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Thursday, 24 May 18
SUPRAS FIXING AROUND USD 15000 FOR INDO TO CHINA COAL TRIPS - FEARNLEYS
FearnleysCapesize
Both the physical and the paper market have dropped sharply the last couple of days on the back of a lack of fresh cargoes and a growing tonnage list.

According to Fearnleys Weekly Report, the index fell by 1,600 USD today with further falls likely in our view. On the futures market, May was down almost 1,400 USD yesterday to 16,400 USD. More modest sell-offs were seen on the longer end of the futures curve indicating that the market sees the recent weakness as more of a short-term issue. After all, volatility has to be expected in the Capesize market and we could easily see the index fall back below 10,000 USD p/d again during the summer.

Panamax
Fearnleys, the Oslo based broker said, a new week without any substantial changes in the Panamax market trends compared to last week. Nevertheless, there have been more activity in pacific especially on NOPAC rv and on the Indo trades, while ECSA have been busy in the Atlantic basin, despite freight rates continue to drop on the TA and FH trades.

TA rates is now priced at low 8k’s, while the FH rates is in the range of mid/high 15k’s. Transpacific RV is now priced in the range mid 11k’s and the good activity in the East is expected to continue in the coming days, the question is whether the Atlantic market will follow the same trend as Pacific.

Supramax
Commenting on Supramax Fearnleys says, more liveliness compared to last week. Still USG dropping a bit, supras for early June fixing ca 17k for fhaul.

From Ecsa to Med Supras were fixed around 15000 and to Cont around 13000. Little fresh from Cont - to SE Asia Supras went around 18000 and similar for re-del India. Supra for early June dates from Med to India were discussed ca 17000 levels.

Pacific market is firm with vessels fixing better than last done on most routes. Supras fixing around USD 15000 for Indo/China coal trips, while Aussie rv fixing around mid USD 12000. From S. Africa vessels are seeing around low USD 12000+250,000 bb, while CIS coal trips are paying in the mid/high USD 11000 passing Busan.


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Recent News

Tuesday, 05 June 18
SOUTH KOREA'S SULPHUR CAP ALTERS ASIAN COAL MARKET DYNAMICS: RUSSELL
South Korea’s imposition of a strict sulphur cap on its imported coal is likely to cause ripples across Asia’s markets for the pollutin ...


Tuesday, 05 June 18
THINGS STILL LOOK TO BE PROMISING FOR THE DRY BULK MARKET OVER THE NEXT COUPLE OF MONTHS - GEORGE LAZARIDIS
Just as we thought the world was calming back down to reason, worries and frictions regarding global trade resurfaced this past week after a series ...


Tuesday, 05 June 18
INDONESIAN COAL PRICE REFERENCE IS GOING UP AGAIN
COALspot.com: According to latest ministerial decree No. 1857 K/30/MEM/2018 dated 4 June 2018, the Indonesian Coal Price Reference (HBA) up 7.91 pe ...


Saturday, 02 June 18
HOW CARBON UTILISATION WILL BE A KEY STEP IN INDIA'S CLIMATE STRATEGY - BENJAMIN SPORTON
For India, energy remains the key driver of growth, not only from an economic perspective but more importantly for accelerating social development. ...


Thursday, 31 May 18
SUPRAMAX: INDO/CHINA COAL RV IS GETTING FIXED AROUND $13K DELIVERY SINGAPORE - FEARNLEYS
Capesize The Cape market has been on a downward trend for the past week.   According to Fearnleys, Oslo based broker, Brazil market ...


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