Monthly Shipping Review

摘要

1. December's average for the BDI of 904 points was down by 58% year-on-year with further declines in January 2015 as the Index slipped below 750 points. 2. Capes have the lowest average spot earnings in the ytd (at $4,448/day) and Supras the highest ($8,388/day). 3. Fresh 6 year lows for bunker prices have intensified the negative pressure on voyage rates. 4. Chinese government intervention in the coal and steel markets has added more uncertainty to the 2015 trade outlook. 5. VLCC rates in the MEG rose to almost $90k/day in December, the highest since January 2010. 6. Early Jan has seen a surge in VLCC storage and timecharter fixing amid a widening crude contango. A 1-year deal has been fixed at $42,500/day. 7. The start of the ice season in the Baltic has combined with a rise in Russian exports to support European Aframax markets. 8. The UKC-USAC MR market is firming amid shorter position lists, helped by tight LR1 tonnage supply which is prompting MR WAFR voyages.