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Thursday, 14 March 19
SUPRAMAX: INDO COAL CARGOES GETTING FIXED AT AROUND US$ 12000 TO CHINA - FEARNLEYS
FearnleysCapesize
Average daily earning still well below operating costs, and owners keep bleeding - but nevertheless finally some bright spots for the big ships, and most players seem to believe the worst for 2019 is now past said Fearnleys in its latest weekly report. 
 
Fearnleys research team further said, healthy iron ore and coal volumes from Australia absorb a number of early far-east units, and west Australia/china rates have improved by some 18 pct to come in at US$ 5.50 pmt w-o-w. 
 
In Atlantic, Fearnleys says, the tendency is for front haul ore being loaded further north to compensate for ongoing Brazilian export problems, however freight levels paid remain weak. Little period concluded for the modern large units at fixed rates as gap between available levels and forward expectation remain too wide, but for the smaller vintage ships the most recent is 171000 dwt built 2005 open India prompt done for 20-23 months at US$ 9750.
 
Panamax
Commenting on Panamax Fearnleys says, there has been limited activity this week, partly due to a Greek holiday and a lack of fresh orders along with a slimming tonnage list. Rates have been going down in both basins, but signs are showing that the grain levels will are looking positive for April dates from ECSA. Transatlantic round voyage currently yields about US$ 4,500 per day, while a short front haul from the continent yields around low US$ 12,000. In the east, a Pacific round voyage pays around the US$ 8,000's. The BPI 4T C-index is down 99 points for the week, currently at 839 points. 
 
Supramax
A more negative segment this week in Pacific, although seeing still Indo coal cargoes getting fixed at around US$ 12000 to China says Fearnleys.  Indian Ocean has improved with vessels fixing US$ 12250+225k gbb Rbay to Feast and from WCI to China paying around US$ 11000. In the Atlantic still relatively weak levels seen from continent with scrap cargo to Emed fixing around US$ 7750. ECSA seen stronger levels with US$ 13000 + 300k gob done for front haul and US$ 15000 to Med.


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Recent News

Sunday, 28 April 19
SUPRAMAX: A 54,000DWT VESSEL OPEN GRESIK FIXED VIA AUSTRALIA, REDELIVERY CHINA, IN THE MID $12,000S - BALTIC BRIEFING
Capesize Following the holidays, activity increased in both the Pacific and Atlantic Basins. The 5TC average rallied, closing at $8,596, up $1, ...


Wednesday, 24 April 19
PANAMAX: IN THE EAST, THE MARKET MOVED SIDE-WAYS, WITH FEWER COAL CARGOES FROM INDONESIA PUTTING PRESSURE ON RATES - INTERMODAL
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