Archive for March 9th, 2016

PCNI: Things Looking Up, More Ships Coming In

March 9, 2016


Well, for a change, some good news for the Puerto Cabello Non-Baltic Index (PCNI). The number of cargo ships in the Puerto Cabello port has been increasing, slowly, but surely, as the levels of two to four ships a day have changed and as you can see above, we have seen some days of ten ships and oscillations between six and ten ships per day.

This is clearly a significant improvement over the previous month, but the number of cargo ships is is running about 50-60% of the number last year, but there has been a significant improvement so far.

My data taking has also improved. I used to record once a day, but as the number of ships dwindled, I became so interested in the topic (and concerned!) that I now go check it many times a day. The number of ships is the maximum number recorded every single day. The number was also checked with the incoming and outgoing ships in the same website to make sure the error, if any, was small.

I certainly hope the improvement continues…