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Tuesday, 09 July 13
CAPESIZE: SHOT UP; PANAMAXES: NOT SO LUCK; SUPRAS: SLIGHTLY BETTER; HANDIES: SOFT - INTERMODAL


COALspot.com : June 2013 Recap

A renewed  Capesize market this month (June 2013) was the cause for much of the overall noteworthy performance of the dry bulk market.

Just as last year, it looks to be the last long breath before the long summer dive and as it currently looks there is no reason why  things should be any better this August especially as Chinese growth continues to slow down.

Capesize
The Capesize market shot up this month, as activity picked up considerably this month in the Pacific, while the improving number of iron ore stems in the Atlantic pushed rates to considerably better levels.

Panamax
Panamaxes were not so luck, the closed of the month in the red with the index moving further away from the 1,000 point mark. The lack of main grain activity has been the main shortfall of the market, while sluggish coal demand this month in the Pacific  didn’t help either.

Supramax
Supras were able to do slightly better though only marginally with both regions seeing slightly better activity. The period market on the other hand paints a slightly bleaqker picture as 6 month rates continue to dip.

Handysize
Handies were a touch softer overall as the Atlantic lost some of its previous good momentum. The Pacific was still holding positive but was not bullish enough to overturn the drop in the Atlantic.

Compiled by:
Intermodal Research & Valuations |
research@intermodal.gr

Analysts:
Mr. George Lazaridis |
g.lazaridis@intermodal.gr
Ms. Eva Tzima |
e.tzima@intermodal.gr 

Disclaimer and legal disclosure: For any further queries please do not hesitate to contact our Research & Valuations Department. The information contained in this report has been obtained from various  sources, as reported in the market. Intermodal Shipbrokers Co. believes such information to be factual and reliable without making guarantees regarding its accuracy or completeness. Whilst every care has been taken in the production of the above review, no liability can be accepted for any loss or damage incurred in any way whatsoever by any person who may seek to rely on the information and views contained in this material. This report is being produced for the internal use of the intended recipients only and no re-producing is allowed, without the prior written authorization of Intermodal Shipbrokers Co.



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