Archive for September 5th, 2011

Tanker Weekly – September 5, 2011

Both indexes were unchanged last week.

Dry Bulk Weekly – September 5, 2011

Baltic dry index rose 12.9% last week; Capesize Index was up 26.8%; Panamax Index fell 1.3%; Supramax Index was down 0.6%; Handysize Index rose 0.4%.

My feeling is that the rate increases are mostly sentiment driven and not backed by supply and demand fundamentals.

Iron ore inventory close to all time high, price edging up; Steel inventory and price stable; Coal inventory and price also stable.

 

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