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Thursday, 13 July 17
SUPRAMAX: NICKEL ORE TRIPS TO CHINA VIA PHILIPPINES WITH DELIVERY S. CHINA IS PAYING AROUND MID $9000 - FEARNLEYS
PanamaxSupramax
COALspot.com: Another slow start to the week with somewhat softening rates and few fixtures.

Nickel Ore trips to China via the Philippines with delivery S. China is paying around mid $9000, while nopac rv paying Ultras around $9000+200k on aps bss says Fearnleys research in its latest weekly report.

According to Fearnleys, Indo/India trips with delivery Thailand range is giving owners around mid $8000, while sand trips from Vietnam to Singapore is getting fixed around $7000. Few movements and signs of softening both from ECSA and USG. Latter mostly due to holidays in States. Fearnleys further commented, the Continent seemed to be tightening up on supply. Supras open Continent was fixed around $14000 daily for fronthaul and backhaul around $5000 daily. Backhaul from the Far East to Continent were fixed around $4000 daily with the split rate.

Panamax
Commenting on Panamax Fearnleys said, the activity in the Panamax market has slowed down quite substantially the last week, especially in the Atlantic region putting a downward pressure on rates across all routes.

TA and FH rates are respectively at levels around mid $8000’s and mid $14000’s. According to Fearnleys’s forecast, the Atlantic market is expected to slide further in the coming days with negligible fresh biz. The Pacific market is struggling to absorb all the tonnage available, and a transpacific RV is at the time of writing facing levels just below $8000’s. It seems as the market is over the top for this time, at least in the short-term perspective. FFA’s, July is priced at around $9000’s, while Q4 now priced at mid $9000’s on the P4TC index.

Capesize
Considering we are in a year with relatively good expectations, it is depressing to see the realities surrounding us at the moment says Fearnleys. Rates for Capes have been dropping steadily and they still are, with the index dropping 10% in one day: A spot trip in the Pacific pays around $6000 a day, whilst the c3 is presently just below $11 pmt. According to Fearnleys, the Iron ore prices have been slightly up in the beginning of the period but dropping again over the last couple of days. The build-up of stock in China in April, as well as being in a seasonally weak period, is creating the situation we are currently in.


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Tuesday, 12 September 17
KOMIPO TO IMPORT 2.5 MILLION TONS OF 5700 NAR COAL FOR 5 YEARS
COALspot.com: South Korea state-owned utility Korea Midland Power (KOMIPO) issued an another new tender for total 500,000 Metric Tons of Bituminous ...


Monday, 11 September 17
A PUNCHY WEEK FOR THE BIG SHIPS AS THE RATE FOR WEST AUSTRALIA TO CHINA HIT $8.00 THE FIRST TIME IN NEARLY THREE YEARS - BALTIC EXCHANGE
Capesize A punchy week for the big ships as the rate for West Australia/China hit $8.00 the first time in nearly three years. A Jiangsu Steamship ...


Monday, 11 September 17
INDONESIAN ICPR SURGES HIGHER, POSTS BIGGEST MONTHLY RISE SINCE DECEMBER 2016, ESDM DATA SHOWS
COALspot.com: Indonesian coal benchmark price surges 9.60% in September, government data showed. The benchmark price of Indonesian th ...


Monday, 11 September 17
KOMIPO INVITED BIDS FOR TOTAL 6.235 MMT OF 5700 AND 5100 NAR COAL FOR 2017 TO 2022 LOADING
COALspot.com: South Korea state-owned utility Korea Midland Power (KOMIPO) issued an another new tender for total 1,590,000 Metric Tons of Bitumino ...


Monday, 11 September 17
THE FREIGHT MARKET ROSE WEEK OVER WEEK; BCI UP 22.22% & BPI UP 14.77%
COALspot.com: The freight market rose in all segments week over week. Mainly Cape and Panamax have supported to pushed up BDI this past week, BDI, ...


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