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Thursday, 14 December 17
SUPRAMAX: INDO COAL TO CHINA AROUND LOW $10K DELIVERY SINGAPORE
PanamaxSupramax
Atlantic basin kept its firm pace with charters still busy with covering pre-holiday requirements. Ultras got close to $20k for ordinary scrap runs to Med. More stable atmosphere for fronthauls from both Continent and USG, where we can discuss ca $18k and $25k USD per day respectively said Fearnley in its latest weekly report.

Fearnley's market analyst further noted that, Supras from South America to SE Asia were fixed around $15k + bb. The Pacific market is negative this week on most of the routes. Supras fixing Indo coal to China around low $10k delivery Singapore, while WCI to China is paying Supra owners around $9k. S. China trips to N. China is paying around $11k, while CIS coal trips are paying around mid $8k delivery N. China. S. Africa trip to Feast is paying around mid $11k + 180k gbb.

Panamax
Commenting on Panamax, Fearnley says, it has been a new week with very strong freight rates in both hemispheres, especially in the north Atlantic region where we have seen talk about TA’s done at over $20k and FH in the region $22-23k, depending on duration.

Fearnley further noted, Index is lagging, so we expect strong index numbers in the coming days because of the positive sentiment. Nevertheless, the cargo volumes seem a bit thin on the Atlantic side, so a little more tonnage into the market without a push on the cargo side will definitely have an adverse effect on the freight rates. The sentiment in Asia remain firm with a transpacific RV priced at around mid 11k’s, but it seems that the expectations going forward it's a bit mixed with some talk of a softening trend.

Capesize
According to Fearnley , despite the year end approaching, the market remains at extremely firm levels. Over the last week the average 5 tc index crossed the $30,000 mark and West Australia is still being concluded around $10 pmt. Delays in Chinese ports and a generally tight tonnage supply in the Atlantic is supporting continuously stronger rates towards Christmas as well as for the beginning of the new year.


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Recent News

Friday, 11 January 19
SUPRAMAX: THE ASIAN ARENA HAD A MIXED START; LIMITED ACTION IN SOUTHEAST ASIA - THE BALTIC BRIEFING
Capesize Dashed hopes summed up the first full week of the New Year. A slow start followed by a busy 24 hours of improving rates and a firming ...


Thursday, 10 January 19
BUNKER DELIVERY NOTE AMENDMENTS ENTER INTO FORCE AS SULPHUR 2020 REQUIREMENT LOOMS - IMO
KNOWLEDGE TO ELEVATE Amendments to the bunker delivery note relating to the supply of marine fuel oil to ships which have fitted alternative m ...


Thursday, 10 January 19
WORLD TRADE IN THERMAL COAL IS ESTIMATED TO HAVE GROWN BY 1.0 PER CENT IN 2018 - DEPARTMENT OF INDUSTRY, AUSTRALIA
World Trade World trade in thermal coal is estimated to have grown by 1.0 per cent to 1.1 billion tonnes in 2018 but it is expected to decline ...


Thursday, 10 January 19
PAKISTAN'S COAL IMPORTS TO SURGE TO 30 MILLION TONS PER ANNUM BY 2020 - CEO, PIB
Pakistan’s coal imports are estimated to surge to 30 million tons/annum from existing 20 million tons/annum by the year 2020, given the plann ...


Wednesday, 09 January 19
PANAMAX: THE PACIFIC SAW RELATIVELY GOOD DEMAND PARTICULARLY FROM INDONESIA AND NOPAC - BALTIC BRIEFING
Capesize It was an active start to the New Year, with trading from West Australia maintaining momentum during the holiday period. Rates for Chi ...


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