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Wednesday, 05 November 14
CAPESIZE SEGMENT ENJOYED FIRMING RATES ACROSS BOTH BASINS

Following a fantastic week in terms of rate performance for Capes, the Dry Bulk market managed to note another positive weekly closing, which strongly supported the creation of better sentiment across the market, Intermodal Research team said in their weekly report.

The BDI managed to move above 1,400 points, making everyone hope that the last quarter recovery, which everyone was longing for, has finally started, said Intermodal.

The Research team of Intermodal further noted that, the performance of the market this week, which has also kicked off in a positive tone, will be crucial, as even the stabilizing of rates at these levels will be more than most in the market have been hoping for and possibly the catalyst for rates for the smaller size segments to start enjoying some of the upside as well, as their stalling performance during recent weeks have caused further worries to emerge.

Intermodal Research further noted that, the Capesize segment enjoyed firming rates across both basins, with majors being particularly active in the Pacific. The W. Australia to China route fired up while the fronthaul ex Brazil was also very strong, allowing owners to grab to upper hand and achieve fresh upside. Despite some slowdown towards the end of the week expectations remain firm, while the period market appears to be stable for the time being. Rates for Panamaxes were also stronger especially in the Atlantic, while the Pacific continued supporting last done. Activity ex-ECSA continued supporting Panamax rates while the period market noted gains across the board.

According to Intermodal Research, Supras and Handies remained under pressure for yet another week, with enquiry in the Pacific remaining uninspiring, while the USG region is still weighed down by excessive tonnage in the Supra-Panamax range.



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Recent News

Sunday, 09 November 14
CAPE INDEX UP 3.06%; PANAMAX INDEX FELL 4.05%
COALspot.com: The BDI was almost at same levels compared to last week closing or just increased 0.77 pct from last week. The BDI was closed at 1437 ...


Friday, 07 November 14
U.S. PRODUCED 85.60 MILLION SHORT TONS OF COAL IN OCTOBER, UP 2.88% M-O-M
COALspot.com – United States the world's one of the largest coal producers, produced approximately 19.0 million short tons (mmst) of coal ...


Thursday, 06 November 14
THE ATLANTIC HAS REMAINED STRONG WITH A HEALTHY SUPPLY OF NEW CARGOES
Handy This week has continued its slow trend in both hemispheres and even though rates are a bit up w-o-w it is not a clear sign for any improvem ...


Wednesday, 05 November 14
SHIPPING MARKET INSIGHT - PANOS TSILINGIRIS
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Tuesday, 04 November 14
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COALspot.com: Indonesian coal swaps for delivery Q4' 2014 lost month on month and gained day on day and week on week, the trend was same as las ...


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