Here is how the list if different Baltic Indices fared for the week ending 11 June.
Baltic Dry Index (BDI): -5.9%
Baltic Capesize Index (BCI): -1.4%
Baltic Panamax Index (BPI): -15.3%
Baltic Supramax Index (BSI): -6.0%
Baltic Handysize Index (BHSI) -5.2%
Baltic Dirty Tanker (BDTI): +18.5%
Baltic Clean Tanker (BCTI): -2.5%
The BDI, BCI and BPI reversed ground on Thursday and Friday with nice advances. The Supramax and Handysize indices continued to slide through the week. I am starting to see press releases of shipping companies picking up vessels at attractive prices. They seem to believe that they can profitably put them to work.
Nice to see a positive pop in the dirty tanker index. Need a few more weeks like that to start feeling positive about the spot tanker boys like NAT, FRO and TNK.
Baltic Indices for last week
Here is how the list if different Baltic Indices fared for the week ending 11 June.
The BDI, BCI and BPI reversed ground on Thursday and Friday with nice advances. The Supramax and Handysize indices continued to slide through the week. I am starting to see press releases of shipping companies picking up vessels at attractive prices. They seem to believe that they can profitably put them to work.
Nice to see a positive pop in the dirty tanker index. Need a few more weeks like that to start feeling positive about the spot tanker boys like NAT, FRO and TNK.