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Thursday, 30 August 18
SUPRAMAX: CIS COAL TO FAR EAST WENT AT MID TENS AND TO SE ASIA AT CA USD 8000 - FEARNLEYS
FearnleysCapesize
There was a slow start this week with holiday in UK on Monday. The index has been slowly coming off since then; The C5 route has seen a drop from USD 9,6 pmt level very end of last week to present USD 9 pmt said, Fearnleys in its latest weekly report. The broker further said, C3 has been gradually coming off over the last weeks, with index presently at USD 22,6 pmt. The general sentiment is anticipating this being close to the short term bottom for this route. Period activity being relatively good with healthy tonnage demand for short period upto 1 year period.
 
Panamax
The Oslo based broker, Fearnleys says, this week started on a more cautious note with a holiday in the UK on Monday and generally few reported Panamax fixtures that day. Short Baltic rounds were solid with several Kamsarmaxes being fixed in the region USD 17500-19.000 per day.
 
According to resreach department of Fearnleys, a few healthy trips out were reported with a Kmx supposedly fixing a trip basis APS delivery in the Baltic to India at USD 30.000, and another Kmax fixing Black Sea to the Far East at USD 27.500. Transatlantic round voyages hover around mid USD 14.000, and short fronthauls from the continent get fixed around USD 21.500. Rates in the Pacific has remained rather flat for the week, and a transpacific RV currently pays owners around low USD 11.000.
 
Supramax
Commeting on Supramax, Fearnleys says, week started at an extremely slow pace. USG was less attractive this week, especially for prompt tonnage. Ultras from USEC to Cont were fixed around 20k. Less cargoes from Cont this week, Supras from Baltic to India were discussed at high teens. Usual scrap runs from Cont to Med were done around 13k +. Less activity from B Sea, but rates kept still at low 20s for Fhaul runs with grains Better situation in Pacific basin this week.
 
Steels from N China to PG was fixed close to 10k. CIS coal to Far East went at mid tens and to SE ASIA at ca USD 8k. Coal runs from SAF to Far East were fixed around USD 13k + bb. On the period front Supras were closed at USD 12500 for 5-7 mos.


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