FOMC Statement – April 25, 2012
As expected, a non-event.
Statement wording mostly unchanged, federal funds rates at exceptionally low levels at least through late 2014.
A full statement with changes tracked bellow.
Archive for April, 2012
Tanker Weekly – April 21, 2012
Baltic Dirty Tanker Index fell 5.4%; Baltic Clean Tanker Index fell 0.6%.
Same as with dry bulk…nothing changed.
April HSBC/Markit China PMI At 49.1
HSBC/Markit PMI rose from 48.3 to 49.1.
Large discrepancy between HSBC/Markit and “official” PMI. Looks like a slight overreaction by the markets (if we view this in isolation).
Dry Bulk Weekly – April 23, 2012
Baltic dry index rose 9.8% last week; Capesize Index was down 2.5%; Panamax Index rose 28.4%; Supramax Index was up 9.0%; Handysize Index rose 4.1%.
Iron ore inventory at Chinese ports fell in the recent weeks; price pretty much unchanged. Steel stockpiles fell from all time-high, but remained at elevated levels while price remained flat. Thermal coal inventory fell further, price moved a bit higher lower.
I didn’t post for a while, but nothing material happened in the shipping markets during that time.