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Wednesday, 18 March 20
DRY BULK: INDONESIAN COAL CARGOES PROVIDING A BIG BOOST IN THE EAST WHERE SENTIMENT FOR HANDIES ALSO STARTED IMPROVING - INTERMODAL
PanamaxThe BDI ended last week with small gains on the back of an encouraging number of cargoes out of key trading regions that helped sustain the reservedly optimistic sentiment of the past few weeks. Despite the fact that Panamax was the only size that witnessed losses in terms of its average earnings, it is the performance of the Capesize market that still causes the biggest concern given the substantial weight average earnings for the size have on the BDI and the fact that these remained exceptionally low for yet another week.  At the same time, demand for the smaller sizes remains particularly healthy, with steady improvements seen week over week, while as the virus outbreak is proving to be a black swan event across all global markets, the performance of earnings even in the short term remains hard to predict, Intermodal says in its latest weekly report.
 
The report further noted that, despite the uptick in average earnings last week, the Capesize market remains very much caught in the vicious cycle that kicked off with the Coronavirus pandemic. W.Australia to China was negative, while Brazil to China suffered even bigger discounts as the week came to an end.  
 
Following positive performance during the prior weeks, the Panamax market succumbed to overall negative sentiment during the past days. Despite the fact that ECSA remained fairly busy during the bigger part of the week, the increasing number of ballasters kept passing more control over to charterers, while period enquiry remained particularly thin. 
 
Intermodal says, supramax rates remained positional in the Atlantic with Indonesian coal cargoes providing at the same time a big boost in the East where sentiment for Handies also started improving, while both sizes saw improved demand on the period front with focus remaining on shorter term periods.


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Recent News

Tuesday, 17 March 20
IT IS NOW UNQUESTIONABLE THAT 2020 WILL BE A MILESTONE YEAR FOR THE OIL MARKET, AS WELL AS THE WHOLE GLOBAL ECONOMY - ALLIED
It is now unquestionable that 2020 will be a milestone year for the oil market, as well as the whole global economy. The impact from the COVID-19 o ...


Tuesday, 17 March 20
PRELIMINARY FIELD EXPERIENCES ON THE EFFECTS OF LSFO AND VLSFO ON CYLINDER CONDITION - HANS JENSEN LUBRICATORS
It is now more than two months since the 0.5% sulphur cap entered into force, which have affected the operation of more than 70,000 vessels. As ant ...


Monday, 16 March 20
ULTRAMAX: S8 INDONESIA-INDIA AND S10 INDONESIA-CHINA ROUTES BOTH POSTED GAINS OF $1,412, AND $1,289 ON THE WEEK, TO CLOSE AT $5,575, AND $6,089 RESPECTIVELY - BALTIC BRIEFING
Capesize The Capesize market came to work on Monday, with little expectation, or confidence, that the days ahead were going to bring anything o ...


Sunday, 15 March 20
CAPTIVE COAL OUTPUT RISES 19% IN APRIL-FEBRUARY - FINANCIAL EXPRESS
Coal production from captive mines in the first eleven months of the ongoing fiscal have increased by 18.8% year-on-year (y-o-y) to 51.7 million to ...


Friday, 13 March 20
PANAMAX: SLIGHTLY STRONGER NUMBERS IN BOTH BASINS THIS WEEK - FEARNLEYS
Cape Still very sad times for the big ships, and merit in further trading at present levels is highly debatable for most tonnage. Spot fixtures ...


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