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Thursday, 08 November 12
LARGE ECO SUPRA : INDO - INDIA NOW FIXED AT USD 11K FOR DELIVERY SINGAPORE - FEARNLEYS
Handy
The Atlantic market continues to remain weak with rates further softening on FH. Rates from USG to Feast were around USD 14k and Black Sea to Feast about USD 10k. USG-Skaw-Passero rates are around USD 9k. The Pacific market remained stable with rates mostly unchanged with fair amount of cargoes and tonnages. For Indo-India, large eco Supra now fixed at USD 11k for dely Singapore. Nopac also fixed bss APS at USD 7500 + BB USD 325k. Indian iron ore market remains quiet with less activity on WCI & ECI. WCI-China rates around USD 4k and ECI-China around USD 3k. RBCT rv fixed at APS USD 8k + BB USD 200k. Red Sea fertilizers to India are fixed high teens. Not much activity seen on short period and rates around USD 9k for large Supra.
Panamax
The trend from last week continued into this week with little transatlantic business entering the market and plenty of ships looking for same. Some grain cargos for end November/beginning December destined for China are still being quoted, but at lower volumes than expected. Fhauls are now paying around mid 13k for Cont delivery or USD 14k + USD 400k bss APS USG. In the eastern hemisphere we still see a fairly active market with Indonesian coal still being shipped. The latter is however under pressure mid-week with plenty of ships competing for the same cargos. Pacific rounds are now being paid around USD 7k. The period market is not too active at the moment but still some short period deals being done in the mid 7´s for 4/8 months.
Capesize
After a couple of weeks rally, rates have been dropping throughout this week. West Australia is presently at very low 9s, compared to close to 11 end of October. Fronthaul which was excess USD 24 at the same time is presently around USD 20 (for December dates), with a lack of fixtures being concluded and some prompt/unfixed ships outside Brazil. There is a good demand for period ships, but rates are generally too low to attract owners´ attention, as they keep the recent "mini-boom" fresh in mind.
Source: Fearnleys
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Wednesday, 03 October 12
BARCLAYS'S PRICE FORECAST FOR NEWCASTLE COAL HAS BEEN WRITTEN DOWN
“ The main story in the global coal markets has been the growth in supply, with all of the major exporters adding volumes into a market which ...
Sunday, 30 September 12
SUB-BIT INDONESIA COAL SWAPS: MIXED TREND
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for November 2012 delivery lost 0.73 percent w-o-w but gained 0.41 percent d-o-d on Friday, 28 Se ...
Sunday, 30 September 12
INDONESIA HAS NO PLAN TO CAP COAL PRODUCTION
COALspot.com - “The current low coal prices were mainly due to a global oversupply condition, spurred by numerous mining exploitations in the ...
Sunday, 30 September 12
FREIGHT MARKET UNDER PRESSURE; OVERALL SENTIMENTS ARE STILL BEARISH
COALspot.com - The freight market seemed to have lost steam and all indices were down except for cape index.
The BDI was slightly down by 6 point ...
Friday, 28 September 12
DRY BULK SECOND HAND VESSELS ON HIGH DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Despite the demise of the dry bulk market and the collapse of freight rates since the beginning of 2012, on the back of record breaking newbuilding ...
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