Wouldn't want to own a bulk transport ship these days. Maybe an oversupply. Cheap ship rates should reduce demurrage costs for coal exporters?
Try coal spot price as an indicator. This is thermal coal, more Asian plants being installed on a continual basis. For those that think this demand could crash, you need to believe that these plants will be shut down and lights switched off. Maybe, but that's not the way I'm betting.
NEWC Index RB Index DES ARA Index
Jan-2011 129.99 122.86 124.75
Dec-2010 119.47 115.50 122.31
Nov-2010 106.99 103.44 106.53
Oct-2010 97.34 91.14 99.48
Wouldn't want to own a bulk transport ship these days. Maybe an...
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