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Thursday, 08 February 18
A NEW WEEK WITH A SOFT SENTIMENT AND DECREASING RATES IN BOTH HEMISPHERE FOR THE PANAMAXES, SAYS FEARNLEYS
PanamaxSupramax
USG dropping remarkably due to lack of fresh enquiry both for fhaul and bhaul, Supras were fixed from USG to Spore-Japan range now around USD 20k daily, trips to Med and Cont were concluded around USD 17-18k daily.

According to Fearnleys, from SAM bigger Supras were employed around 14k daily+bb for fhaul. Usual scrap runs from Cont to Med were done around USD 12k daily. Fertz cargoes from Baltic to F.East around 19k daily. Fearnleys research team further noted that, there were many spot vessels open around Cont, many heading to USG now. Grain stems from BSea trying to keep up with positive trend from last week. Market losing value also within Pacific due to decreasing volume of cargoes just before Chinese New year. Pacific round voyages were concluded around 8k and less.

Panamax
Commenting on Panamax, Fearnleys says, a new week with a soft sentiment and decreasing rates in both hemisphere for the Panamaxes. With the Chinese New Year around the corner, combined with a growing tonnage list and both basins needing an injection of fresh enquiry, the expectations going forward still being soft. In the Atlantic region the TA market has dropped to mid 10k’s, while FH rates are around 17k’s. Activity in the Pacific was limited and the upcoming holidays lending little support to falling rates. Transpacific RV is now priced at low 9k’s and we expect the rates to decrease further in the coming days. FFA’s, March is trading at low 12k’s, while April is now priced at low 13k’s on the P4TC index.

Capesize
Limited volumes, mixed sentiment and uncertain short-term direction for the big ships. Average daily earnings marginally down w-o-w to come in at a moderate USD 12,500 says Fearnleys in its latest market report. The Oslo based broker further noted this is not dramatic on the sole consideration that we are in "low and slow" season, but the fact that a considerable number of ships are caught up in Chinese port delays may give reason for concern. Bumpy rides on the two main iron ore volume routes, where it is worthy of notion that whilst Brazil/China is up a nominal 10 pct, the Waust/China conference rate is inversely down 5 pct. Period interest and -activity essentially good, with last representative fixtures including 181,000 dwt, built 2012, reportedly done for 11-14 months at USD 19,750.


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Recent News

Thursday, 15 March 18
SUPRAMAX: INDO TO CHINA COAL ROUNDS ARE PAYING IN THE LOW $13K TO S. CHINA AND HIGH $13K TO NORTH IN CHINA
Supramax More activity from USG , front hauls to Far East have settled around $25000, and to Cont around $20000. Stable gain again in Black Sea w ...


Thursday, 15 March 18
BHEL COMMISSIONS 600 MW THERMAL POWER PLANT FOR APGENCO IN ANDHRA PRADESH
Bharat Heavy Electricals Limited (BHEL) has successfully commissioned a 600 MW coal-based thermal power plant in the state of Andhra Pradesh. ...


Thursday, 15 March 18
SUEK GROUP SECURES $1.055BN 5-YEAR SYNDICATED PRE-EXPORT FINANCE FACILITY
SUEK Group signed a $1.055bn syndicated pre-export loan agreement. The facility with five years duration is secured against the Group’s expor ...


Wednesday, 14 March 18
COAL PRICES UP SAYS MINERALS COUNCIL - IAN KIRKWOOD,THE HERALD
NSW thermal coal exports were at near-record levels last year but prices were up, the Minerals Council of NSW has said after appraising annual stat ...


Wednesday, 14 March 18
NEW COAL PRICE FORMULA DOESN'T APPLY RETROACTIVELY: OFFICIAL - THE JAKARTA GLOBE
The Energy and Mineral Resources Ministry has decided to change the implementation period of the new discounted price formula for coal sold to the ...


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