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Thursday, 21 May 15
ATLANTIC PANAMAX MARKET STARTED TO IMPROVE SLOWLY - INTERMODAL
IntermodalCOALspot.com: The Dry Bulk market closed off the week on the green last week, purely on the back of improved Capesize performance, while the rest of the segments moved sideways, denying the sector even the slightest change in sentiment, said Intermodal in its latest weekly report.

According to Greece based broker, despite the jump in Cape rates, the market remains under pressure with average T/C rates for all sizes segments faring below $7,000/day and barely covering OPEX in the best of cases. At the same time it is very worrying to note that even amidst what are considered “hot” seasons for regions in the likes of ECSA, the market has been unable to advance, with further fears emerging if one tries to assess what is due to happen once things slow down further.

Intermodal noted that, rates for Capes were for a second week in a row the only substantial positive exception in an otherwise uninspiring market, with activity in both basins reviving significantly and reports signaling the return of majors in the Pacific. Sentiment nonetheless has not improved much from the week prior and given the lows rates have been hovering around, current levels can hardly allow for big hopes to built up. The following days are set to offer a better idea as to how meaningful this recent upside could be. 
According to broker, the Atlantic Panamax market started to improve slowly following holidays in a number of European countries, while the Pacific Panamax was still moving sideways as the market slid into the weekend.

Rates for the geared sizes slightly improved in the Pacific following a fairly quiet first half of the month in the region, while improved rates were also being achieved out of Continent with Atlantic business remaining overall stable.


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Recent News

Sunday, 21 June 15
SPOT RATE AVERAGES FOR FREIGHT FROM INDONESIA TO INDIA REMAIN STRONG THIS WEEK
COALspot.com: The freight market was quite firm this week compared to last week. The BDI was up 21% week on week and closed at 779 points. The cape ...


Friday, 19 June 15
U.S. WEEKLY COAL PRODUCTION UP SLIGHTLY COMPARED TO LAST WEEK; CONTINUES TO BE DOWN FROM LAST YEAR
COALspot.com – United States the second largest coal producer in the world has produced approximately totaled an estimated 15.4 million short ...


Friday, 19 June 15
INDONESIA'S COAL-TRAFFICKING PROBLEM REQUIRES IMPARTIAL INQUIRY - JAKARTA GLOBE
Indonesia, the leading supplier to the seaborne thermal coal market, produces 420 million tons of coal per year, according to its official tally. ...


Thursday, 18 June 15
DRY BULK SHIPPING: LOWEST FLEET GROWTH IN 10 YEARS MAY NOT PROVE ENOUGH AS DEMAND IS NOT KEEPING PACE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The demand side of things in the dry bulk market seems unable to keep pace with even the slightest fleet growth, a sign of the demise that the indu ...


Thursday, 18 June 15
THE FAR EAST HANDYSIZE, HANDYMAX, SUPRAMAX MARKET REMAINED STEADY LAST WEEK - INTERMODAL
COALspot.com: The Dry Bulk market closed off on Friday (last week) noting small gains on the back of stronger performance in the Panamax segment, w ...


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