September 23, 2016

Wet Bulk Update:

Looking at the tanker reports the song remains the same for the VLCC class.  The AG is feeling pressure from weaker than expected initial load requirements for October and a plethora of newbuildings and older tonnage bidding down rates.  Suezmax rates c...

September 23, 2016

Good Morning Superior Maritime,

Dry Bulk:

The good news would be the BDI inched up a bit (4 points) today, but not driven by Cape route assessments for a change.  Both the Cape 5T/C and 4T/C indices are down a smidge but basically remain flat from yesterday.  Last week t...

September 22, 2016

On the wet side:

The tanker reports indicate a further sliding of VLCC’s in the AG.  Depending where you are from the AG refers to the Arabian Gulf or the Persian Gulf, take your pick.  All the same, the big girls have fallen over 10% today to world scale 32-33 for a ro...

September 22, 2016

The Weekly Ag Update:

From our friends at USDA

“For the week ending September 8, total inspections of grain (corn, wheat, soybeans) for export from all major export regions reached 3.1 million metric tons (mmt), down 10 percent from the previous week, up 72 percent from...

September 21, 2016

Wet Bulk:

We hear from our friends at Clarkson’s the VLCC fixture activity is slow and rates are sliding accordingly on the AG>East routes to WS 34 (~$13,700 per day).  On a brighter note, the Suezmax routes are climbing on average to around $30,000.  To provide a bit o...

September 21, 2016

Good Morning Superior Maritime.

Dry Bulk:

Looking at the numbers out of London this morning the Capes continue to climb.  The BCI 5TC jumped over 9% with routes C8 14 up almost 19% and C 16 up just over 13%.  The BDI has now risen above 900 gaining over 4% on the day.  S...

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