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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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Friday, 02 September 16
EIA FORECASTS U.S. COAL EXPORTS TO DECLINE BY 19 MMST IN 2016 TO 55 MMST
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 16.3  million sho ...


Thursday, 01 September 16
SUPRAMAX GETTING LEVELS OF MID/HIGHER 7K DELIVERY SINGAPORE FOR TRIPS TO CHINA AND AROUND 9K FOR DIRECTION INDIA - FEARNLEYS
Supramax This week started slower with London on bank holiday Monday. The south east Asian market seems to have been taking a breather with chart ...


Thursday, 01 September 16
AUSTRALIA'S NEWCASTLE PORT SHIPPED 2.33 PERCENT MORE COAL IN JULY
COALspot.com: The Port of Newcastle, Australia’s major trading ports and the world’s largest coal export port has shipped $AU 1.10 bill ...


Tuesday, 30 August 16
THE SUDDEN SURGE IN IRON ORE TRADE HAS CREPT UP ON THE MARKET THIS PAST WEEK - GEORGE LAZARIDIS
The sudden surge in Iron ore trade has crept up on the market this past week bringing about a change in the prospects for Capes. Continued increase ...


Monday, 29 August 16
THE 5000 GAR THERMAL COAL INDEX HAS STRENGTHENED BY 9.90% SINCE JANUARY
COALspot.com: A rally in thermal coal prices over the past few months, after years of decline, is still continuing upward and it is expected to ral ...


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