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Thursday, 06 September 18
SUPRAMAX: SE ASIA-INDO ROUNDS WITH COAL HAVE BEEN CONCLUDED IN THE $13000S RANGE - FEARNLEYS
FearnleysCapesize
The big ships experiencing a bump in the road towards what is commonly expected to be by far the best period of this year. Average daily earnings down 17 pct w-o-w to come in at USD 18,500, says Fearnleys in its latest weekly report. 
 
Fearnleys further noted, Backhaul- and transatlantic levels are typically the routes falling the most, a function not just of lower open volumes for these trades but also a general willingness amongst owners and operators to pay to position for subsequent high-market harvesting in Q4. Positive forward-looking perspectives are further reflected in period activity and levels agreed - representative conclusions include 178,000 dwt/2012 delivering China prompt for 14-18 months at USD 22,100, also 177,000 dwt/2006 in Japan end Sept for 23-27 months at USD 20,500.
 
Panamax
Commenting on Panamax, Fearnleys says, after signs of a market taking a breather last week, the trend has continued and the rates have decreased in both hemispheres in recent days. The week started with limited trading and uncertainty, which affected the rates negatively. A transatlantic round voyage now pays ship-owners around USD 13,000, while a short fronthaul from the Continent yields about USD 20,000. 
 
According to Fearnleys, Panamax's South America trading has been limited, fixing at somewhat lower rates. In the Pacific, a transpacific round pays around low USD 10,000, and the BPI index is down 63 points to 1504.
 
Supramax
Flat week within the Atlantic. Touch softer levels in Cont/Med this week. Trip to Brazil from Cont. with fertilizer done around USD 8,000 and fronthauls approx USD 18,000. 
 
USG flat for fhaul cargoes, although paying tick more for Atlantic cargoes. USG to Far East were discussed still close to mid USD 20,000. Trip from USEC to Cont been fixed at low 20s. Tick more activity from the Pacific basin, trip from SE Asia to China paying USD 12,000. SE Asia-Indo rounds with coal have been concluded in the 13s range. Metcoke from China to India was fixed close to USD 10,000. Nickel ore rounds paying mid 10,000. Trips from SAF to India were facing low USD 12,000 +ballast bonus this week.


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Recent News

Tuesday, 04 September 18
SUPRAMAX: THE ASIAN SECTOR REMAINED ACTIVE WITH RATES STILL FIRM ESPECIALLY IN SE ASIA - BALTIC BRIEFING
Capesize A turnaround in fortunes for the big ships, with a few slower days in the market. A build-up of tonnage and a lack of Brazil cargoes r ...


Thursday, 30 August 18
SUPRAMAX: CIS COAL TO FAR EAST WENT AT MID TENS AND TO SE ASIA AT CA USD 8000 - FEARNLEYS
Capesize 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 ...


Wednesday, 29 August 18
MID-YEAR FY19 POWER OUTLOOK: IMPORTED COAL REQUIREMENT TO INCREASE DURING REMAINING FY19: IND-RA
India Ratings and Research (Ind-Ra) has maintained a stable-to-negative outlook on the Indian power sector for the remaining FY19, despite a rise i ...


Wednesday, 29 August 18
IMPACT ON CHARTERPARTIES - TIME TO ACT NOW : NORTH P&I CLUB
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Tuesday, 28 August 18
COURT CONCLUDES DELIVERY MADE IN ACCORDANCE WITH TERMS OF LOIS - INCE&CO
Glencore Agriculture BV v Navig8 Chemicals Pool Inc (Songa Winds) [2018] EWCA 1901 (Civ)    In this case, the Commercial Court fo ...


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