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Dry Bulk

Baltic Indices
BDI  3742  down 15
BCI   7122  down 119
BPI   2984  up 80
BSI  1703  up 2
BHSI 749  down 5

The Panamax sector appears more active than other asset classes – as period inquiry and demand for coal has provided support. We continue to see doubts as to the sustainability or ore and coal demand into China...which introduces the specter of another summer collapse of inquiry from the Middle Kingdom. The futures market call for an obvious decline in Cape rates going forward – though nowhere near the extent of what we saw in last years Q4 debacle.


FFAs - light volumes with a bit of upside

Cape Q3: $56,250, up $750
PM Q3: $21,000, up $250

Posted on Wed, July 1, 2009 at 08:18 by Registered Commentermike reardon | CommentsPost a Comment

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