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

Ship Finance International SFL    
2016-09-28    2:15 PM
Look away! Our previous worries about SFL's 14.25 level were punched through, with a reach to almost 14.00. It's possible such weakness could continue, since our caution target (14.25) was penetrat...

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

Navios Maritime Midstream Partners

2016-09-28 12:20 PM

The bearish thoughts on NAP were confirmed right after we opened our fat mouth and said, "Watch out for 10.50," or some such nonsense. This little run down might take a rest around the 9.75 region. Any recovery to 11...

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

Ev...

September 28, 2016

$CPLP Capital Product Partners    
2016-09-28    11:45 AM
CPLP is in the process of boring us to tears with its recent price track, but perhaps that's a good thing. A push upwards through 3.40 on the way to 3.50 could be a possibility, although we'd...

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...

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