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Wednesday, 11 December 19
PANAMAX: THE MARKET REMAINED FIRM IN THE PACIFIC, WITH INCREASED ACTIVITY NOTED IN KEY AREAS, SUCH AS INDONESIA - ALLIED
AlliedCapesize – Positive momentum was resumed this past week, with earnings mak-ing some gains once again. This rising pattern was reflected in the BCI, which posted a w-o-w increase of 4.5%. The Pacific was the key driver in this growth trend, as demand for iron ore from Asia posted a significant rise. At the same time, the net effect from Atlantic trading was neutral, as the initial steam lent by in-creased interest from charterers gradually vaporized as the week came to an end.
 
Panamax – A bullish week, as ample fresh interest was witnessed in the market, with the BPI rising by approximately 10% on a weekly basis. In the Atlantic basin, a gear up took place with increased demand from S. America helping several units find cover. Additionally, the market remained firm in the Pacific, with increased activity noted in key areas, such as Indonesia.
 
Supramax – Rates continued moving on a rising track this past week, with most of the routes posting gains that were reflected on the 2.3% weekly rise of the BSI. The fairly increased activity has reduced position lists in key regions, pushing freight rates higher and improving further the overall market sentiment.
 
Handysize – Earnings moved sideways here last week, with the BHSI remaining almost steady at 507bp. Lack of information once again dominated the market, fact that made it difficult for the market to find any clear direction. However, gen-erally limited fresh interest was noted in the Atlantic, at the same time that an uptick was seen in demand from Asia.


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Monday, 16 December 19
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Thursday, 12 December 19
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Tuesday, 10 December 19
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Monday, 09 December 19
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Saturday, 07 December 19
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