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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

Tuesday, 25 December 18
FUEL QUALITY AND SAFETY IN IMO CONVENTIONS: A GROWING CHALLENGE, EVEN PRIOR TO 1 JANUARY 2020 - IUMI
At the 100th session of the International Maritime Organization’s (IMO) Maritime Safety Committee (MSC) meeting discussions on fuel quality a ...


Monday, 24 December 18
DRY BULK MARKET: CAPESIZE MARKET ON BACKFOOT AS 2018'S END DRAWS NEAR - THE BALTIC BRIEFING
Capesize Panic set in in the East as the holiday season approaches, with owners chasing rates lower. Rates on the key West Australia/China route ...


Friday, 21 December 18
4.2 MILLION DWT OF DRY BULK SHIPS SCRAPPED UNTIL 17 DEC, DOWN 71.6% Y/Y - BIMCO
2018 has been a slow year for dry bulk demolitions, with only 4.2 million DWT scrapped (as of 17 December), down 71.6% compared to last year. An al ...


Thursday, 20 December 18
INDONESIAN COAL PRICES DIVERGE FROM KEY BENCHMARK - FITCH RATINGS
The Newcastle 6,000kcal coal price benchmark that is widely used to determine most coal price estimates for Indonesian coal miners has increasingly ...


Wednesday, 19 December 18
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The Chinese government’s objective of suppressing coal and lignite imports in November and December 2018 is adversely impacting demand for Pa ...


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