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Tuesday, 02 October 18
PANAMAX: A FURTHER RISE ACROSS ALL MAIN ROUTES THIS WEEK - ALLIED
AlliedCapesize
Finally an upward recovery was in sight in the spot market the past few days, after the prolonged negative pressure noted the weeks prior says Allied research team in it latest report. Given that we are entering the final quarter of the year, most market participants remain firm and expect higher rates to follow in the weeks to come, despite the fact that overall activity seems curbed for the time being. With Atlantic RV taking the lead, witnessing a rise in the region of 50%, it is yet to be seen if the other main routes will move in line, boosting the overall segment further.
 
Panamax
According to Allied shipping latest shipping report, a further rise across all main routes this week, with the BPI climbing to 1,695 basis points. With a balanced activity noted in both the Atlantic and Pacific basins, the market seems to be on a stable upward trajectory at this point. The disruptions from the holidays in the East are fading away now, while it will be of main interest how the period charter activity will move over the coming weeks.
 
Supramax
Commenting on Supramax, Allied research team says, things also moved on the positive side this past week, influenced by the bullish attitude of the bigger size segments. With a rising demand coming from key regions (US Gulf, Mediterranean), the market witnessed further gains, remaining firm for the time being. At the same time the Pacific seemed to be slowly showing new signs of life, possibly helping boost things further.
 
Handysize
For yet another consecutive week, the market moved on an upward trending trajectory. Though most routes felt only a minor increase and things moved sideways in the Pacific, strong gains in the US Gulf and ECSA help drive things forward and allowed for a fair amount of positive support to be seen. 


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