Global Macro Perspectives
Baltic Dirty Tanker Index fell 2.4% last week while Baltic Clean Tanker Index fell 3.8%. Similar as in dry bulk everybody waits for Chinese buyers/charterers to return to markets. With winter season being nearly over we will probably have a seasonal weakness here till at least April when driving demand kicks in. Chart 1. Baltic […]
Baltic dry index rose 5.6% in the last week. Capesize Index outperformed the BDI, Panamax Index was in line, while Supramax and Handysize Index underperformed. The market action seems like a result of market participants fixing Capesize vessels in anticipation of China return to the markets after the this week New Year celebration and on […]
Baltic dry index fell 5.3% in the last week. Panamaxes outperformed the BDI, while Capesizes underperformed. For the time being dry freight weakness is due the slowdown of Chinese imports because of Chinese New Year and accompanying. This is also a reason for Capesize underperformance because this type of ships usually haul iron ore and […]