September 30, 2016

Friday Dry Bulk Update:

The good news might be that this week is over.  The numbers out of London show the only component indice in the green today is the BSI.  Looking at the AG report we think the soups will enjoy the US harvest presently making its way down the river...

September 29, 2016

The OPEC cuts and what some of our favorite shipping seer’s are saying.

First, a quick note about our relationship with the analyst/broker community. 

The analyst’s and ship brokers that send me their work have learned over the years that I can be trusted to present bits...

September 29, 2016

The Dry Bulk Ag Update:

From our friends at USDA

During the month of August, export grain inspections for the Great Lakes-St. Lawrence region are up 79 percent from the previous month, and up 58 percent from the same time last year. Inspections of corn and soybeans inspe...

September 29, 2016

Dry Bulk Update:

The day rates for Capes and Panamax fall further, while Soups & Handies are flat.  The broader index (BDI) is again back down below 900 losing just under 3% since yesterday.

The BCI took the hardest blow as expected as rates came down almost 6%.

Cape 5 T/...

September 28, 2016

5 year old resale values:

A recent report from Seaport Global Securities (SGL) sheds light on current and past asset values.

Crude Tankers:

VLCC $63.0M            down 20.2% ytd         2015 year end $80.0M...

September 28, 2016

Dry Bulk Update:

A glance at the daily rate assessments from London today we are reminded of a report by Rob Perri of Axia dated Sep 16.  The title and opening paragraph follow.

"Drybulk Shipping: Don’t believe the Hype, it’s a sequel - Getting closer but not there yet


September 27, 2016

Dry Bulk Update:

The Cape surge continues to dissipate, dropping 2% since yesterday leaving rates around the $14,500 range.  On a brighter note, the BPI rates gained about $100 today.  The Soups and Handies are flat/unchanged. 

Dry FFA:  The paper market opened...

September 26, 2016

Wet Bulk Update:

Crude Tanker:

Looking at the crude tanker rate assessments today the best performers continue to be the Suzi’s.  The Suezmax WAFA > Europe jumped up almost 10% while cross-Med runs are quoted around $48,700.  The big ladies (VLCC) are moderately down or...

September 26, 2016

Dry Bulk:

Good morning Superior Maritime,

We start the week as we ended last Friday, with three out of four component indices of the BDI in the green.  The bad news is the one indice that dropped (BCI) overtook the modest gains the smaller assets classes reported, result...

September 24, 2016

The Dry Bulk Ag Update * better than starbucks!

From our friends at the USDA

In the latest World Agricultural Supply and Demand Estimates (WASDE) report, USDA projected record corn and soybean production for the 2016/17 marketing year, and so far the transportation syste...

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