Thanks.Noted well...Can you please give some guidance on how to understand the market based on BDI & Fixtures reported. Normally fixture reports cover some major fixtures in major routes. How can we get an idea on the present rates in other routes for eg: An inter PG voyage
for a handymax or a PG / WCI trip.
Of course we can run a calculation. Apart from this is there any way?
Sorry if my question looks meaningless.
With Rgds
Varun
March 3, 2010 9:28 PM
The Virtual Shipbroker said...
Hello Varun
The bdi merely gives a general overview of the dry bulk market. but as you know thre are many markets within the bigger market.
The only way to tell the market for a specific route (if that route is not one of the major routes) is to run a voyage calculation. The may occassionally be a reported fixture but this is occassional and the terms are often different.
The best way to keep tabs on the market for unusual routes is to run voyage calculations every week. Thats what i do anyway on my voyage estimation software
Once you have an estimation proforma - all you then have to do is add the updated Time charter market rate for the ship in question plus add bunker prices. Will take 10 seconds and the market is at your finger tips
Thanks for the qustion
cheers
VS
Hi Vs,
ReplyDeleteThanks very much for ur answer. Again in the case of a broker for daily TC hire rate there has to be some guidance from Owners or the market. So can we run a calculation if TC hire rate is not available?
With Rgds
Varun
the tc hire rate is an interesting one. That comes to market knowledge aad the baltic daily fixture report helps out in this regard. Most large brokerage shops also readily give out what they believe the TC market to be for certain ships and areas.
ReplyDeleteThe bottom line is this - if you are IN THE MARKET you should know the rates..
cheers
vs
Hi Vs,
ReplyDeleteThanks for your clarification. I'm just a beginner in broking. Pls excuse me.
With Rgds
Varun
awesome questions varun. Dont apologise!
ReplyDelete