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Thursday, 13 September 18
SUPRAMAX: INDO-INDIA COAL RUN WAS FIXED CLOSE TO $16000 ON ULTRA - FEARNLEYS
FearnleysCapesize
Rates took a further drop in the beginning of the week, to later find a floor around mid-week reaching mid USD 7 level for c5 and just excess of USD 20 level for c3 says Fearnleys in its latest weekly report. 
 
According to Fearnleys, Iron ore volumes out of Brazil are still surprisingly low for September, whilst there are hopes October volumes will be more in line with August, where freight rates exceeded USD25 pmt at the most. Some longer period fixtures have been concluded lately, a handful of 2 to 3 years fixtures in the low to mid USD 20,000 range.
 
Panamax
Commenting on Panamax, Fearnleys says, After a declining week for rates in both basins, the present one started on a positive note, despite few reported fixtures. This quiet market continued for a couple of days, although the ones reported showed signs of slightly increasing rates. At the end of the week, Fearnleys says, a mixed market with clearly hesitant charterers makes it difficult to predict any directions going forward. A transatlantic round voyage currently yields about USD13,000, while short front hauls from the Continent pays ship owners in the low 20k's. In the Pacific, transpacific RV's are fixed at around USD 11,500, where NoPac rounds have increased the most. The BPI index is currently up 46 points to 1550.
 
Supramax
Mixed feelings Fearnleys says for Supramax sector. 
 
More supply of cargoes from Cont, but rates did not pick up. Trip to Brazil were discussed at USD 8k. No improvement from Med, front hauls from Black Sea were still done at low 20s. USG kept flat pace, for TA one could eye low 20k and mid20s for front haul. Trips from ECSA to Cont were concluded at USD 14500 and grains run from further South to Far East were done at mid-teens + bb on Ultra. In the Pacific basin, Indo-India coal run was fixed close to USD 16k on Ultra. Indo-China runs were done at mid USD 12k in the beginning of the week, later same were fixed at low USD11k. Nickel ore rounds were done at mid USD 13k. On period front Tess 58s are still discussed at mid 12k for 1 year.


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Recent News

Wednesday, 12 September 18
SHIPPING MARKET INSIGHT - THEODORE NTALAKOS
A recovery in the shipping market since last year has buoyed optimism amongst the people in the industry. Yet if you are to ask most ship-owners if ...


Monday, 10 September 18
HANDYSIZE: PERIOD ACTIVITY REMAINED LIMITED WITH A 37,000DWT REPORTEDLY FIXED FOR FOUR TO SIX MONTHS AT $10,500, OPEN IN MALAYSIA IN MID-SEPTEMBER - BALTIC BRIEFING
Capesize Rates came under pressure for the big ships last week, despite paper values holding at reasonable levels as these trades continued to ...


Thursday, 06 September 18
INDONESIAN COAL PRICE REFERENCE FALLS FOR FIRST TIME IN 3 MONTHS
COALspot.com: The benchmark price of Indonesian thermal coal falls for first time in three months.    According to the latest min ...


Thursday, 06 September 18
SUPRAMAX: SE ASIA-INDO ROUNDS WITH COAL HAVE BEEN CONCLUDED IN THE $13000S RANGE - FEARNLEYS
Capesize 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 dai ...


Wednesday, 05 September 18
ASIAN DEMAND COULD CREATE DEFICIT IN GLOBAL LNG MARKET - FITCH RATINGS
Growing gas demand from Asia, particularly from China, could swing the liquefied natural gas (LNG) market into a deficit by 2022-2025, Fitch Rating ...


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