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Saturday, 04 September 2010 |
 In general, the market continued the upward movement this week as well (with the exemption of BSI and BHSI). BDI rose by 6.05, while the winner of the week was BCI which
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Saturday, 04 September 2010 |
 The LR1 and LR2 product carriers are now the champions of the tanker market. As of the middle of August, LRs have moved to an unusual position and suddenly overtook VLCCs and Suezmaxes in terms of TCE earnings and
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Saturday, 04 September 2010 |
 It s been a week filled with frustrations for VLCC owners.
Activity DID pick up, in fact it jumped, and bad weather DID
threaten to cause operational problems in the Pacific. Still, they
were not able to move the market a single inch and towards the
end of the
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Saturday, 04 September 2010 |
 Capes reveal plenty of energy yet as the BCI climbs by 3% at the start of a foreshortened week, boosted by a return to the market on the part of renewed far East demand, then proceeded to keep climbing over the week
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Saturday, 04 September 2010 |
 Week 35/10 ended with exceptionally quiet movement in the newbuilding market while the sentiment
in the dry freight market continues positive with BDI closing at 2,876 points, up 1,176 points since
mid of July. The highest activity has been
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Thursday, 02 September 2010 |
 Even though VLCC owners have made every effort to reverse the recent spate of low rates in the MEG market, their attempt has been largely unsuccessful, and the most flattering commentary we can make is that the
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Wednesday, 01 September 2010 |
 Shipping shares in Asia advanced today, as the Baltic Dry Index pushed up its 12-day rise to 41%. Average earnings for Capesizes more than doubled over the course of last week to $28,100 a day, while Panamax rates jumped 15% week on week to $18,700 a day
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Tuesday, 31 August 2010 |
Freight rates continue to ease for Capes as mineral cargo demand fails thus far to rise to the occasion, congestion eases and the overheated paper market cools down. In the Pacific , NoPac rounds are still seeing
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Tuesday, 31 August 2010 |
 The Pacific Capesize Index has eased to 7,754 points from the 10-week high of 7,888 points last week, down 2% week-on-week. Pacific round voyage earnings for 172kdwt vessels dropped by $1,500/day one week earlier to the current Download
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Tuesday, 31 August 2010 |
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After rising for five consecutive weeks, the Atlantic Capesize index fell by 820 points (-8%) week-on-week to 9,296 points. Atlantic round voyage rates for 172kdwt vessels dropped by $6,000/day (-17%) from the 10- week high of $36,000/day Download
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Tuesday, 31 August 2010 |
 S & P -
Whilst there are few sales to report, there are definitely signs of renewed activity this week as the summer lull comes to an end. Despite the downturn in the freight markets over the past few days there has been an increased appetite for dry tonnage
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Tuesday, 31 August 2010 |
 Earlier this summer when the BDI was plummeting, many were quick to point
that this signalled the end to the global recovery. Pundits started worrying
over fears of a double dip recession and expressed their concerns about Chinese
demand growth
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Monday, 30 August 2010 |
 The pace at which single hull tanker are exited from the fleet took a downturn during the first half of 2010 as rising spot market earnings rose, even as demolition values were surging in tandem to steel prices.
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Monday, 30 August 2010 |
 This was a mixed feeling week. A breather you may say. The large Capes and Panamaxes suffered minor losses, and the smaller two Supramaxes and Handymaxes made minor gains. Overall the general index fell and
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Saturday, 28 August 2010 |
 This summer has proved to be extremely negative for tanker owners and one can wonder if there will be any sign of recovery by the end of the year. As far as VLCC tonnage is concerned, although only about 102 fixtures were
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