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Capital Link Maritime Indices
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BMTI Daily Snippet
November 06, 2009 at 09:08 AM
The Atlantic does show more Handy bulk movement, thankfully for owners, and this is giving more confidence all round. Two Handy period fixtures have been reported today in this area--one of them a 2003-built, 49,000 dwt giving delivery N.Brazil for 4/6 months trading at about US$24,000 and the other a smaller 26,500 dwt, 1994-built vessel giving availability Continent mid-November for 70/110 days of trading redelivering Atlantic at US$14,250 per day. www.bmti-report.com
Imarex Daily Brief
November 06, 2009
AG rates continue to soften while bunker prices rise – not a good combo for Owners. The fixture pace remains slow and steady – with the total fixture count creeping up slowly. We will know more on Monday/Tuesday if indeed Eastern players come into the market with some force. If this does not occur – the expected Q4 rally will then face serious doubt. The Wafr bbl count is quite impressive. If by chance demand can sustain itself, then those calling for a market bottom here and now will likely be proven correct...
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