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Thursday, 03 August 17
SUPRAMAX: INDO TO CHINA COAL ROUNDS ARE GETTING FIXED AROUND MID $8000 - FEARNLEYS
In the Pacific rates have remained weak and under pressure this week with most routes softening.
Indo/China coal rounds are getting fixed around mid USD 8000 with Singapore delivery, says Fearnleys Weekly Dry bulk report. Nickle ore rounds via Philippines has been fixed around USD 9000, while trips WCI/MEG to Spore/Japan is paying around low USD 9k.
According to Fearnleys research team, in the Atlantic Black sea market has still been fairly firm while Cont/Baltic has softened. ECSA front haul to Bangladesh has been fixed around mid USD 13k + USD 350000 bb, while from further north in the Atlantic USG to India is paying around USD 20000.
Panamax
After leaving last week on a softer note in both hemispheres this trend continued into this week. Mid week we do however see some signs of firming rates in the Atlantic, both for TA’s and Fhauls, said Fearnleys.
TA’s now paying in the high 9’s while shorter Baltic rounds are seeing 11-12k. Fhauls for the bigger candidates are seeing levels around 18k with Cont delivery. We do see more coal cargos out of USEC and also some more activity in the rest of North Atlantic. In the Pacific we have seen the same tendency at Pac rounds are now paying around 7,5-8k.
Capesize
Commenting on Cape, Fearnleys says, rates improved on the background of increased iron ore prices, up approx 10 % so far this week. Activity was good, despite a small correction towards the middle of the week. However sentiment remains positive and the general demand for tonnage is strong. Brazil -China route is around healthy USD 14 pmt and the front haul market is well excess of USD 20,000 daily.
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Tuesday, 28 June 16
WEEKLY CS COAL INDICES ROSE ON RENEWED DEMAND FROM CHINA
COALspot.com: Average 5000 GAR coal index of Indonesian origin was up by 0.66 percent week over week to averaging $39.65 per ton this past week, sh ...
Tuesday, 28 June 16
CHINA'S IRON ORE IMPORTS: HOW MUCH MORE WORK FOR CAPES? - CLARKSONS
Chinese iron ore imports account for around two thirds of global seaborne iron ore shipments, making it the key driver of Capesize employment. Whil ...
Monday, 27 June 16
LATEST NEWS ON BIMCO'S CONTRACTS AND CLAUSES
BIMCO is currently updating several of its most widely used charter parties including SUPPLYTIME and BARECON. New developments include the Standard ...
Monday, 27 June 16
BREXIT RESULT COULD SEE UK FACING AN EXODUS OF MARITIME TALENT - FASTSTREAM
The UK’s decision to leave the EU has the potential to drive many of its maritime employees away, according to the results of a survey issued ...
Monday, 27 June 16
THE BDI UP 3.75 PERCENT ; BCI FELL 1.51% WEEK OVER WEEK
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities rose this past week. The BDI was up 3.75 percent from las ...
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