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Wednesday, 05 March 14
THE BIG BULKERS HAVE IN FACT WITNESSED SIGNIFICANT IMPROVEMENTS IN BOTH BASINS


The BDI continues to  gain  back some of the lost ground,  although in  reality  there isn't a lot to  celebrate about, as the increase of the BDI this  week was mostly the result of Capes strengthening. It is definitely too  early to  make any predictions in relation to  the developments in  Ukraine but we already  witnessed sentiment being  affected as uncertainty is sometimes  almost as  bad as negative news themselves. The Russian President said today that his  country isn't considering adding Crimea to  Russia,  which calmed markets a  bit, so  we are hoping that the situation wont escalate further.

The Capesize segment was the strongest link this past week, with the BCI  climbing to  over 2,000 points.

The big bulkers have in fact witnessed significant improvements in both  basins,  with rates in  Pacific  enjoying the strong  presence of mining majors. The Atlantic  Panamax business struggled close to  the end of the  week, as post Lunar Year ballasters from the Pacific  have now arrived and little new  business was seen for tonnage open on the Continent or in the Med. There  were talks of some fresh inquiry from East Coast South America,  with rates  trending sideways on shorter tonnage list s and fewer ballasters in transit.  The Pacific  basin was under pressure,  with  rates  easing for trips via Indonesia and Nopac  rounds.

The performance of rates for the smaller size segments has remained overall steady in both basins,  with Supra tonnage feeling some pressure from  gathering ballasters in the U SG region,  which nevertheless is expected to  ease this current week.

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.

Information contained within the website of COALspot.com is intended for informational purposes only and is not intended as professional counsel and should not be used as such.



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