Happy Year of the Rooster from BMTI (27-Jan-2017)

Panamax resurgence amid flood of new fixturesChinese New Year
Today will likely see a rise in assessments as the new round of fixtures trickles through the system just before the start of Chinese New Year (“Golden Week”). ECSA front hauls are coming on strong. (p. 1)

Coasters: Turkish Med import shipments
Fertilizers from the Ukrainian Black Sea to Antalya have been fixing steady freights in the low US$ 20s/mt of US$ 20-22/mt on medium parcels of urea (51′) in the range of 6-8,000mt. (p. 2)

Week ends with firming trend in crude prices
Global prices for crude oil saw slight gains Thursday as macroeconomic forces supported an upward push in futures. (p. 5)

…continue reading in today’s BMTI Daily Report.

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