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Friday, 18 November 16
CAPESIZE: THE COMMODITIES PRICES ARE INCREASING, RESULTING IN MORE DEMAND AND CONSEQUENTLY RATES ARE MAKING A BIG JUMP - FEARNLEYS
PanamaxSupramax
Apart from booming S. Africa where owners have obtained USD 14-15k to MEG/India and around mid USD 12k to China, the Pacific market has been climbing steadily.

According to Fearnley's weekly report, trips with delivery Singapore via Indo to China is paying around mid USD 6k, while trips from N. China to SE Asia is concluded around mid USD 5k and increasing.

Supras achieving high USD 4/5k for trips via ECI to China, while for Nopac rv getting around mid USD 5k. Firmer tone among Cont and Med, where Supras are obtaining 13k/day for a front haul trip with del W.Med and 12k del Cont. US Gulf en route to SE Asia seeing 16-17k. The period candidates for 8/10 months trading around 7k with redel Atl. While spot market is blooming, owners will wait with forward booking.

Panamax
Commenting on Panamax, the Oslo based broker says, a massive upswing with a flurry of fresh and old requirements, giving owners a return not seen for a long time. Sentiment is powerful, market active and heading straight north mid-week.

The north Atlantic is burning hot with rounds done from 12k to above 16k mid-week. Short trips out not to Owners interest - as they are able to secure above 20k for long trips out.

Short period within Atlantic done from 10-12k. Smaller/older LME done 10k for 4-6 del Cont redelivery Far Eeast. ECSA not so active, but healthy 10+500 reported. Nopac rounds are done above 9k from Japan and Pacific rounds from 7 to 11k dep on delivery, spec and destination. Period activity active with short period up to a year in the 7.5-8.5k range.

Capesize
Fearnley's noted that, the commodities prices are increasing, resulting in more demand and consequently rates are making a big jump. C3 is presently excess of USD 13 pmt and round trips in the Pacific approaching USD 20,000 daily.

Best of all; there is still potential for further improvements, says Fearnleys.


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Recent News

Thursday, 03 November 16
CAPESIZE: BRAZIL/CHINA RATES MOVED TO THE $11 PMT LEVEL; WEST AUSTRALIA/CHINA ROUTE MOVED UP CLOSE TO MID $5 PMT LEVEL - FEARNLEYS
Supramax In the Atlantic we see a bit more activity than in the eastern hemisphere, says Fearnleys in its latest weekly report. Fhauls via Black ...


Wednesday, 02 November 16
SHIPPING MARKET INSIGHT
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Wednesday, 02 November 16
SHIP OPERATING COSTS ARE EXPECTED TO RISE IN BOTH 2016 AND 2017 - MOORE STEPHENS
Vessel operating costs are expected to rise in both 2016 and 2017. Repairs and maintenance and spares are the cost categories which are likely to i ...


Tuesday, 01 November 16
PANAMAX : A FAIR AMOUNT OF SIDEWAYS SHIPPING IN RATES - ALLIED SHIPPING
Capesize A very sluggish start to the week, with rates dropping considerably as all optimism seems to have evaporated over the weekend. According ...


Tuesday, 01 November 16
IMPROVEMENT ON THE DEMAND SIDE ONLY BUT THE SUPPLY SIDE IS WORSE OFF - BIMCO
Back in May, BIMCO disclosed a projected “road to recovery” for the dry bulk shipping industry. The main message back then on what the ...


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