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Thursday, 12 April 18
SUPRAS HAVE FIXED MID $11K FOR AN INDO RV TO S. CHINA DELIVERY PHILIPPINES - FEARNLEYS
FearnleysSupramax
Slow week with little light for improving rates. ECSA to Far East still around $15k + bb and same to Med ca $14k, says Fearnleys in its latest weekly report.

More balanced cargo/tonnage supply from Cont. Scrap run from Cont to Med gone around $14-15k. Ice restrictions disappearing in Baltic hence more tonnage available for those chrts and vice versa.

Fearnleys further noted, Grains from B Sea to SE Asia levels back to February i.e ca 17k.The market is still slow in the Pacific, however some fixtures has been concluded. Supras have fixed mid $11k for an Indo rv to S. China delivery Philippines, while CIS coal trips are paying around mid $9k. Nickel ore trips from Philippines to China are paying Supras around mid $12k, while SE Asia to Bangladesh is paying around mid $14k.

Panamax
Commenting on Panamax, The Oslo based broker Fearnleys says, another uneventful week with falling rates in both hemispheres. After a holiday-disrupted week with little new fresh cargoes in the market the rates have been under pressure again and a very weak paper market has given little support physical.

TA rates Fearnleyssays, has dropped to low $10’s, while the FH rates is in the range of $17k’s. The activity in the east has also been slow in accordance with the Atlantic market and has been more depressive compared to the TA and FH market. Transpacific RV is now priced in the range low $10k’s. The expectations about renewed activity from South America is much needed to lift the current rate levels in both basins. FFA’s, May is priced at mid $12k’s, while Q2 is at low $12k’s on the P4TC index.

Capesize
After a relatively long period of time with falling rates, things have finally improved said broker Fearnleys. This was mainly in the Pacific, with c5 moving upto $6 level early in the week. This positiveness created a better sentiment, however other main routes like Iron ore out of Brazil and Atlantic activity remain inactive. This has resulted in a bigger level of spot ships in and towards the Atlantic as well as ships ballasting towards Brazil.


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