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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

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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