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Thursday, 02 July 15
THE PERFORMANCE OF THE CAPESIZE SEGMENT PUSHED DRY BULK MARKET TO UPWARD LAST WEEK
PanamaxCOALspot.com: The Dry Bulk market continued its upward movement last week, with the BDI closing off on Friday (26 June) in excess of 800 points, while the performance of the Capesize segment was the main driver behind this movement.

According to Intermodal ship broker, the million dollar question is without a doubt whether this latest positive reversal is going to turn into a rally with strong legs. It is certainly nice to see earnings for Capes being in excess of $10,000/day but we remain skeptical as long as the rest of the market keeps moving sideways and even in the case of Capes we will need to see rates being sustained at current levels for an extended period of time to safely say that fundamentals point towards a healthier market compared to what have been experiencing from last year up until recently.

The Greece based ship broker further noted that, the Capesize segment remained the strongest link despite the fact that activity was overall slower this time round, while the second half of the week and the beginning of this one saw a quiet market with very little fresh business being reported. At the same time, the period market also slid quietly into the weekend, with fewer fixtures compared to the week prior but slightly improved numbers.

Panamax orders ex-ECSA combined with scarcity of tonnage from the Continent, supported the Atlantic market last week, while the Pacific Panamax was softer across most routes in the region, the broker noted on Panamax.

Commenting on small segment, the broker said that, the Atlantic Handysize/ Handymax/ Supramax market remained stable for a second week in a row, with market talk of positive sentiment being intense. At the same time, things in the Pacific moved sideways, while rates ex-Continent moved slightly down.


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Wednesday, 15 July 15
SAS TO BUILD 108 KM ROAD FOR COAL IN JAMBI, SAYS JAKARTA POST
Jambi Governor Hasan Basri Agus said on Sunday that mining company PT Sinar Anugerah Sukses (SAS) would develop a 108-kilometer road with a width o ...


Wednesday, 15 July 15
ANY FUTURE IRAN OIL DEAL WILL BOOST SUPPLY FUNDAMENTALS WITH TANKER OWNERS HOPING FROM TEHRAN TO QUICKLY BOOST ITS PRODUCTION
With the Greek “Euro-drama” apparently over, at least for now, Iran’s oil deal still remains elusive, with any potential agreemen ...


Tuesday, 14 July 15
FOB NEWCASTLE COAL SWAPS MAINTAIN OVERALL NEGATIVE TONE THIS PAST WEEK
COALspot.com: API 5 FOB Newcastle Coal swap for Q3’ 2015 delivery down $ 1.02 per MT (-2.23%) month over month to US$ 44.68 per mt. The swap ...


Tuesday, 14 July 15
CFR SOUTH CHINA COAL SWAPS DECLINE THIS PAST WEEK
COALspot.com: API 8 CFR South China Coal swap for Q3’ 2015 delivery declined US$ 1.47 (2.82%) per MT month over month. A commodity swap ...


Monday, 13 July 15
THERMAL COAL IMPORTS SOAR 23 PER CENT TO 24.08 MILLION TONNES AT 12 MAJOR INDIAN PORTS
Import of thermal coal jumped 23 per cent to 24.08 million tonnes at 12 major ports in the first quarter of the fiscal, even as the government cont ...


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