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Friday, 29 June 18
SUPRAMAX: INDO / CHINA COAL ROUNDS PAYING AROUND USD HIGH 11000 - FEARNLYS
FearnlyesCapesize
Its been an interesting week with a strong demand for ships out of Brazil, making C3 rates remain around USD 19 pmt said Fearnlys in its latest weekly report. The Pacific on the other hand had a more negative trend, with C5 freight rates breaking USD 7 in the middle of the week. The development is as expected considering the time of the year. Sentiment remains super strong for Q3 and Q4 the reports say.
 
Panamax
According to Fearnlys, after a rough last week the Panamax rates have now flattened more out in both hemispheres. Charterers have been holding off in expectation of softening rates, so the week started slowly with few reported fixtures. Consequently the transatlantic RV rates are down to the mid USD 9k's, while a fronthaul now yields around high USD 17.000's. In the Pacific basin, transpacific rates have been equally pressurised and the RV currently pays low USD 10k's. Both ECSA and Indonesia have been considerably active areas throughout the week, but rates have been slightly weakening here as well.
 
Supramax  
Negative development in the Pacific this week, with rates decreasing on most routes says Fearnlys about Supramax ships. 
 
Nickle ore runs paying in the mid USD 12k, while Australian rounds voyages getting fixed around low/mid USD 11k. Indo/China coal rounds paying around USD high 11k, while similar to WCI is trading around USD 11k.


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Recent News

Thursday, 23 August 18
SUPRAMAX: SOME FRESH COAL CARGOES APPEARED IN SE ASIA, GIVING A BIT PRESSURE ON RATES FOR END AUGUST SHIPMENTS - FEARNLEYS
Capesize Slightly softer but generally very healthy for the big ships, with limited supply of early tonnage and positive Brazilian ore export v ...


Wednesday, 22 August 18
KOMIPO INVITES BIDS FOR 480K TONS OF BITUMINOUS COAL FOR BORYEONG POWER PLANT & SHIN BORYEONG POWER PLANTS
COALspot.com: South Korea state-owned utility Korea Midland Power (KOMIPO) issued a tender for 480,000 mt of min. 5700 NAR coal of Australian origi ...


Wednesday, 22 August 18
SHIPPING MARKET INSIGHT - GEORGE PANAGOPOULOS
During the most quite week of the summer period we witnessed a trade war between United States and Turkey. A battle, which started with the arrest ...


Monday, 20 August 18
SUPRAMAX: OVERALL IT WAS A POSITIVE WEEK FOR THE BSI INDEX WITH GAINS MADE - THE BALTIC BRIEFING
Capesize A week of largely unfulfilled expectations with holidays again curbing activity. Rates remained essentially healthy, but despite bad wea ...


Friday, 17 August 18
DO ARBITRATION AGREEMENTS IN BILLS OF LADING BIND THEIR HOLDERS? - WFW
KNOWLEDGE TO ELEVATE Bills of lading are a crucial part of the security package traditionally sought by trade finance providers.   ...


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