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Thursday, 20 October 11
CAPESIZE - TUBARAO /QINGDAO BEING FIXED AT STRONG US$ 29.75 PMT
Handy
The Atlantic market is quite steady, and market seems to be around the same levels as last week. Fewer fixtures reported though. Fronthauls still around 25k, with a USD 3-4k premium for vessels willing to go through Aden. USG/Skaw fixing around USD 30k, and Skaw/USG concluded in the USD 8k range. The Pacific market remains firm with considerable cargoes seen from Indonesia. For Indo-India, large eco Supra can fetch close to USD 16k for S. China position and NOPAC RV close to USD 14k. Indian iron ore market bit quiet as not many cargoes seen in the market however rates from WCI fixing around USD 12k for WCI-China and 11k for ECI-China. RBCT India round rates around USD 13k. Red Sea fertilizers to India are fixed around mid 20s. Short period rates are around 15k for large Supras but seeing less takers.
Panamax
After two strong weeks and a quiet opening due to activity in CoalTrans in Madrid, the Continent and North Atlantic is still tight for tonnage for prompt loaders. There are less fresh requirements so market seems more in balance including some toppish signs in the USG and in ECSA.TA rounds generally at 18k, trip out 27k. In the Pacific the market is also more quiet after stronger levels above mid teens both for NOPAC grains and Indonesian coal. Some period fixtures are still in the 14 range for short period, but less activity on the longer deals. Decline in Chinese iron ore imports and steel production is adding fuel to the bearish signs and the FFA market is loosing faith in next year as well gradually.
Capesize
A large share of the decision makers were gathered in Madrid at the beginning of the week, resulting in less activity. However towards the end of the week, activity picked up and rates improved. It is mainly the front haul market being the main driver, with Tubarao /Qingdao being fixed at strong USD 29.75 pmt for first half November dates. West Australia round remain around steady USD 12 pmt despite lack of requirements from the big three. Period and short period markets have been inactive, whit takers following closely but generally rating touch below owners ideas.
Source: FearnBulk
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Tuesday, 27 October 20
PLN STILL REFUSING TO ADAPT, A MOVE WHICH WILL HURT INVESTORS, CONSUMERS, AND THE GOVERNMENT PURSE - IEEFA
Utility’s latest planning report locks PLN into the past
PLN would be better served restructuring its business to address the current en ...
Monday, 26 October 20
'LONG ASCENT' TO RECOVERY OF GLOBAL GROWTH - BALTIC EXCHANGE
The global economy has so far avoided a “financial catastrophe” but growth projections from the International Monetary Fund’s lat ...
Friday, 23 October 20
SHIPPING LOANS AND COLLATERAL DAMAGE - VICTOR ONYEGBADO, AKABOGU & ASSOCIATES
KNOWLEDGE TO ELEVATE
Shipping finance transactions are characterised by peculiar risk factors principally on account of the shipping asset&rsq ...
Friday, 23 October 20
WHAT WILL THE 2020 ELECTIONS MEAN FOR US ENERGY? - WOOD MACKENZIE
The 2020 elections present American voters with a choice between two radically different visions for the future of energy. President Donald Trump r ...
Wednesday, 21 October 20
BRAZIL EXPORTED 238.7 MLN TONNES OF IRON ORE IN THE FIRST 9 MONTHS OF 2020 - BANCHERO COSTA
Brazil’s iron ore exports have been gradually but steadily recovering following a disastrous winter period of 2019/2020. In the first 9 month ...
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