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Thursday, 11 August 16
CAPESIZE THE PACIFIC SIDE IS LOOKING MORE POSITIVE, DRIVEN BY AUSTRALIAN IRON ORE - FEARNLEYS
 Supramax
Rates continue to be under pressure with index ending up with 639 points and average TC value at USD6,680, said Fearnleys. Fearnleys A/S has over 130 years of dry cargo brokerage experience. Supply of vessels within Continent/Baltic has increased and although the preference is to stay in the Atlantic, there are more owners willing to rate to the Far East.
It went on to add that, Fertilizer business among 30,000dwt have seen rates around USD19 from Baltic to Brazil. Rates out of ECSA are definitely softening while the USG is uncertain. In addition, slow start for the week in Asia with national holidays in Singapore and Japan. Rates in South East Asia are generally moving sideways, or softening. Most trades are concluded on a leg basis with owners absorbing the ballast. The period market is quiet for now.
Panamax
The Oslo based dry cargo broker Fearnleys noted that, the sluggish tendency from last week has been temporized by early week holidays in the East and muted activity. Fresh Atlantic requirements and increased USG fronthaul activity lifted the sentiment from mid week though.
According to Fearnleys, T/A rounds now paying above 5.000 on T/C, although voyage rates not showing same improved results yet. Fronthaul from Cont alt USG stand well above 10.000 bs Cont/Med delivery, and Owners are reluctant to move. ECSA fronthaul still alive and done above 7500 + 250 mid week. In the Eastern hemisphere rates have been more shaky, but rates seem to hold in a 5.000 market on average and moving north. Period activity a bit scarce with levels in the mid/upper 5’s for Panamax for short up to about 1 year.
Capesize
Commenting on Cape size ships Fearnleys says, the Pacific side is looking more positive, driven by Australian iron ore. The increased activity by the Australian miners has improved rates by 30 cents so far this week and owners are convinced the trend will continue. In the Atlantic however the situation remains as per last week with a surplus of spot ships and hardly any spot cargoes. The five tc average is presently USD 5500.
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Monday, 25 July 16
THE BDI FELL ON WEAKER RATES FOR CAPESIZE & PANAMAX VESSELS
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities slide slightly as Cape and Panamax segments ending in neg ...
Friday, 22 July 16
U.S COAL OUTPUT ROSE 17.2% WEEK OVER WEEK - EIA
COALspot.com – U.S, world’s second largest coal producers has produced approximately totalled an estimated 15.1 million short tons (mms ...
Thursday, 21 July 16
WHAT TO DO WHEN YOU DON'T GET PAID - SHIPOWNERS CLUB
Present market conditions have led to an increase in claims related to unpaid hire. To recover unpaid hire, Owners need to fully understand who the ...
Thursday, 21 July 16
CONSTRUCTIVE TOTAL LOSS: WHAT GOES IN TO CALCULATING QUANTUM? - HILL DICKINSON
KNOWLEDGE TO ELEVATE
The Commercial Court recently delivered its judgment in an important case (Connect Shipping Inc and Machrimar Management ...
Wednesday, 20 July 16
EDIBLE OIL MARKETS ACROSS THE GLOBE REMAIN UNDER PRESSURE - STELIOS KOLLINTZAS
The edible oil markets across the globe remain under pressure on the back of lackluster demand. Some of the main factors causing the low activity a ...
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