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Thursday, 04 January 18
SUPRAMAX: INDO TO CHINA WERE FIXED AT AROUND $8K DAILY; DOWN AROUND 27% WOW
PanamaxSupramax
Q1 kicked off with an usual standby with all counterparts waiting for the market to take direction. Further holidays in East-Europe added somnolence to Atlantic market specially within fertilizer, coal and scrap cargoes, says Fearnleys in its latest weekly report.

According to Fearnleys this year’s first report further said, Supras from Cont/Baltic for fhaul cargoes(+inl breach) though obtained similar levels to last done in end Dec (ca USD 17k daily). Owise very little reported.

From last week USG to China ships were fixed $24-15k daily and to S Brazil rates were ca $18k daily. Pacific has a same tendency and rates are dropping even further there. Backhauls from CJK to Med were concluded around $4k daily on an Ultramax. Supras del Singapore via Indo to China were fixed last week around $11k , now only around $8k daily.

Panamax
Commenting on Panamax, Fearnleys analysts team says, as expected, it has been a slow and sluggish start to 2018, with both owners and charters watching the market to see how it evolves. Over the holidays, there have been many discounted rates agreed, but this might not be representative for the market in general as owners and charters wanted to finish business before the start of 2018.

At the time of writing, Fearnleys says, the TA market has dropped to abt mid $11k’s, while fronthaul’s are being fixed in the $16 to 17k’s depending on duration. The sentiment in Asia remain soft with a transpacific RV priced at mid $9k’s and the expectations going forward is mixed. In general, the market need more fresh cargoes in both hemispheres to turn the freight rates into a positive trend.

Capesize
The Cape market dropped sharply into the new year, with the basket falling from around $30,000 USD p/d to $15,000 p/d within just a couple of weeks. However, the market has livened up slightly at the start of the year, raising hopes that January and perhaps February will be firmer than usual. The FFA currently prices January at $14,900 p/d and February at $13,200 p/d - healthy levels considering the seasonal headwinds fazed during these two months (higher vessel deliveries + the Chinese new year).


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Recent News

Friday, 03 August 18
HBA HAS RISEN 28.41 PER CENT IN A YEAR TO BE AT THEIR HIGHEST LEVELS SINCE JANUARY 2012
COALspot.com: The benchmark price of Indonesian thermal coal has risen 28.41 per cent in a year to be at their highest levels since January 2012.&n ...


Thursday, 02 August 18
INDO / CHINA COAL RV'S IS PAYING AROUND USD 11,000 TO SUPRAS BSS DELIVERY SINGAPORE - FEARNLEYS
Capesize The counter seasonally strong market during the summer months bodes well for the remainder of the year.    According ...


Wednesday, 01 August 18
JOKOWI CANCELS PLAN TO REVOKE COAL DMO - JP
President Joko "Jokowi" Widodo on Tuesday has canceled the government’s plan to revoke the domestic market obligation (DMO) for coa ...


Wednesday, 01 August 18
SHIPPING MARKET INSIGHT - GIANNIS ANDRITSOPOULOS
The dry bulk market activity over the past four weeks has remained stable when compared to the previous months. There are concerns with regards to ...


Tuesday, 31 July 18
INDONESIA UNLIKELY TO CHANGE COAL SUPPLY, PRICING RULES UNTIL 2019 - REUTERS
Indonesia is unlikely to change its rules on domestic coal supply and pricing until 2019, Coordinating Maritime Minister Luhut Pandjaitan said on M ...


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