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Wednesday, 17 September 14
PANAMAX: LIMITED INTEREST IN BOTH BASINS; RISING TONNAGE - INTERMODAL

With the week starting off at a fast pace and with the positive momentum from the previous Friday seemingly sticking around for a bit longer, most of the Dry Bulk sector was able to see a good rise in freight earnings, said Intermodal in its latest weekly report.

Broker further said, this all changed towards the end of the week were we had slowing volumes of fresh interest and increasing numbers of open vessels in most regions.

On capes, the broker said, capes managed to rise considerably gaining as much as USD 1,461/day in a matter of three days. Both the Atlantic and Pacific were seeing significant interest and were dealing with much better position lists then those of a week prior. Things were not very bright however, come Friday and it looks as those some of the previous steam has now been lost.

Broker also commented on panamax sector. According to broker, panamaxes were also on the positive gain early on, however things turned south fairly quickly here, ending on a week-on-week loss and leaving a bitter taste as the index fell once again to below 900 points. There is now limited interest to be seen in both basins, while battling the rising tonnage lists means that owners might find themselves at a disadvantage for the time being.

According to Intermodal, Supras and Handies were looking to benefit more long-term, managing to keep their winning streak during the whole week and looking to follow this momentum over the next couple of days as well. However things are still a bit shaky as some of the major routes seemed to be plagued with an excess tonnage compared to demand.

Handies seem to be more marginal possibly finding themselves closing off the coming week fairly on par with where they stood on Friday, Intermodal concluded on Handies.



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Recent News

Friday, 19 September 14
PRICES FOR DRY BULK CARRIERS HAVEN'T CORRECTED ENOUGH, DESPITE LOWER THAN EXPECTED FREIGHT RATES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
A lot has been said and written about the looming dry bulk market recovery over the past few months. However, even if this hasn’t been materi ...


Thursday, 18 September 14
INDONESIA'S JULY COAL EXPORT VOLUME DROPPED 5.13% M-O-M
COALspot.com:  Indonesia, one of the world's largest coal producer and the global leading multi grade coal exporter shipped around $1.65* ...


Thursday, 18 September 14
PANAMAX : US GULF/CHINA FRONTHAUL ARE NOW PAYING TYPICALLY 14.5K + 450K BB - FEARNRESEARCH
Handy We still see a firming tendency in the Atlantic and it is still ECSA and USG leading on. USG/Cont now up in about USD 17/18k for a Smax whi ...


Thursday, 18 September 14
ELECTRONIC BILLS OF LADING: A GUIDE TO PAPERLESS TRADING WHICH HAS TAKEN THE SHIPPING INDUSTRY BY STORM
Bimco has recently developed and published a charter party clause that specifically addresses the use of electronic bills of lading. Increasing use ...


Wednesday, 17 September 14
SHIPPING MARKET INSIGHT - GEORGE LAZARIDIS
Since the onslaught of 2013 the rising tide of asset prices had been primarily driven by the increasing freight market conditions and the improving ...


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