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Thursday, 02 August 18
INDO / CHINA COAL RV'S IS PAYING AROUND USD 11,000 TO SUPRAS BSS DELIVERY SINGAPORE - FEARNLEYS
PanamaxCapesize
The counter seasonally strong market during the summer months bodes well for the remainder of the year. 
 
According to Fearnleys research, the current market environment is reminiscent of what we saw during the second half of last year so we would not bet on it dropping much below 20,000 USD p/d in spite of the usual oscillations of the Capesize market. We are likely to see new highs for the year being reached either during the remainder of Q3 or in Q4 given the high global steel output and relatively low fleet growth.
 
Panamax
Commenting on Panamax, Fearnleys, the Oslo based broker says, after four weeks of increasing average rates for Panamaxes, it has been slowing down in both basins this week. The Atlantic market has come under some pressure as both fresh and existing cargoes have been in short supply. Competition from Supramaxes has also dampened the number of fixtures from USG and NCSA. The latest weekly report from Fearnleys further noted that, a transatlantic round is currently fixed at around USD 14,500, while a short fronthaul yields around high USD 21.000. The ECSAM market has been a little slower this week, with little trading evident. In the Pacific, the market has appeared oversupplied, which has pushed rates down below USD 9.000 per day for transpacific rounds. The BPI index is down 3 per cent to 1539 points.
 
Supramax
An overall flat market for the Supras by mid-week with the holidays season.  In the Atlantic, fronthaul via Baltic to SE Asia is paying Ultras around USD 19,000 while from the East Med/Bsea similar vessels are getting around USD 22,500. Usual scrap runs is paying around USD 13,000 from Cont to East Med. In Indian Ocean Supras are achieving around USD 12,500 + 250k gbb for trip via Safr to China. Further in Pacific, Indo/China coal rv’s is paying around USD 11,000 to Supras bss delivery Spore, while Nopac rv is getting fixed around USD 10,000 says Fearnleys. Nickle ore rounds are paying around mid USD 10,000 via Philippines to S. China and backhauls fm N. China to Med is paying around USD 6,000 for 65 days.


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