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Thursday, 27 December 18
DRY BULKERS SPOT FREIGHT MARKET W/E 21 DEC - ALLIED SHIPBROKING
AlliedCapesize
A negative week for the Capesize sector, as activity remained at low levels, especially in the Pacific, with rumors regarding agreed rates close to $6.00 per ton affecting the market. Improved numbers seen at the beginning of the week could not be sustained, as long tonnage list in the area gave the advantage to the charterers side. In the Atlantic, things were somewhat better last week, with increased enquiries for Brazil stems boosting rates slightly. The BCI lost 470 basis points returning back to levels lower than 2,000 and closing at 1,913.
 
Panamax
Despite the improvement noted during the week, rates eventually were pressed by the number of open vessels currently seen in the Pacific basin, with the restart of Chinese imports of US grains helping curb losses. In the Atlantic things were quiet, with traders seemingly postponing their plans for after the holiday season. The BPI lost 3% during the week and closed at 1,437.
 
Supramax
Low interest remained in the Atlantic, while some improved figures were witnessed in the Pacific, facilitated by the improved supply demand balance noted lately in the region. The lack of fresh enquiries though did not curb improved sentiment, leading the BSI to gain 3 basis points and close at 977.
 
Handysize
The same scenery was observed in the Handysize segment as well, with some improved activity being seen in the Pacific, with charterers fixing their last cargoes before the Christmas holidays take hold. At the same time, the Atlantic remained quiet once more, affecting significantly the segment in total and leading the BHSI lower last week with the Index closing at 597, losing 3%.
Source: Allied


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Recent News

Tuesday, 20 August 19
NORDEN HAS BEEN AWARDED A 3-YEAR CONTRACT FOR THE TRANSPORTATION OF COAL FROM INDONESIA TO HONG KONG
NORDEN has been awarded a 3-year contract with a power company in Hong Kong for the transportation of coal from Indonesia to Hong Kong.   ...


Tuesday, 20 August 19
THE AUGUST 2019 INDONESIAN COAL PRICE REFERENCE POSTS THE FIRST MONTHLY GAIN SINCE AUGUST 2018
COALspot.com: The Ministry of Energy and Mineral Resources of the Republic of Indonesia has revised up the benchmark price of Indonesian thermal co ...


Monday, 19 August 19
INDONESIAN COAL RUNS, A 82,000DWT SHIP WAS FIXED DELIVERY CHINA VIA INDONESIA, REDELIVERY JAPAN, IN THE MID $16,000S - BALTIC BRIEFING
Capesize The Capesize market was buoyant in both basins this week, posting gains across the board. After bottoming out the previous week, rates ...


Sunday, 11 August 19
ULTRAMAX: A 58,000DWT VESSEL OPEN KEMAMAN FIXED FOR TWO TO THREE LADEN LEGS, REDELIVERY SINGAPORE-JAPAN, AT $12,250 - BALTIC BRIEFING
Capesize With typhoon Lekima gathering pace, numerous China ports were closed by the end of the week and will likely be for two to three days. ...


Tuesday, 06 August 19
SHIPPING MARKET INSIGHT - INTERMODAL
On the 12th of May four tankers were attacked near the coast of Fujairah.  The tankers hit were waiving international flags such as that of No ...


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