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Thursday, 13 September 12
PANAMAX: THE NEGATIVE TREND, POOR SENTIMENT CONTINUES - FEARNLEYS AS
Handy
Lack of cargoes and a growing list of available ships is causing rates to slip for all Atlantic trades.
The only trade keeping somewhat stable is the USG to Cont which are concluding at around USD 12,000. Vessels open at the continent are struggling and not able to fix at more than sub 4k. Fronthauls are still fetching around USD 15k bss delivery continent. Pacific market improved a bit the last week due to tighter tonnage position in Pacific. Indo-India rounds fixed at USD 10k basis Singapore and nopac rounds fixed at USD 8k dop Japan. Indian iron ore remained quiet due to ongoing monsoon. WCI-China rates around USD 7k and ECI-China around 5k. Richards bay rounds fixed at APS USD 8k + 250k BB. Red sea ferts to India fixed in high teens. Short period activity was less and rates were around USD 8000
for large eco supra.
Panamax
The negative trend and poor sentiment continues in the Panamax sector as in the other dry segments.
Transatlantic rounds calculate considerably less on voyage than the upper 2,000´s as per T/C index, and a steady flow of ballasters from the Far East contribute to cut the few fronthaul requirements to around mid USD 12,000/day. Rounds in the Eastern Hemisphere sliding under USD 4,000/day in a market suffering from a steady stream of new buildings and negative news of less pull from the Chinese demand locomotive. Many owners are in a sit and wait mode as they feel the downside is limited. Operators are using own tonnage on their requirements and charterers are waiting for easier rates tomorrow. The forward curve is on a steady decline. Period takers consider eco & flexible tonnage at around USD 8,000 for about 1 year. As we are closing in on historical low levels some fear that the fat lady has started to sing.
Capesize
There has been good activity out of west Australia but levels have stayed around the USD 7 mark.
Fronthaul is remaining inactive with a couple of fixtures this week, around last done levels. Short period remaining inactive, with levels remaining as per last week - ie.USD 8,000 for SP.
Soure: Fearnleys AS
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Wednesday, 29 August 12
SECOND HAND VESSELS IN HIGH DEMAND DESPITE SUMMER SEASON - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Despite the slow summer season, ship owners appear to be rather keen in acquiring some modern second hand tonnage at "knock-down" prices. ...
Monday, 27 August 12
BUMI BOOKS $322.1 MILLION NET LOSS IN 1H 2012 IN SPITE OF 8.6 PERCENT INCREASE IN SALES REVENUE
PT Bumi Resources Tbk, the single largest coal producer and exporter in Indonesia announces its first half financial report for the ...
Monday, 27 August 12
OVER 200 FOREIGN COMPANIES AND ENERGY MAJORS EXPECTED AT 2ND MOGP SUMMIT IN YANGON
Singapore based CMT and Machinery & Solutions Co. Ltd (M&S) announce that the 2nd MOGP Summit will be held on 3-6 September at the Sedona ho ...
Sunday, 26 August 12
SOUTH AFRICAN COAL OVERVIEW
South Africa's indigenous energy resource base is dominated by coal.
Internationally, coal is the most widely used primary fuel, accounting for ...
Saturday, 25 August 12
FREIGHT RATES ARE EXPECTED TO BE STEADY NEXT WEEK - VISTAAR
COALspot.com - This week the indices showed some signs of improvement will all the segments moving up except for the handy size.
The BDI was marg ...
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- Bulk Trading Sa - Switzerland
- The University of Queensland
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