Baltic Dry Index- 19 feb.2015

 

Daily Market: This page contains the latest Dry Bulk Shipping News


19 February 2015

Baltic Dry Index (BDI)    +2   511
Rates

   

BCI

(Cape index)

BPI

(Panamax index)

BSI

(Supramax index)
INDEX  

539

-25

516

+2

483

+5

SPOT TC AVG (USD)

5333

-114

4127

+17

5052

+50

YESTERDAY (USD)

5447

 

4110

 

5002

 
YEAR AGO (USD)

9751

  10132   11369  




Spot  TC Average = The Average Value of the Main Shipping Routes applicable for each of the 3 types of Ships
BDI=The Weighted Composite Index of BCI/BPI/BSI

Daily Market Recap: The EU’s never-ending crisis is the risk capping the current rally

 

 

 

At-risk economies are rallying again and the market is starting to look eager

…eager, but not exuberant. Friday was a continuation of Thursday’s strong performance: broad-based and this time with a little more strength in the emerging market space. The market seems to be looking for a reason to breathe a sigh of relief and finding it in receding risks after a volatile start to the year. The rally has legs, driven by positive earnings in the US, commodity reversion, Russia’s peace deal, and some economic news from Europe beating estimates last week. But with Greece hanging over everyone’s head, it may be a bumpy ride.

Early morning news out of Europe on Friday showed year-over-year GDP growing at a 0.3% rate,

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Make no mistake, the Fed is the biggest trader in the room

 

 

 

 

 

 

 


Make no mistake, the Fed is the biggest trader in the room

A fly on the wall at the Fed meetings

We’re observing the extent to which monetary policy is globally connected not just to other central banks, but also to specific markets like commodities and currency. If I were a fly on the wall at the latest FOMC meeting, I may have observed some concern for two very important components that the Fed isn’t really talking about publicly: the strength of the dollar and the effect of a rate increase on commodities—a double-edged sword slashing through the Fed’s inflation target of 2% “over the medium term.”

Why the concern? Dollar strength is a major component towards weakness in

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LNG Tankers Sit Idle as Gas Crisis Intensifies

 

 

 

 

By Henning Gloystein & Oleg Vukmanovic on 06:05 pm Feb 13, 2015
 

A tanker holding A tanker holding liquefied natural gas leaves a berth as holidaymakers fish on a pier in Yokohama City, Kanagawa Prefecture, Japan, in this June 20, 2009 file photo. The Philippines, one of Asia’s fastest-growing economies, is expected to import more LNG. (Bloomberg Photo/Kimimasa Mayama)

Singapore/Milan. Over a dozen liquefied natural gas tankers are parked, many idle, in and around Singapore — one of the world’s biggest trading hubs for the fuel — in a sign that the slowdown engulfing world gas markets may be worsening into a crisis.

With Asian spot LNG prices down by almost two-thirds since February last year as slowing demand combines with rising output, shippers

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China steel recycling seen as growing threat to iron ore demand

 

 

 

 

BEIJING Fri Feb 6, 2015 3:19am EST

 

BEIJING Feb 6 (Reuters) - China's effort to raise the amount of steel it recycles is expected to have a growing impact on demand for the raw material iron ore, threatening to worsen a worldwide supply glut and putting further pressure on global suppliers.

China sourced 78.5 percent of its total iron ore needs from overseas last year, importing a record 933 million tonnes, but is now trying to make more use of vast amounts of steel buried in landfills or encased in concrete.

Analysts said it could start making an impact on the market as early as this year, as moves to improve collection rates start to kick in, and as much

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