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Thursday, 08 August 13
HANDY : NO POSITIVE SENTIMENT FOR THE FAR EAST MARKET - FEARNRESEARCH
Handy
No positive sentiment for the Far East market. There are a number of ships coming open in SE Asia this week and owners rating mid/high USD 8k, but activity remains quiet. For NOPAC rounds Supras can get mid/high USD 8K bss aps + 370K bb. Pet coke and sulphur stems from MEG and WCI to SE Asia/China talking around USD 6.5-7k, otherwise ballasters from India asking USD 8.5+USD 250-275k APS S.Afr. Vessels in North China got low/mid USD 8k bss dop for 3-5 mos period and some are ballasting down to SE Asia due to few cargoes in that position.
Panamax
The Atlantic is trending downwards, but the last few days we have seen quite a bit of fresh coal cargoes in the market. This might suggest the market is getting some support around today´s levels at around USD 9500 daily. The fronthaul market has also trended down over the last week, ECSA is still the driving force where ships get paid around USD 15500+550K BB. Pacific is quiet as well, long lists of open vessels make sure the market don´t seem to improve immediately. Pacific rounds pay around USD 6k. There is a couple of long term periods reported at relatively flat levels; around 8500/9250 for 1 to 2 years period depending vessels spec.
Capesize
Entering summer doldrums as holiday season kicks in around the globe. Add the ongoing Drummond conflict, and market is losing momentum as we speak. Although w-o-w changes are seemingly not dramatic, with only an apparent USD 600 down, present index is clearly overrated and mere fundamentals indicate a further softening in the days to come. The Tubarao/China conference trade is under pressure on the back of low volumes/numerous ballasters, with actual spot levels being well below USD 20 pmt. Similarly for Waust/China, heading for USD low 8´s pmt, whilst the real heat is felt on transatlantic trades where USD 5500 has been concluded on good units. Period activity has been fair for as long as paper levels have given support (i.e. before coming to a halt), including 180k dwt/NB reportedly done for 3 years at USD 13750, also 170k dwt/built 1999 fetching USD 14k basis 4-7 months.
Source: Fearnleys AS
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Tuesday, 11 June 13
COAL: NO SIGN OF RECOVERY - GABRIELLA
COALspot.com: We attended the 19th Annual Coaltrans Asia Conference, where we found most of the speakers were not very optimistic on the outlook for ...
Tuesday, 11 June 13
NEWCASTLE PORT SHIPPED MORE COAL WEEK ENDED 11 JUNE 2013
COALspot.com - Newcastle port in Australia has loaded 3,104,509 tons of coal for the week ended 0700 hours 11 June 2013, Newcastle Port Corp. ...
Tuesday, 11 June 13
OUTLOOK FOR CAPESIZES LOOKS GRIM, DESPITE FALLING IRON ORE PRICES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Things aren't looking all that rosy for the dry bulk market, despite a stronger volume of iron ore imports during the months of March and April, as ...
Sunday, 09 June 13
CFR SOUTH CHINA COAL SWAP IS UNDER PRESSURE
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average July 2013 delivery have lost 0.03 percent week on week but gained 0.07 pe ...
Sunday, 09 June 13
IRON ORE DEMAND: WEAK; COAL MOVEMENT: STEADY TO INDIA AND CHINA - CAPT. REDDY
COALspot.com - The freight market was fairly steady with BDI up by 0.37 per cent closed at 812 points this week.
The Cape index was also ended in ...
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- Singapore Mercantile Exchange
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- Renaissance Capital - South Africa
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- Sree Jayajothi Cements Limited - India
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- Posco Energy - South Korea
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- Ambuja Cements Ltd - India
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