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Thursday, 11 April 13
HANDY: INDO - INDIA NOW BEEN REPORTED AT APS BASIS AT USD 10K+BB 85K - FEARNLEYS


Handy
The Atlantic markets remain with not many cargoes seen this week. The USG-Feast was at USD 18k and Black Sea-Feast was at USD 12k. The Pacific market is quiet with not many cargoes. Indo-India now been reported at APS basis at USD 10k+BB 85k. WCI-China was bit busy with cargoes like salt, grains, iron ore and rates were around USD 10k, whereas ECI/China was quiet and rates were 6k respectively. RBCT rounds fixed at USD 9k+300k BB. Short period rate for large eco Supra was around USD 9000.

Panamax
Reasonable levels and a fairly balanced market as the main headline in both hemispheres mid-week. Some positive signs in the Atlantic basin although on thin volumes and limited fresh business. T/A rounds in the mid 8 to mid 9k range. Fronthaul predominantly based on ECSA activity around 16 k with equiv BB for ballasters, with a growing fleet in waiting mode. Vale have also been active lately but ballasters from Feast covering most of the cargoes, so limited impact on Atlantic. Feast flooded with tonnage and new buildings combined with limited new biz causing a descending trend still healthy 9-10k done both for NOPAC and SE Asian rounds. We also expect market to slide downwards. Low activity in the period market as a majority of takers is more bearish.

Capesize
Levels remain at close to all-time low, although cosmetic spot improvement is presently seen. Probably driven more by optimism than the actual marginal increase in physical demand for prompt tonnage to carry iron ore from Waust and Brazil, daily average TC-returns are up 5% w-o-w to USD 4500 - still some USD 3k short of covering daily operating costs. Transatlantic coal trades are back to normal/catching up backlog after Colombian strikes, but the influence of same appears not sufficient to have any significant effect on market balance in this basin. FFA values remain the decisive factor for any period consideration, which means standard 170k-tonners can expect max USD 9k basis 6-9 months period. 180k dwt/built 2012 has just been concluded for 12 months period at USD 10500 basis mid April delivery in S.Korea.
Source: Fearnleys AS



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Recent News

Friday, 19 April 13
FIRST QUARTER OF 2013 PROVEN A POSITIVE SURPRISE FOR DRY BULK MARKET - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Despite ominous predictions regarding the negative performance of the dry bulk market during the – traditionally weak anyway – first qua ...


Thursday, 18 April 13
HANDY: STABLE ; PANAMAX: BUSY WEEK - FEARNRESEARCH
Handy The Atlantic markets remain stable in this week. The USG-Feast was at USD 19k and Black Sea-Feast was at USD 12k. The Pacific market is bit f ...


Thursday, 18 April 13
FEATURE: PREDICTING THE FUTURE - AND THE PAST - BIMCO
It’s not predicting the future that is problematical, it’s the realisation that you have to relive the past again and again when you fai ...


Wednesday, 17 April 13
INDONESIA SHIPPED 80 MILLION TONS OF COAL IN FIRST QUARTER - COAL DIRECTOR
COALspot.com - Indonesia has exported around 80 million tons of coal including power plant coal in first three months of this year. Speaking on t ...


Tuesday, 16 April 13
AUSTRALIAN NEWCASTLE PORT'S COAL EXPORTS JUMPED 20.87 PER CENT ON WEEK TO 3.07 MMT
COALspot.com - Newcastle port in Australia has loaded 3,077,431 tons of thermal and coking coal for week ended  0700 hours 15 April 2013, Newca ...


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