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Thursday, 30 January 20
CAPE: WITH CHINESE NEW YEAR TAKING PLACE, THE RATES ARE REACHING FURTHER DISAPPOINTING LEVELS - FEARNLEYS
FearnleysCape
With Chinese New Year taking place, the rates are reaching further disappointing levels. Present TC average is below USD 4,500, off 24% from one week ago said Fearnleys in its latest weekly report. West Australia to China round is presently low 6 pmt and c3 route rumored fixed at USD 15 pmt (sub index). Some positive news emerged this week, with at least 12 confirmed VLOCs being sold for demolition.
 
Panamax
Commenting on Panamax sector, Fearnleys  says, the market continuing its negative sentiment in both hemispheres. For a transatlantic trip, Kamsarmaxes (82,500 DWT) now earn around the low USD 4,000's, while short fronthauls from the UK/Continent-region are priced at around USD 13,000. From ECSA charters are paying around USD 13,000 + 300,000 gross ballast bonus for a trip to China, or around USD 7,000 DOP Singapore. 
 
Fearnleys  further noted, a transpacific round voyage in the East pay ship owners around USD 4,000 in the current market, and the Baltic 4TC-Index is down 133 points since last week, now at just 627 points.
 
Supramax
Not surprisingly, the market is completely lacking excitement and activity due to the Chinese Spring Festival. 
 
According to Fearnleys, expecting the conditions to remain the same into next week at least. ECSA TA to Med paying around USD 10,000 and USG FH fix around USD 20,000. From the Med ships looking at mid USD 8,000 for TCT to West Africa and around USD 4,000 BH to the Gulf. 
 
In the East, Fearnleys said, very limited activity and all fixed at low levels bss aps. CIS rv, paying around USD 3,000 aps and Indo rv paying aps in the USD 4-5k. Some period fixtures reported from the Indian Ocean where Ultras was fetching low/mid USD 11,000 for 4-6 months.


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Recent News

Saturday, 18 January 20
GERMAN STEAM COAL IMPORTS IN 2019 PLUMMETED BY 17 % - COAL IMPORTERS ASSOCIATION
Press Release: According to preliminary calculations by the German Coal Importers Association (Verein der Kohlenimporteure e. V.), world trade in h ...


Saturday, 18 January 20
A 61,400 DWT FIXED FROM SOUTH EAST ASIA DELIVERY EAST KALIMANTAN REDELIVERY WEST COAST INDIA IN THE LOW $7,000S - BALTIC BRIEFING
Capesize The market was relatively stable over this past week putting an end to the past months of more extreme declines. While the Capesize 5T ...


Friday, 17 January 20
EIA ESTIMATES THAT U.S. COAL PRODUCTION DECLINED BY 65 MMST (9%) TO 690 MMST IN 2019. IN 2020, COAL PRODUCTION WILL DECLINE BY A FURTHER 14% TO 597 MMST
U.S. Coal Supply.  EIA estimates that U.S. coal production declined by 65 million short tons (MMst) (9%) to 690 MMst in 2019. In 2020, EIA ...


Friday, 17 January 20
CHINA'S BENCHMARK POWER COAL PRICE EDGES UP - XINHUA
China’s benchmark power coal price rose slightly during the past week.   The Bohai-Rim Steam-Coal Price Index, a gauge of coal p ...


Thursday, 16 January 20
SUPRAMAX: INDO/CHINA ROUND VOYAGE FIXING AROUND LOW/MID USD 6,000 BSS APS INDO - FEARNLEYS
Capesize Still very rough seas for the big ships, with the majority of the fleet trading Far East or fronthaul and consequently earning far les ...


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