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Thursday, 23 February 17
ULTRA SUPRAMAX: INDONESIA TO INDIA IS GETTING AROUND $10-11K BASIS SINGAPORE DELIVERY
PanamaxSupramax
The week started off quietly in the Atlantic with more activity in the Pacific basin.

According to Fearnleys weekly report, fronthaul from ECSA is paying around mid 11k + around 150k bb, while Ultras are achieving in the low 12k + low 200k for same. USG to East Med is paying around 17k for Supras, while fronthaul from Continent to SE Asia is getting fixed at around low 14k. Fearnleys weekly report further noted that another strong week in the Pacific with rates continuing to rise. WC India to China is paying owners around mid 8k, while on trips via Indo to India Ultra owners are able to get around 10-11k bss Singapore delivery. Supras open Singapore are achieving 9k for trips to China and Ultras open N. China/Japan range are fixing nopac rv’s at around low 8k.

Panamax
Commenting on Panamax, Fearnleys  says, the North Atlantic is showing clear signs of oversupply of tonnage. We see rates coming off for regular rounds while the ice classed Baltic rounds seems more stable at premium levels. Regular TAs paying around 7k while Baltic ice trades can achieve 11k. The ECSA grain market has been quite stable this week with Kmax unites fixing mid 9k plus USD 400-450k GBB. In the Eastern hemisphere the market has seen a fair flow of deals being done and market is coming up. Pacific rounds paying around 8k and the period market for larger Kmax units is in the 9k’s.

Capesize
Market have increased a lot in the Pacific as the West Australia-China route finally woke up after the Chinese New Year. Week-to-week the c5 is up almost USD 2 as all the majors been chasing freight. However, the other Brazil segment is showing very little sign of life though the bids have improved a bit from the very low last week said Fearnleys.


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