2. Baltic Tanker Indexes
Dry Bulk Weekly – June 21, 2010
Baltic dry index fell 18.1% last week; The hardest hit, again, were Capesizes with 26.7% loss. Panamaxes lost 11.3% ; Supramaxes and Handysizes lost 7.4% and 6.5%. China and Taiwan were on holiday from Monday to Wednesday, seasonal weakness and new-buildings hitting the markets all contributed to the dry freight rates falling. Will we have more than a seasonal weakness remains to […]
Tanker Weekly – June 21, 2010
Baltic Dirty Tanker Index rose 1.4%; Baltic Clean Tanker Index rose 5.9%. Steady supply of vessel keeps rates low, and the market action is slow. Chart 1. Baltic Tanker Indexes Relative Performance Chart 2. Baltic Tanker Indexes
Dry Bulk Weekly – June 14, 2010
Baltic dry index fell 14.5% last week; The hardest hit were Capesizes with 16.3% loss and Panamaxes with 13.3% loss; Supramaxes and Handysizes lost 12.1% and 6.5%. Platou Markets: Chinese iron ore imports fell to 51.9 mt in May from 55.3 mt in April. After being up 11.7% for the first four months of the year, […]
Tanker Weekly – June 14, 2010
Baltic Dirty Tanker Index rose 1.0%; Baltic Clean Tanker Index rose 1.6%. U.S. gulf / Europe arbitrage showing some signs of life; but overall the demand for wet transport is weak. Chart 1. Baltic Tanker Indexes Relative Performance Chart 2. Baltic Tanker Indexes