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Thursday, 24 September 20
SUPRAMAX: INDO TO INDIA FIXING AROUND US$13,000 - FEARNLEYS
FearnleysCape
Over the last week the iron ore segment from Brazil to China has picked up, and we see freight rates up USD 2 (12%) week on week Fearnleys said in its latest Weekly Report. On top of this, all the Australian miners have been fairly active pushing the West Australia to China route up 17%. In general, the mood is positive and taking into account we are head into a seasonal strong period, it’s expected that the market will continue the upwards trend, Fearnleys Weekly Report said.
 
Panamax
This week the Panamax market has experienced a slight uptick in rates in both hemispheres Fearnleys commented on Panamax. There are however signs of slight weakening in the Pacific market the last couple of days Fearnleys commented on Panamax. TA’s are currently yielding in the 10000 -11000 region, while Pacific rounds are being fixed at 12000. We do see more demand for minerals in the North Atlantic and a quite tight tonnage list for now. This can turn quickly when available tonnage will re-appear.
 
Supramax
For Supramax sector, Fearnleys said that, strong sentiment from the Pacific where rates pushing upwards, while sideways feeling in the Atlantic, with some pressure building up in certain areas, leading to increased expectations into the coming month. 
 
In the Far East, Aussie RV's paying around USD 11,000, while Indo/India fixing around USD 13,000. In the Atlantic, bad weather led to congestion and pressure on rates especially in the handy segment, but also limited tonnage of Supra at North Continent. FH paying in the low USD 20's ex. Continent and Black Sea, while backhaul to USG around USD 13,000 ex. Continent.


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Friday, 02 October 20
THE INDONESIA COAL PRICE REFERENCE RISE AFTER HISTORIC CRASH TO US$ 49.42
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