Baltic Dry Index At 1693, Down 4.3%
Baltic Dry Index fell 4.3% today while Queensland floods worsened.
Archive for the ‘Shipping’ Category
Baltic Dry Index At 1693, Down 4.5%
Baltic exchange released it’s first pricing after Christmas. Baltic Dry Index was reported down 4.5% at 1,693. Lowest reading since April 2009.
Dry Bulk Weekly – December 27, 2010
Baltic dry index fell 11.3% last week; Capesize Index was down 13.8%; Panamax Index fell 9.4%; Supramax Index was down 7.4%; Handysize Index fell 1.2%.
I’m getting a little bit worried but to repeat last week’s comment: Iron stockpiles & steel inventory mostly unchanged; Iron ore and steel prices stable. No indication of any major disruptions in Chinese economy. Low rates are probably byproduct of excess supply of ships and seasonal factors (weaker construction steel demand in China during winter months).
Tanker Weekly – December 27, 2010
Baltic Dirty Tanker Index fell 0.5%; Baltic Clean Tanker Index fell 3.3%.
Cargoes for first half of January well covered; Markets activity weak because of holidays.
Dry Bulk Weekly – December 20, 2010
Baltic dry index fell 4.6% last week; Capesize Index was up 1.1%; Panamax Index fell 13.6%; Supramax Index was down 3.4%; Handysize Index rose 1.1%.
Iron stockpiles & steel inventory mostly unchanged; Iron ore and steel prices stable. No indication of any major disruptions in Chinese economy. Low rates are probably byproduct of excess supply of ships and seasonal factors (weaker construction steel demand in China during winter months).
Tanker Weekly – December 19, 2010
Baltic Dirty Tanker Index rose 2.4%; Baltic Clean Tanker Index fell 2.7%.
Seasonal effects (cold weather in northern hemisphere; possibility of ice forming in the Baltic Sea) in addition to bullishness in the oil markets are keeping rates at decent levels.
Dry Bulk Weekly – December 13, 2010
Baltic dry index fell 3.4% last week; Capesize Index was down 9.7%; Panamax Index fell 1.1%; Supramax Index rose 4.8%; Handysize Index was up 1.7%.
Iron stockpiles ticked up a bit; Steel inventory falling.
Tanker Weekly – December 13, 2010
Baltic Dirty Tanker Index rose 6.7%; Baltic Clean Tanker Index rose 1.4%.
Oil price action and sentiment spilling over to tanker market. No change in supply/demand fundamentals; abundance of available ships.
Dry Bulk Weekly – December 6, 2010
Baltic dry index fell 0.1% last week; Capesize Index was down 7.7%; Panamax Index rose 2.2%; Supramax Index rose 7.2%; Handysize Index was up 3.6%.
Stockpiles of iron ore and steel are falling, so we have no prof of falling demand in China (jet). I still expect Chinese buyers returning to the market and propping rates.
Tanker Weekly – December 4, 2010
Baltic Dirty Tanker Index rose 14.2%; Baltic Clean Tanker Index rose 8.9%.
I would speculate that China resumed its imports pace and propped rates.
Baltic Dry Index Down 24.6% From Recent High
It look like it will bottom last week, but it keeps on coming down…
Dry Bulk Weekly – November 29, 2010
Very nervous and volatile week. Markets again on crossroad; to reiterate my view: I expect rate recovery in near term, if rates fail to rebound and if Chinese commodity demand doesn’t return soon I would be very worried.
Tanker Weekly – November 27, 2010
Baltic Dirty Tanker Index fell 4.8%; Baltic Clean Tanker Index rose 4.0%.
Back to normal: supply of ships outweighing demand.
Dry Bulk Weekly – November 22, 2010
Baltic dry index fell 6.8% last week; Capesize Index was down 2.4%; Panamax Index fell 13.8%; Supramax Index was down 8.4%; Handysize Index fell 5.4%.
Capsize Index started forming a bottom; Steel inventory falling; As I wrote last Monday I expect Chinese buyers returning to the market soon and substantial ramp up in iron ore imports.
Tanker Weekly – November 20, 2010
Baltic Dirty Tanker Index rose 9.8%; Baltic Clean Tanker Index rose 13.6%.
Rates rose on falling crude oil stocks and distillate demand from China…