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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, 28 August 18
SUPRAMAX: A COAL TRIP VIA INDONESIA PAID $13,500 ON A 56,000DWT TO WC INDIA - BALTIC BRIEFING
Capesize The Singapore holiday mid-week disrupted trading and unsettled the market, with owners losing some resilience. The market took on a la ...


Tuesday, 28 August 18
SHIPPING MARKET UPDATE - GEORGE LAZARIDIS
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Friday, 24 August 18
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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 ...


Thursday, 23 August 18
SUPRAMAX: SOME FRESH COAL CARGOES APPEARED IN SE ASIA, GIVING A BIT PRESSURE ON RATES FOR END AUGUST SHIPMENTS - FEARNLEYS
Capesize Slightly softer but generally very healthy for the big ships, with limited supply of early tonnage and positive Brazilian ore export v ...


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