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Wednesday, 06 August 14
CAPES: BUSINESS INTEREST REMAINS SOFT; CURRENTLY NO SIGNS OF IMPROVEMENT - INTERMODAL

COALspot.com: Despite the considerable pressure witnessed in the freight market for most of the size segments, the Dry Bulk Index was able to note another slight week-on-week improvement, although this has hardly lifted anyone’s spirit in the market, said Intermodal in its weekly market report.

According to Intermodal broker, the harsh reality is that we are still fairing at year lows and although talks of a slight sentiment improvement are becoming more intense, we don’t expect to witness any major positive reversal during August, a month which is traditionally slow for the dry bulkers.

Capes
on Capes, Intermodal said, rates for Capes faced additional pressure this past week, as limited inflow of cargoes continues to add to the negative sentiment of the past months. There are currently no signs of improvement in the segment, as business interest remains soft, while the period market has experienced additional pressure, with ideas softening across the board.

Panamaxes
Panamaxes closed off the week on a positive note yet again, albeit the rate increases noted were positional and rather marginal, Intermodal broker said. The Atlantic Panamax kicked off the week with stronger offers but towards Friday business slowed down, with rates easing from last dones, while business ex-USG remained under pressure with charterers holding firmly the upper hand.

Supramaxes
Supras also benefited from the more active Atlantic basin, however it was the improving Pacific that allowed higher gains to be made in this size segment, while at the same time things look to have gained momentum and we expect to see some further increases during the next couple of days, Intermodal concluded about Supras.

Handy Size
Handies remained on par with their levels a week prior, intermodal noted. There was some improvement here as well in the influx of Atlantic inquiries, yet more business is needed for a substantial reversal to materialize.

Market Trend (W-o-W)  - Intermodal version
Chartering - Wet: Softer - / Dry: Stable +
Sale & Purchase - Wet: Stable - / Dry: Softer -
New building  - Wet: Stable - / Dry: Softer -
Demolition  Wet: Stable - / Dry: Stable -



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Recent News

Sunday, 03 August 14
LACK OF COAL SHIPMENTS FROM FAR EAST/SE ASIA, THE PRESSURE ON CHARTER RATES CONTINUED THIS WEEK
COALspot.com: This week, the freight rates were almost flat as charter rates were also almost steady from last week. The BDI was up by 2.59 pc ...


Friday, 01 August 14
UNCERTAINTY IN ASIAN COAL MARKETS WHERE INDEX-LINKED PRICING DOMINATES - SGX
COALspot.com: In the past 3 years, seaborne thermal coal markets have been in a state of constant oversupply. Reuters expects this oversupply ...


Friday, 01 August 14
U.S PRODUCED 19.4 MMST OF COAL IN A WEEK, SAYS EIA
COALspot.com – United States the world's second largest coal producer, produced approximately 19.40 million short tons (mmst) of coal in ...


Thursday, 31 July 14
CAPESIZE: CARGO VOLUMES, COAL IN PARTICULAR, PRESENTLY NOT SUFFICIENT TO EMPLOY A GROWING FLEET - FERNLEYS
Handy Both the Atlantic and Pacific has improved in the supramax segment over the last week, said Fernleys in Its latest weekly report . There we ...


Thursday, 31 July 14
RIO TINTO SELLS MOZAMBIQUE COAL ASSETS FOR US$ 50 MILLION TO INDIA'S ICVL
COALspot.com: Rio Tinto has agreed to sell its Mozambique coal assets for just US$ 50 million to International coal ventures Private limited of Ind ...


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