Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: damainman who wrote (169035)	12/4/2008 2:37:11 PM
From: tejek	Read Replies (1) \| Respond to of 306849

Fearnleys Weekly newsletter week 49/2008 TANKERS: Crude Rates in the VLCC market finally took a sharp u-turn, thus breaking the soft trend seen for some time. This was particularly true of WAF rates which shot up in the wake of a strong Suezmax market and limited availability of VLCCs in the area. For the moment, the December tonnage situation in the MEG seems fairly balanced, but this could change if owners are tempted to sail for WAF. On the other hand, owners should also consider that maybe half of expected December MEG stems are covered and the b... Product The transatlantic market was quite active during the last week, and rates are on the move upwards, with ws185 paid basis 37,000 m/t for mid December loading. Trade was still a low for LR1s with rates averaging around ws180 basis 60,000 m/t for modern units, whilst older vessels had to settle for around ws120-130. Rates of ws215 were paid for Handies trading cross NWEurope with 22,000 m/t lots. In the Caribs, upcoast rates improved by around 5 ws points and rates are now prevailing at the ws165 l... Read more here: fearnresearch.com DRY BULK: Handy The interesting info this week comes from India where a 56,000 dwt (Luminous Halo) achieved usd 12,000 for a trip to China with Iron Ore and the Hawk I (50,300 dwt) achieving usd 10,000 to China. EC India has been very active and charterers have been forced to fix tonnage ex Spore and SEAsia (Spar Canis usd 12,000 bss dely Chittagong via ec India).The market has picked up a bit due to more volumes... Panamax The market continued in the same way as last week, with very little new to report and rates drifting even lower. In the Atlantic, the rates for LMEs were fixing arnd usd 4000 and fronthauls concluded in the mid usd 7000 daily range. In the Pacific, new business were almost non-existing, where vsls sailing back to the Atlantic were paid arnd usd 3000 and round voyages fixed from usd 4000.... Capesize The spot Cape market is turning into a farse with top class Capers fixed at tc rates 50% lower than Handysizes. The tc index is now down to usd 2300; an all time low number. The voyage rates fixed are hardly giving positive tc returns. We hear as many as between 150 and 200 cape units have dropped the anchor. So what can owners do to try influence the market in a more positive direction? Lay up an... Read more here: fearnresearch.com GAS: Finally there were a few VLGC fixtures in the past week, albeit we did not see any positive change in rate levels. Again the rates in the Atlantic returned better result than the east of Suez fixtures. The December contract prices in the MEG were posted lower than expectations and should in theory spur spot chartering activity, but as in the last f... Read more here: fearnresearch.com NEWBUILDING: The silence continues. No news from the shipbuilders this week either. With tough times ahead we expect the few remaining weeks of 2008 will be quiet.... Read more here: fearnresearch.com