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Sunday, 07 October 18
SUPRAMAX: INDO-INDIA USUAL COAL RUNS WERE COVERED AT US$ 12K - FEARNLEYS
FeanleysCapesize
Average daily earnings up close to 15 pct in 5 trading days, thus patience finally paying off for owners of the big ships - Chinese players on holidays excepted.

According to Fearnleys weekly shipping report related on last Thursday, decent volumes on the Brazil/China route stabilizing and slightly improving levels paid for the100-day rounds sailing China. Substantially increased demand for early ships on the waust/China route lifting numeric levels by a notable 28 pct, with resultant daily earnings up a massive 60 pct w-o-w to come in at USD 20k. Coal demand appears healthy. Focus nevertheless still on iron ore, for which trade forecasts is the main driver behind a generally positive Q4 view. Period activity limited, as FFA levels and bid sso far not matching expectation for 2019.

Panamax
Fearnleys said, fewer reported trades for Panamaxe this week, partly due to the week-long Chinese holiday which reduced activity. Rates have been mixed but rather flat and showed no clear direction from the week before. A transatlantic round voyage currently yields low USD 14.00's,while a short front haul from the Continent still pay ship owners around USD 21,500. In the Pacific region a round trip yields around USD 13k, and the BPI index is up just 2points from last week, now at 1679.

Supramax
Slow week due to holidays in the east, routes in the Atlantic remained in the positive area although the Asian routes lacked momentum as predicted said Fearnleys research team. Grains from ECSA to Far East were fixed on ultra from high US$ 15k to 16k + ballast bonus whilst trip to  Med were concluded at low US$ 20k on supramax. USG fhauls to Far East were still done at US$ 25-26k levels, and trips to E MED on ultramax at ca US$ 23k. Little reported from Pacific. Coal runs from Richards Bay to WCI were fixed at usd13.5 + bb, vessels from AG at mid US$ 16s for same direction. Fearnleys  further said, Pacific rounds were done close to US$ 13k on ultra and Indo-India usual coal runs were covered at US$ 12k.


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Recent News

Tuesday, 02 October 18
PANAMAX: A FURTHER RISE ACROSS ALL MAIN ROUTES THIS WEEK - ALLIED
Capesize Finally an upward recovery was in sight in the spot market the past few days, after the prolonged negative pressure noted the weeks pr ...


Tuesday, 02 October 18
THE PRICE OF OIL CONTINUES ITS CLIMB AMIDST A SERIES OF CONCERNS REGARDING SUPPLY CONSTRAINTS - GEORGE LAZARIDIS
It has been a busy week for oil traders as the price of oil continues its climb amidst a series of concerns regarding supply constraints.  ...


Tuesday, 02 October 18
INDONESIA GETS READY TO MEET INCREASED COAL DEMAND FROM CHINA, FREIGHT TO RESPOND - MIKAL BOE
Indonesian coal suppliers have increased their domestic coal production target by 4.5 percent from a previous 485 million tonnes to a massive 507 m ...


Monday, 01 October 18
SUPRAMAX: A 56,000 DWT FIXED DELIVERY FOR A SURABAYA TRIP WITH REDELIVERY TO WEST COAST INDIA AT $13,500 - THE BALTIC BRIEFING
Capesize A stop-start market for the big ships with many expectations and few fulfilled. Holidays curtailed trading early in the week, but the ...


Monday, 01 October 18
A NO-DEAL BREXIT WILL UNDOUBTEDLY HAVE CONSEQUENCES FOR IMPORTERS AND EXPORTERS - KATE JONES, THE BALTIC BRIEFING
If you live in the UK, you might be finding it difficult to get away from the Brexit debate. “Hard Brexit”, “soft Brexit”, ...


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