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Tuesday, 01 November 16
PANAMAX : A FAIR AMOUNT OF SIDEWAYS SHIPPING IN RATES - ALLIED SHIPPING
PanamaxCapesize
A very sluggish start to the week, with rates dropping considerably as all optimism seems to have evaporated over the weekend. According to Allied shipping research, the things seemed to have been holding slightly better during the later part of the week, with minimal changes being noted and position lists holding fairly well comparably to what was being seen during Monday and Tuesday. Both basins were seemingly suffering on an equal basis, though it was the Atlantic that noted slightly bigger losses this week.

Panamax
Commenting on Panamax, Allied analyst says, a fair amount of sideways shipping in rates, with most owners taking a cautious outlook with regards to the prospects being seen for the next couple of days. The Atlantic was holding slightly better but with minimal activity being seen it looks as though support here might be dropping. In the East it looked as though things would be holding positive, however during the end of the week we started  to note a downward trend that could amplify further over the coming days.

Supramax
A fair run this week, with activity in the Atlantic helping keep things busy overall, Allied noted in its latest weekly report. The US Gulf and parts of South America were seeing a fair amount of interest helping keep things clear in terms of position lists there. In the Pacific we noted a slip in inquiries, which left owners with little support and with rates noting a slight downward correction.

Handysize
A fairly flat week in the Pacific with slight corrections being seen for both the Transpacific and Far East routes says Allied.

The Atlantic helped cover the difference however, with ample interest being seen in the North Atlantic and parts of the Black Sea/Med, while it may allow for improved confidence moving forward allied concluded for Handy size ships.


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