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Thursday, 05 May 11
SUPRAS IN NORTH CHINA ARE GETTING CLOSE TO $ 13K FOR INDO-INDIA


Handy
The Atlantic market is stable/flat with positive undertone meaning more enquiries hitting the market today. Lack of prompt vessels. Trips to the Far East around $22 -25,000 per day  for  Supras  nevertheless a lot of actors are still assessing the market´s direction. The Pacific market remains extremely quiet and owners and charterers are both holding and watching cautiously how the market moves.

For Indo-India, Supras in North China are getting close to 13k. WCI-China rates slided to 15k and rates from ECI around 13k, but few ships seen ballasting to Indonesia as not much cargoes ex-ECI.

Red Sea, ferts on handymax/ Supras are fixed at very mid  20´s pmt on voyage basis to WC India. Not too much activity on short period as market bit volatile and speculative and hear index type vessels fixed at mid-teens.

Panamax
After holidays in several countries last week and beginning this week the market returned with an active upturn on Tuesday. Increased activity and elevated levels caused by more prompt coal cargos and a still active ECSA grain market and lack of prompt positions.

Typical levels mid week around 13k for TA and healthy 26 + 600 BB fixed from ECSA. In the eastern hemisphere  Nopac rounds done at 13k and even short period activity showed signs of a recovery with fixtures in the mid 14 range.

The FFA market not reflecting the spot market upswing, indicating there is some nervousness to the fundamentals behind a lasting rebounce.

Capesize
The misery continues, with average spot earning stable at below "opex" levels  - only a cosmetic change to the worse during last fewdays and presently standing at usd 6500.

The crisis caused by the unprecedented flow of NB deliveries is now being ever more felt on the cross-trades, with fronthaul coming off another 5% to come in at some usd 18500, backhaul sinking further into the red  to around -usd 5k.  Transatlantic and -pacific activity is fair in comparison, with resultant levels improving somewhat to usd 5k/7k, respectively. Period fixing remains limited, with a fair usd 13500 done on 180kdwt ex yard mid May for 13/15 mos, 6/8 months concluded on similar unit/delivery at average 4tc for 1st 30 days/balance period at usd 12500.
Source: FEARNBULK



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