Tanker Weekly – February 14, 2011
Baltic Dirty Tanker Index rose 5.7%; Baltic Clean Tanker Index fell 3.5%.
Some supply/demand tightens into the end of February, but my guess is that supply will emerge and rates will remain range bound.
Archive for the ‘Shipping’ Category
Dry Bulk Weekly – February 7, 2011
Baltic dry index fell 8.3% last week; Capesize Index was down 5.0%; Panamax Index rose 0.8%; Supramax Index decreased 9.8%; Handysize Index fell 10.9%.
Stockpile data was not reported last week because Chinese holidays. Iron ore price fell 4%.
We could see some improvement after the lunar new year; Keeping close watch on Egypt developments.
Tanker Weekly – February 5, 2011
Baltic Dirty Tanker Index rose 1.5%; Baltic Clean Tanker Index fell 1.7%.
Again: too many available ships for the cargoes offered. We could see some positive freight rate developments if Egypt unrests affect Suez canal normal operation.
Dry Bulk Weekly – January 31, 2011
Baltic dry index fell 17.0% last week; Capesize Index was down 12.1%; Panamax Index fell 19.0%; Supramax Index decreased 15.3%; Handysize Index fell 7.1%.
Iron ore stockpiles in Chinese ports at all-time high, iron ore demand will be weaker because of lunar new year (February 3rd). All this looks quite negative for dry bulk rates.
Dry bulk companies news flow very negative with Korea line receivership and Excel maritime postponing $250 million debt offering.
We could see some improvement after the lunar new year; Keeping close watch on Egypt developments.
Tanker Weekly – January 30, 2011
Baltic Dirty Tanker Index fell 0.9%; Baltic Clean Tanker Index rose 1.7%.
My comment remains the same: too many available ships for the cargoes offered. We could see some positive freight rate developments if Egypt unrests affect Suez canal normal operation.
Dry Bulk Weekly – January 24, 2011
Baltic dry index fell 4.8% last week; Capesize Index was down 2.4%; Panamax Index fell 14.2%; Supramax Index rose 2.4%; Handysize Index was up 1.6%.
Iron ore stockpiles in Chinese ports at all-time high, iron ore demand will be weaker because of lunar new year (February 3rd). All this looks quite negative for dry bulk rates.
Tanker Weekly – January 23, 2011
Baltic Dirty Tanker Index fell 7.6%; Baltic Clean Tanker Index rose 0.2%.
My comment remains the same: too many available ships for the cargoes offered. From the crude oil demand side it also feels the bullishness from the end of the last year has abated.
Dry Bulk Weekly – January 17, 2011
Baltic dry index fell 5.3% last week; Capesize Index was down 14.5%; Panamax Index fell 0.7%; Supramax Index rose 3.9%; Handysize Index fell 0.6%.
Iron ore stockpiles have risen a bit despite Queensland floods, that’s kind of worrying because despite Queensland supply disruptions there is no apparent physical lack of iron ore. On the other hand it seems Baltic dry index is forming a bottom at 1.500 level.
Tanker Weekly – January 16, 2011
Baltic Dirty Tanker Index fell 7.3%; Baltic Clean Tanker Index rose 2.4%.
Markets well supplied with ships available, clean rates probably rose on clean products being shipped to tight West European markets.
Baltic Dry Index At 1480, Down 1.0%
Down 1.0%. It keeps going down…
Dry Bulk Weekly – January 10, 2011
Baltic dry index fell 14.3% in the last two weeks; Capesize Index was down 20.5%; Panamax Index rose 4.9%; Supramax Index was down 10.2%; Handysize Index fell 7.1%.
Iron stockpiles & steel inventory mostly unchanged; Iron ore and steel prices stable. Today’s China trade balance data was weak and I would be careful until we find out whether is it government orchestrated year end slowdown or a genuine one.
Tanker Weekly – January 9, 2011
Baltic Dirty Tanker Index fell 25.3% in last two weeks; Baltic Clean Tanker Index fell 18.4% in the same period.
To repeat: Large oversupply of ships in the Gulf. Somewhat strange that cost of shipping fell so much during crude oil price rally.
Baltic Dry Index At 1519, Down 1.6%
Down 1.6%.
Baltic Dry Index At 1544, Down 4.8%
Yes…Queensland commodity exports are frozen because of floods, but nevertheless this is looking quite ugly.
Baltic Tanker Indexes Collapse During Hollidays
Baltic Dirty Tanker Index fell 21.4%; Baltic Clean Tanker Index fell 17.4% during the holidays.
Large oversupply of ships in the Gulf. Somewhat strange that cost of shipping fell do much during crude oil price rally.