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...

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

Guggenheim Shipping ETF (SEA)

2016-09-24 5:34 PM
 We thought things were looking iffy around Sept 14th with $SEA showing a little weakness, but so far, the consolidation across some shipping sectors has translated into a steadying influence on this ETF.
The small p...

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...

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...

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