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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

Monday, 16 April 18
MINISTER IGNASIUS JONAN SPEAKS HIS MIND AT INDONESIA MINER - IAN WOLLFF
The Minister for Energy and Mineral resources, Ignasius Jonan, delivered a key note address at the Indonesia Miner conference in Jakarta on the 11 ...


Thursday, 12 April 18
THE PERFECT STORM FOR THE BIG SHIPS - THE BALTIC BRIEFING
Capesize The perfect storm for the big ships: with holidays, force majeure in two ore exporting ports and bad weather undermining the market. A l ...


Thursday, 12 April 18
SHIPPING CAN MANAGE US-CHINA TARIFFS, BUT RISKS RISING - FITCH
Container and, to some extent, dry bulk would probably be the shipping segments most affected by the recently announced US and China tariffs, Fitch ...


Thursday, 12 April 18
SUPRAS HAVE FIXED MID $11K FOR AN INDO RV TO S. CHINA DELIVERY PHILIPPINES - FEARNLEYS
Supramax 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 ...


Thursday, 12 April 18
ALWAYS ACCESSIBLE
KNOWLEDGE TO ELEVATE On 26 March 2018 Mr Justice Knowles determined that the berth warranty ‘always accessible’ must mean the vess ...


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