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Thursday, 27 October 11
CAPESIZE REACHING NEW HIGHS - FEARNLEYS


Handy
Pacific market has mixed sentiments with tonnages fixed at firm levels and some tonnages in feast failing on subs.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 quiet as not many cargoes seen in market however rates from WCI fixing around usd 10k 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
In the Panamax market the Atlantic basin stays tight for prompt/ November tonnage, consequently rates keep stabile at good levels. Owners asking 18-19k in the Atlantic, whilst fronthaul still at firm 27k+ 700 from US Gulf to Far East, and 25/26k from Brazil out. Fresh amount of coal cargoes in Atlantic together with grain out of Gulf to Far East give positive signs for coming weeks. In the Pacific short periods pending around USD 13,250/13, 500 while the NoPac round are being fixed around USD 12k.  The backhauls are still hovering around a conservative USD  5k.  Despite the constant delivery of new tonnage,  demand seems to continue in good pace.

Capesize
Reaching new highs,  primarily due to a combination of widespread pacific congestion,  generally healthy spot volumes and  increased atlantic activity in particular.  Having reached y-t-d best spot average of  usd  32k, it seems however this segment may be in for a short-term slide.  Major miners and mills are predominantly absent, with a resultant build-up of pacific ballasters - remaining spot activity is driven by traders and operators with atlantic focus.  Before dropping sharply,  forward paper values has given good support to period - resulting in 180000 dwt/2009/china beg nov done for 11-13 months at usd 18k,  207000  dwt/2008/china end nov fixing usd 19500 for 11-13  months and  179000 dwt/2010/china  spot  for 5-7  months at usd 21k.
Source - Fearnleys



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Saturday, 22 October 11
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Saturday, 22 October 11
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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.  ...


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