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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 while the regular T/A rv rates are up about USD 1200 w-o-w. In the Feast the market is stable and ships achieving healthy rates, according to the latest report from shipbroker Fearnleys.
The shipbroker said that, Singapore positions are trading in the region of USD 8500 for trips via Indonesia to China where trips to India are paying above USD 12k. NoPac rounds are becoming more active and Japan positions are fixing at around USD 11k. Sth African rounds are experiencing a pressure on the rates from ballasters and rounds are now fixing at around USD 9k + USD 175-200k GBB bss APS delivery. Period market is active for the shorter ones and Ultras are being fixed at around USD 12k whereas the smaller unites achieving around USD 11k.
Panamax
Fearnleys noted on panamax that, Atlantic trading has been fairly active, with reasonable volumes this week. Despite this, rates came down, simply caused by too many vessels´ competing for the same cargoes. Atlantic pending now between 4.5-5k USD/ day. A few fronthaul cargoes from Baltic to China concluded at good numbers due fixed vessels running late and needed to be replaced, Fearnleys noted.
US Gulf/ China fronthaul are now paying typically 14.5k + 450k bb and maybe tick more. While South America/Feast pays 13.5-13.75k + 350k bb. For the Far East market there remained steady volumes and owners are more reluctant and holding out for their rates so far. Pacific rounds fixed around 6.5/7k this week. Paper values came off so limited interest for longer period. Generally some mixed signals for the Panamax market this week, Fearnleys said.
Capesize
According to Fearnleys, despite the great expectations for the period we are presently in, ffa values as well as spot rates keep dropping. West Australia to China is presently being concluded in the very low USD 8s and Pacific round voyage on TC basis is presently below USD 15k/daily. For the third - forth week in a row, cargoes out of Brazil remains scarce and Tubarao/Qingdao freight is approaching the USD 20 pmt mark.
Consequently there is limited of period fixing, Fearnleys concluded.
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Sunday, 07 September 14
SHIPMANAGERS SUPERVISION CONTRACT FOR NEWBUILDS - BIMCO
Shipmanagers are frequently called upon by their owner clients to supervise newbuilding projects on their behalf. The scope of the manager’s ...
Saturday, 06 September 14
SLOW COAL EXPORT REGISTRATION RAISES CONCERNS - THE JAKARTA POST
Several coal mining companies have yet to receive the go-ahead from the Energy and Mineral Resources Ministry to obtain exporting licenses, leading ...
Saturday, 06 September 14
DRY BULK MARKET'S PROSPECTS ARE IMPROVING, DESPITE WEAK SECOND QUARTER - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market has been rebounding during the past month, with the Baltic Dry Index (BDI) ended the week on a high note, reaching 1,155 points ...
Saturday, 06 September 14
INDONESIA WANTS TO REGULATE COAL DEALS - THE TELEGRAPH INDIA
Indonesia has raised concerns about suspected coal deals struck between overseas buyers and its unregistered domestic miners, the telegraph India r ...
Friday, 05 September 14
U.S. PRODUCED 19.2 MMST OF COAL LAST WEEK
COALspot.com – United States the world's second largest coal producer, produced approximately 19.20 million short tons (mmst) of coal in ...
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- Semirara Mining and Power Corporation, Philippines
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- Wood Mackenzie - Singapore
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- Bukit Makmur.PT - Indonesia
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