drybulk wire

Dry bulk market is BAD! - "The index has hit fresh record lows every day since the beginning of the year." goo.gl/Eydizh

Global markets may have a good day with fed news re rates. ASX already looking green, except BHP, is there a bottom? bit.ly/1P84b5G

Falling commodity prices & falling oil/fuel prices is generally speaking bad news for dry-geopolitical risk may provide shortterm volatility

Banks cutting lending to drybulk firms as they forecast depressed rates for many more yrs econ.st/1MAarp7 -more bankruptcies to come

@bmti_daily have you made this available as an e-book?

SSY, the world's second-largest shipbroker, has let 11 brokers go. One director has also left, reports a reliable source. Sign of the times.

"BROKERS estimate that 20-30 capesize bulk carriers have been anchored between Singapore and China as owners deem current rates too low "

"The overall dry-bulk fleet’s average weekly speed of 8.15 knots for Jan'12 is the slowest since at least May 2008" (Bloomberg)

Slow steaming seems to be the way foward for operators in this market (low rates & high bunker costs). Japanese builds showing best results

@agridome - increase in supply and less to do with decrease in trade. "Yards delivered 146 dry-bulk carriers last month, an all-time high"

Capesize earning stay below operating costs

Baltic Dry Index at 25 year low!! ow.ly/8OXVc

China go on week long holiday this week. Activity in pacific basin will be down and cape rates typically dip a tad during these holidays.

"My feeling is that the rate increases are mostly sentiment driven and not backed by supply and demand fundamentals." - couldnt agree more!

Baltic dry index rose 5.4% last week; Cape Index was up 5.7%; Panamax Index rose 2.6%; Supramax Index was up 3.7%; Handysize Index rose 2.9%

@shipping2030 import of coal, new power facilities, China continue to compete against other nations for limited resources = more stockpiling

By 2020 China is predicted to consume twice the energy it consumes currently.

Congestion up again, alomst 11% of dry fleet congested in mainly Australia, Brazil, India and China.

" BHP Billiton has reported record iron ore and thermal coal production figures for its financial year to June 30 "

" First half of the year ended with the average BDI Value 1,372 points, down by 57 % from the first half of 2010 which was at 3,166 points "