GD DAY! FM S.T.I.C, PIRAEUS/ 27 NOV. '013, - (SHIPPING ARTICLE.)
Dear friends,colleagues,associates and clients,
'REPORTS AND MARKET JOURNALS'
by Mr. Anastasios Maraslis
President/Director
We all know that the majority of CP fixtures is on PNC basis ( a mysterious 'why' is surounding this clause/silent- unquestioned- agreement).
However we do witness, very often, various 'fixture reports- journals' declaring vessels' fixtures at high hire or freight levels and - too often -beyond
the reality we experience as ship managers, brokers, owners or charterers and thus most of the times we are getting confused or frustrated.
These reports are sourced/created by few brokers (7-8 in number ) and then re produced by others on quote/unquote basis (acting as mail boxes)
without questioning, checking or even doubting the information quoted!
This is because these reports/journals are taken -by many - for granted or as being the ultimate and ONLY reliable source for brokers or shipowners
or even, charterers, to base their judgement on, for fixing their vessels or cargoes, chasing and striving to achieve the ' journals reported levels', usually exorbitant!
A good question - before relying on any info given is to chew it before swallow it un mashed - is who provided such info and if had vested interests
to provide it, what such info represents (spot fixtures or contract fixture which was concluded a month ago), or is it a 'DERIVATIVES related fixture' ?
(paper market based) or simply a RUMOUR.
Like most of the economic papers and journalist's writings, influence investors psychology, and the 'market' itself.
However the 'market' it is YOU and ME (ship managers, operators, shipbrokers, owners and charterers). It has an identity, it is not something impersonal.
It is all of us who fix vessels or cargoes as part of our daily routines. The physical particpants and not the stock, option, freight derrivatives gamblers!
Shipping freight rates, reflect the supply-demand balance for cargo sea transportation services and is not a commodity which is traded and
speculated in a stockmarket by hedgers, speculators or arbitrageurs.
We, here at S.T.I.C, receive daily various offers for our exclusive fleet or for our exclusive firm Charterers's orders and we are indicated rates based on
the argument of what these reports-journals reported as being the current market fixtures/rates.
Our general company policy is to doubt, a priori, what is written in such reports and to make our own investigation, queries, through our own
channels to check what the AVERAGE markets levels are and what is pragmatic or not, usual or unusual, what is a RECORD FIXTURE or
what is a below the average fixture. What is simply a dummy fixture and a 'paper' based on freight derrivatives fixture!
But mostly we trust our everyday work and what we have in our hands every minute coming from experience and hard work
and negotiations, with charterers and owners alike.
Thus, we invite all our shipping colleagues, who wish to share their PRIVATE CONTROLLED, first hand EMPIRICAL INFORMATION, which is
resulted as a product of YOUR negotiations and eventual fixtures, to ALLY WITH US for useful information exchanges, which will eventually
assist all of us in our everyday work adding CERTAINTY, CONTROL and RESPONSIBILITY to our fixtures at any time.
The above, IN CONJUNCTION WITH RELIABLE/TESTED JOURNALS & REPORTS will built an undisputable source of information based on reason
and not on sentiment, bias or opinion which is so volatile and fragile.
With great deal of thanks for your support and interest.
kind regards
Anastasios A. Maraslis
S.T.I.C
+30 210 4529500(ext.,103,104)
+30 210 4529505(Fax)
www.eshipownerstrust.com
chartering@eshipownerstrust.com
S.T.I.C BUILDING
3, VOUDOURI STR.,
PIRAEUS 185 37
GREECE.
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