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Thursday, 23 August 18
SUPRAMAX: SOME FRESH COAL CARGOES APPEARED IN SE ASIA, GIVING A BIT PRESSURE ON RATES FOR END AUGUST SHIPMENTS - FEARNLEYS
FearnlyesCapesize
Slightly softer but generally very healthy for the big ships, with limited supply of early tonnage and positive Brazilian ore export volumes being the two main drivers. 
 
According to Fearnleys Weekly Report, average daily earnings were fallen USD 1000 to USD 25000, still a high number taking into consideration time of year. Levels agreed for 100-day China-Brazil-China rounds however down to par with 35-day Pacific rounds, which could reflect a more modest view on Q4. Period interest and activity considerable with support of positive medium term FFA levels - representative deals include 177k dwt/built 2006 China fh Sept done for about 2 years at USD 19,900/day, also top-spec 182k dwt/built 2015 Far East Q1/2019 said done for 3 years at USD 23000, both to majors.
 
Panamax
For the second week in a row, rising rates in both the Atlantic and Pacific basin has seen the index rising to a four-week high. Fearnleys, Oslo based broker says, a continued tight tonnage supply in the North Atlantic saw transatlantic round voyage rates rising to high USD 13,000, while fronthauls from the Continent pay owners around USD 20,500. the report further noted that, the activity in the East remained busy with Australia and Nopac rounds fixing at higher levels. A transpacific RV currently yields around USD 11,000, with backhauls to the Skaw-Gibraltar area positioned at high USD 4000. The BPI index is up 157 points to 1560.
 
Supramax
Commenting on Supramax, Fearnleys says, continuing improvements for Atlantic positions albeit in a slower pace. Ultra with fertilizer from Cont on front haul were offered USD 19k+, scrap to Med 15k. Med also performing better, where Supras were fixed at USD 16,000 - 17,000 for trip to WAF. USG rates getting most attention; fhaul with pet-coke went at mid 20s. Supras en-route Cont are fixed above 20000, Ultras to Med USD 22000 for same. A very quiet start to the week, continued by mid-week as Singapore was off for holidays. Some fresh coal cargoes in SE Asia appeared, giving a bit pressure on rates for end August shipments. From South Africa, Supras getting paid around low USD 12000+low 200,000 for tct to China, while nickel ore round going for ca low USD 12k via Philippines back to S. China.


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Tuesday, 28 August 18
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Tuesday, 28 August 18
SUPRAMAX: A COAL TRIP VIA INDONESIA PAID $13,500 ON A 56,000DWT TO WC INDIA - BALTIC BRIEFING
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Tuesday, 28 August 18
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As we edge close to the start of the Autumn Season, a period within the year that is usually characterized as the pivot point from the final quarte ...


Friday, 24 August 18
KOREAN RESTRICTIONS ON COAL SULPHUR IMPACTING HUNTER EXPORTS - THE HERALD
WARNINGS that Korean restrictions on sulphur levels in coal could hurt the Hunter industry appear to have been accurate, according to a report in t ...


Thursday, 23 August 18
RUSSIA'S MECHEL PRODUCED 9.69 MMT OF RUN-OF-MINE COAL IN 1H'2018
Mechel PAO, one of the leading Russian mining and metals companies, announces 1H2018 operational results.   Mechel PAO’s Chief E ...


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