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Wednesday, 31 August 16
THE DRY BULK MARKET MANAGED TO FIND FURTHER SUPPORT DURING THE LAST DAYS OF THE SUMMER SEASON - INTERMODAL
PanamaxThe Dry Bulk market managed to find further support during the last days of the summer season, with the BDI climbing above 700 last Friday, reaching levels last visited over a month ago.

According to Intermodal, the extended improvement, which  was particularly impressive in the case of the Capesize market, proves recently formed expectations of a stronger “back to school season” correct, while at the same time sentiment across the market appears to be steading.

Additionally, the broker further noted, we reiterate our opinion that the fact that earnings did not crash during the quiet summer months is in itself an encouraging sign that a strong bottom has been created and that a healthier remainder of the year could be well ahead if activity in key trading regions offers the expected support. As far as period business, interest remains concentrated around the smaller sizes and shorter periods,  with both charterers and  owners reluctant to commit themselves to longer contracts before a more clear view of what’s coming ahead is possible.

Despite a still very uninspiring Atlantic, the performance of the Capesize market in the East managed to support rates for the segment overall, with expectations for another positive week ahead,  while period interest remains limited.

Commenting on Panamax, Intermodal says, rates for Panamaxes were the only negative exception, as weak trading in both the USG and North Atlantic  combined with overall flat markets in South America and the East, allowed charterers to exert pressure  throughout the week.

The market for the smaller sizes remained upbeat in most key trading regions for yet another week, with the Asian market holding firmly onto its recent gains as well, while period interest was mostly concentrated around  Supramax/Ultramax tonnage.


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Monday, 12 September 16
THE CAPE MARKET HAS GAINS ON WEEK; THE CAPE INDEX SETTLING AT 1566 POINTS ON FRIDAY
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities rose and ending in a positive note this past week. The BD ...


Friday, 09 September 16
U.S. WEEKLY COAL OUTPUT DECLINED SLIGHTLY TO 16.1 MMST, EIA SAYS
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 16.1 million short ton ...


Friday, 09 September 16
CAPESIZE: THE SENTIMENT IS SOLID, SAYS FEARNLEYS
Supramax A quiet start with Labour Day celebrations in the United States leading to very little being reported from the Atlantic basin. Supramaxe ...


Thursday, 08 September 16
U.S. COAL EXPORTS IN JUNE 2016 UP 29% COMPARED TO MAY 2016, SAYS EIA
U.S. coal production in August was 71 million short tons (MMst), which is 6 MMst (9%) higher than in the previous month and 12 MMst (14%) lower tha ...


Wednesday, 07 September 16
WEEKLY MARKET (TANKER) REPORT - INTERMODAL
What goes around comes around! The Shipping industry is infamous for its seasonality and cyclicality and the tanker sector is no exception to these ...


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