Braemar on Panamax: Another day in the Pacific where it was very slow on the cargo front and charterers were comfortable sitting back and waiting for owners to come to them. Rates r sliding again and there is not much sign of a change in trajectory on the nearby..
🍹🤿🏝️ #drybulk
The Capesize #DryBulk#shipping market is on fire, evident in both the physical and the paper market
Capesize index +12% to $30k/d
Brazil/China +10% to $26k/d
China/Japan RV +20% to $32k/d
Transatlantic RV +5% to $31k/d
Cape Mar FFA +12% to $31k/d (+32% w/w)
March Capes gapping over 28k at the open, trading up to 31k before settling back down at 30k on the nose now. Up 50% over the past week from 20k -> 30k
#capesize#shipping#ironore#coal $bdry
Month ahead Capes are seasonally strongest in 5TC history. Forward curve is flat through summer so market not pricing in much upside from here.
#capesize#shipping#ironore#coal $bdry
🚀 Real-time $BDRY Estimated NAV 🚀
Leveraging @braemarscreen's leading market FFA data, and the excellent $BDRY ETF from our friends at @DryBulkETF we have launched real-time estimated NAV calculations of the ETF holdings!