October 20, 2016

The Weekly Dry Bulk Ag Report: 

A long report from our friends at USDA, but packed with data.

As of October 14, USDA’s Grain Inspection, Packers, and Stockyards Administration reports that 29,630 grain barges have been inspected and unloaded in the New Orleans area this...

October 20, 2016

Thursday Dry Bulk Update:

The Panamax comeback--- the Capes softening--- how about them handies. 

Looking over the rate assessments out of London today, we note the BPI T/C has overtaken the BSI T/C.  The economics of scale imply the larger Panamax should earn more than...

October 19, 2016

Dry Bulk Update:

The four indices of the BDI continue the recent pattern in that the smaller asset classes led by the Panamaxes are steadily making gains.  The largest vessels (Capes) are not doing as well.  BTW, when was last we saw Panasisters earn more than Soups?...

October 18, 2016

Dry Bulk Update:

The BDI has fallen 4 points today as the three smaller asset classes gained a smidge, but unlike yesterday, the Cape loss was large enough to offset the gains and softened the broader index.  With both basins reported to be quiet for the Capes and the p...

October 17, 2016

Dry Bulk and the Chicago Cubs Fan!

Growing up in Illinois about sixty miles south of the windy city I have been a loyal Cubs fan through all my life.  That has conditioned me to withstand long-term suffering and failures.   As I watched the Cubs lose last night, I could...

October 17, 2016

The dry bulk numbers out of London today reveal a mixed bag in that three of the four component indices of the BDI are up a bit.  The bad news would be the Cape pullback continues today, after losing around 11% last week.  In addition, last week the Panasisters gained...

October 6, 2016

Dry Bulk Ag Update.

From our friends at USDA

For the week ending September 29, total inspections of grain (corn, wheat, and soybeans) reached 3.28 million metric tons (mmt), up 23 percent from the previous week, up 52 percent from last year, and 71 percent above the 3-ye...

October 6, 2016

Dry Bulk Update:

The dry bulk indices, (especially the BCI) traditionally experience a weakening during the Chinese holiday known as Golden Week.  On Monday, I forecast the potential for a rough week given the lack of major market participation from China.  As my friend...

October 5, 2016

Good Morning Superior Maritime,

Well as Gomer Pyle USMC would say enthusiastically “Surprise, Surprise, Surprise.”  The Capes have spiked up a bit during “Golden Week,” and in fact, the BCI is the only component indice in the BDI that firmed today. 

Cape 5 T/C ~ $12...

October 3, 2016

Dry Bulk Update:

The numbers out of London today suggest we are going to have another bad week in the dry bulk space.  Of the four component indices that drive the BDI only the BSI had anything green to say, and not much of that.  A further dilution of market sentiment...

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