Dry Bulk Weekly – February 14, 2011
(For The Week Ending February 11, 2011)
Baltic dry index rose 12.9% last week; Capesize Index was up 13.5%; Panamax Index rose 20.2%; Supramax Index increased 3.9%; Handysize Index rose 0.9%.
Shipping rates rose after the lunar new year as Chinese buyers returned to the markets
Stockpiles of iron ore, steel and coke are rising in-sync with their respected prices. Buyers probably stockpiling in fear of even higher prices.
I would expect further gains in rates; Still keeping close watch on Egypt developments.
Baltic Dry Index, China, Coal, Dry Bulk, Iron Ore, Shipping, Steel