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Friday, 30 November 18
SUPRAMAX: N. CHINA TO INDIA OR SE ASIA SUPRAS ARE GETTING PAID AROUND US$ 6000 - FEARNLEYS
FearnleysCapesize
Sharp rise in spot activity and income, admittedly from very low levels, for the big ships. West Australia/China and Brazil/Far East being the main drivers, with most mining companies busy picking early units at steadily improving numbers last 4 trading days says Fearnleys in its latest weekly report. 
 
The Oslo based broker Fearnleys further noted that, stabilizing and slightly recoiling at time of writing, but outlook for December remains positive/consensus appears to be that worst part of q4 passed. Daily average earnings for modern 180000-tonners up more 90 pct w-o-w to come in at $16500,whilst pay for the crucial tonne/mile china-brazil-china route up 80 pct to $16k. Substantial interest and a number of fixtures conclusions for period on modern units, but limited to index-linked/floating structures.
 
Panamax 
Commenting on Panamax, Fearnleys  says, this week has shown increased rates in both hemispheres, as the demand for tonnage has risen and the Cape size market has been improving rapidly. Rates from ECSA have also risen slightly along with the market. In the Atlantic, a transatlantic round voyage yields around low USD 13,000's, while short front hauls from the Continent pay ship owners around USD 20,000. In the East, a transpacific round yields around high USD 8,000's.
 
Supramax
In the pacific the week started slowly with still weak rates across the area. From N. China to India or SE Asia supras are getting paid around USD 6000, similar rates are seen for Indo/China rv with delivery S. China. Indian Ocean still the healthiest area, where owners obtaining around USD 12250 + 225k gbb for Safr back to PG/WCI area.


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Friday, 14 December 18
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