Tanker Weekly – September 5, 2011
Both indexes were unchanged last week.
Global Macro Perspectives
Both indexes were unchanged last week.
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.
Baltic Dirty Tanker Index rose 0.6%; Baltic Clean Tanker Index was unchanged.
High volume of fixing, but supply more than enough to cover the demand.
Baltic dry index rose 5.4% last week; Capesize Index was up 5.7%; Panamax Index rose 2.6%; Supramax Index was up 3.7%; Handysize Index rose 2.9%.
My feeling is that the rate increases are mostly sentiment driven and not backed by supply and demand fundamentals.
Iron ore inventory at new all time high, price edging up; Steel inventory and price stable; Coal inventory and price also stable.
Baltic dry index rose 13.6% last week; Capesize Index was up 19.9%; Panamax Index rose 5.9%; Supramax Index was up 6.6%; Handysize Index rose 0.9%.
Baltic Dirty Tanker Index fell 2.2%; Baltic Clean Tanker Index rose 0.3%.
Baltic dry index rose 1.5% last week; Capesize Index was up 2.6%; Panamax Index rose 2.2%; Supramax Index was up 0.4%; Handysize Index fell 2.7%.
Iron ore inventory at all time high, price unchanged; Steel inventory and price stable; Thermal coal inventory and price stable.
Baltic Dirty Tanker Index fell 1.0%; Baltic Clean Tanker Index fell 1.2%.
Baltic dry index rose 0.3% last week; Capesize Index was up 3.1%; Panamax Index fell 2.2%; Supramax Index was down 0.7%; Handysize Index fell 2.4%.
Iron ore and steel inventory not reported; prices stable. Thermal coal inventory and price stable.
Baltic Dirty Tanker Index fell 1.6%; Baltic Clean Tanker Index rose 0.9%.
Baltic dry index fell 4.5% last week; Capesize Index was down 5.0%; Panamax Index fell 1.6%; Supramax Index was down 0.9%; Handysize Index fell 3.0%.
Baltic dry index fell 0.1% last week; Capesize Index was up 3.6%; Panamax Index fell 9.9%; Supramax Index was down 1.2%; Handysize Index fell 1.2%.
Iron ore inventory at all time high, price unchanged. Steel inventory declining, price stable. Massive increase in coal stockpiles, price also stable.
Baltic dry index fell 0.1% last week; Capesize Index was up 3.6%; Panamax Index fell 9.9%; Supramax Index was down 1.2%; Handysize Index fell 1.2%.
Large increase in coal stockpiles, no major changes in other categories.
Baltic dry index rose 0.1% last week; Capesize Index was up 8.2%; Panamax Index fell 7.8%; Supramax Index was up 0.2%; Handysize Index fell 1.8%.
Iron ore inventory high, price moved lower; Both steel inventory and price moved lower; In coal both price and inventory moved up. Historically speaking coal inventory is low.