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Wednesday, 08 October 14
CAPES RATE FOR THE W. AUSTRALIA TO CHINA VOYAGE MOVED TO BELOW $8/MT - INTERMODAL

The Dry Bulk market remained under pressure last week, with rates for Capes remaining on the red while those for Panamaxes managed to outperform the rest of the market, which overall displayed a mixed picture, broker intermodal said in its latest report. Whether this past week marked the slowdown of the negative trend or whether this was just a slowdown before another round of losses might be too early to say.

According to broker, from the looks of it though, we can surely say that sentiment still appears very fragile, with notably soft activity and fresh rate losses being noted across all segments in the beginning of this current week as well.

The broker further said, rates for Capes continued softening throughout last week, on the back of uninspiring activity persisting across both basins, while further losses were noted in the period market as well, bring the 6 months T/C closer to the $15,000/day level. The rate for the W. Australia to China voyage moved to below $8/mt, while previous talks of higher figures on more forward October dates never materialized, while activity ex-Brazil also remained uninspiring.

According to Intermodal, rates for Panamaxes noted the only substantial increases last week, pushing the average TC for the segment to back above $7,000/day, while the period market also witnessed improvements from the last dones.

Activity in the USG was particularly supportive for Panamax tonnage, while things in the Pacific remained overall quiet.

Rates for Supras and Handies moved slightly down and slightly up respectively, while the absence of the Chinese from the market was only felt positionally by both segments, concluded Intermodal.



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Recent News

Thursday, 16 October 14
PANAMAX OWNERS RECEIVE A PREMIUM FOR GOING TO INDIA VIA INDONESIA - FEARNLEYS AS
Handy The Handy/Supra market continues to slide in both hemispheres, said Fearnleys AS in its latest week report. In the Atlantic we see rates co ...


Thursday, 16 October 14
ARE WE GOING TO SHOOT OURSELVES IN THE FOOT ONCE AGAIN? - PANOS MAKRINOS
As the East part of our globe was coming back from its October holidays last week, everyone expected that the Dry Bulk market would follow suit and ...


Wednesday, 15 October 14
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Wednesday, 15 October 14
INDONESIAN COAL PRICE REFERENCE FELL TO FRESH MULTI-YEAR LOWS IN OCTOBER
COALspot.com - The Ministry of Energy & Mineral Resources of Indonesia revised down the coal bench mark price once again in October 2014. ...


Wednesday, 15 October 14
DRY BULK SHIPPING: RATE IMPROVEMENTS ARRIVED AS FORECAST, BUT UNCERTAINTY MOUNTS FOR 2015 DEMAND - BIMCO
BIMCO released its latest short term assessment of the dry bulk market, estimating that over the October-November period, the level of Capesize TC ...


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