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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
FearnleysSupramax
More activity from USG , front hauls to Far East have settled around $25000, and to Cont around $20000. Stable gain again in Black Sea with grain cargoes being fixed over $20000 now to SE Asia.

According to Fearnleys analysts, many Atlantic cargoes appearing in Cont. Supras have hired around $8000 from Continue to Brazil. Usual scrap runs fixed around $17000. Front haul from ice restricted Baltic ports have collected ca $25000 daily. A stable and still active week in Pacific, where Nickel ore rounds to China ex. Philippines is paying Supras around $11000.

The Oslo based broker further noted that, Indo/China coal rounds are paying in the low $13000 to S. China and high $13000 further North in China. On the period front Japanese built Supras are able to obtain high $12000, while 2 laden legs were fixed at low $12000 ex CJK.

Panamax
Commenting on Panamax Fearnleys says, a new week with firm rates and a positive sentiment in both hemispheres. However, midweek it seems that the market has taken a breather especially in the Atlantic with a softer mood. More mixed feelings about the direction in the market has led to a waiting game among owns and charterers with limited activity. TA and FH rates are respectively at levels high $13000’s and mid $19000’s, while Baltic rounds continue to pay a high premium for ice classed vessels due to the ice conditions.

Fearnleys weekly report further noted that, the sentiment in Asia appears to remain, despite a softer paper market, slower ECSA trading and less period activity. A transpacific RV is now priced at mid $13000’s, but we expect the rates to decrease in the coming days if we not see more fresh cargoes.

Capesize
A slower cape market with less activity in the Pacific and a continuously inactive Atlantic market said Fearnleys in its latest report.

The c5 route from West Australia is under pressure with last fixture in the very low 6s pmt. Brazilian iron ore is under pressure as well with less requirements and spot levels in the low 15s pmt. The period market remains relatively well supported with a generally good interest going forward, recently concluded in the low $20,000s per day basis one year for well described ships said Fearnleys.


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Monday, 19 March 18
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Friday, 16 March 18
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