Hints and tips:
...Even if rates for some of the smaller vessels — such as Handymax and Supramax — have picked up this year, big ships — Capesize — that move thermal coal and iron ore to China still suffer from very low,...
...As they note: Indeed, as illustrated in figure 2, statistically the likelihood of iron ore trade volume declines on a month-on-month basis are greatest during the second quarter....
...Strength in the Capesize market also spilled over into rates for hiring Panamax and Handymax vessels, with the latter also boosted by Indian iron ore exports to China....
...Mr Rodley explains the useful indicators are to be found among the constituents of the broad index, which is made up of the prices of freight on ships of three different sizes; Handymax, Panamax, and Capesize...
...As one broker told me: “I just chartered a Handymax to go to the US Gulf from India for $1,000 a day. So the BDI really is pretty accurate.”...
...“We are recruiting a trader for Handymax ships, which are smaller. “The Global Maritime Investments fund has capacity for $240m at the moment but we will launch other funds....
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