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Thursday, 16 January 20
SUPRAMAX: INDO/CHINA ROUND VOYAGE FIXING AROUND LOW/MID USD 6,000 BSS APS INDO - FEARNLEYS
Fearnleys logoCapesize
Still very rough seas for the big ships, with the majority of the fleet trading Far East or fronthaul and consequently earning far less than the mathematical average - same being stable w-o-w at USD 9000/day, said Fearnleys in its latest weekly report. Vintage, non-eco, non-scrubber units suffering by far the most. With historically high bunker prices, scrubber-fitted ships presently earn an extra USD 8-10k/day in comparison. 
 
The report further noted that, Far East iron ore and coal volumes are fair but not sufficient to change a nervous spot sentiment. Atlantic and fronthaul minerals outlook is better, but still remains to be seen if live up to expectations next few weeks. Healthy period interest, but actual activity limited and much focused on index-linked levels view poor spot and forward values-representative fixtures including spot 180,000 dwt, built 2010, for about 12 months at ave5tc plus 10 pct.
 
Panamax
Commenting on Panamax sector, Fearnleys says, this week started in the red with limited activity, but picked up during the next days as usual. Positive sentiment, especially from ECSA, has turned the index green again with new cargoes entering the market mid-week. A TA round voyage pays owners around the mid USD 7,000 per day. A fronthaul from the Continent yields around the low USD 15,000's. In the Pacific basin, a round voyage pays owners around USD 4,500 per day, while a kmx fetches around 10,000 DOP Singapore for a grain run via ECSA. The BPI 4TC-index is currently at 825 points, 22 up since last week.
 
Supramax
The market flattening out and some more resistance from owners in the East, although still at low levels says Fearnleys on Supramax. 
 
Indo/China round voyage fixing around low/mid USD 6,000 bss aps Indo, while Cis round voyage to China talking around USD 4,500 aps. 
 
Nopac round voyage fixing around USD 7500 + 250k gbb aps nopac, while Aussie round voyage  talking around low 6k dop China delivery. In the Atlantic, ECSA fronthaul are paying around 13,000+300k gbb, while to TA to Med around USD 12,000. From Med to Wafr it is paying around USD 7,500, while fronthaul ex Continent is paying around USD 20,000. There has been some period activity where Ultras covered short period around USD 9,500 in the Far East, while for longer periods close to 1 year, split rates are discussed roughly around 5,000 first 30 days and in the 8k's for the balance.


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