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Thursday, 06 August 15
THE RATES FOR CAPES SHOOT UP LAST WEEK; GIVING THIS RECENT RALLY SOME MUCH NEEDED LEGS - INTERMODAL
Intermodal LogoCOALspot.com: The Dry Bulk market noted another positive closing last week, entirely supported by Capesize performance, which managed to balance things out in a market that was partly moving up and partly running out of steam, said Intermodal, an Athens based ship broker. The broker further noted that, whether this slowdown in the rest of the segments is due to seasonal reasons or whether the potential of this recent upturn for dry bulk freight rates has reached its ceiling for now, is something that will be probably easier to answer in a couple of weeks time, but we would definitely feel more comfortable if the BDI was currently moving ahead based on improved performance by the entire market rather than Capes alone.

According to intermodal broker, rates for Capes shoot up last week, giving this recent rally some much needed legs, as we are now entering the fifth consecutive week of gains for the segment. Activity in both basins remained firm throughout the week, while this current week has also kicked off on a very strong note, reflected both in fixture rumours but also in the paper market that keeps strengthening day by day.

The broker also noted that, the Panamax segment underperformed the market last week, while things started to slow down considerably mid-week onwards. The Panamax Atlantic market moved sideways with charterers out of East Coast South America trying to force ideas down, while Pacific rates were off last dones.

The Handy/Handymax/Supramax Atlantic market saw overall steady enquiry last week with rates holding around last dones, while rates in the Pacific were looking for direction during the biggest part of the week, says Intermodal.


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Wednesday, 12 August 15
FOB NEWCASTLE COAL SWAP FLAT WEEK OVER WEEK
COALspot.com: API 5 FOB Newcastle Coal swap for 4Q’ 2015 delivery down $ 0.98 per MT (-2.20%) month over month to US$ 43.65 per mt. The swap ...


Tuesday, 11 August 15
GLOBAL PRODUCTION OF CRUDE STEEL REACHED A NEW ALL-TIME HIGH OF 1,661M TONNES IN 2014 - VDKI
COALpot.com: Global production of crude steel reached a new all-time high of 1,661m tonnes in 2014, said German Coal Importer Association, in its l ...


Tuesday, 11 August 15
2016 CFR S.CHINA COAL SWAPS CLOSED SLIGHTLY HIGHER THAN 4Q 2015 CLOSING PRICES; BUT NOT SIGNIFICANT
COALspot.com: API 8 CFR South China Coal swap for 4Q’ 2015 delivery declined just US cents 10 (0.20%) per MT month over month. A commodi ...


Monday, 10 August 15
SOUTH KOREAN UTILITY KOMIPO INVITES BITUMINOUS COAL BIDS FOR BORYEONG POWER PLANT
COALspot.com: South Korean state-owned utility Korea Midland Power (KOMIPO) issued an new tender for 560,000 Metric Tons (MT) of 4,600kcal/kg NAR c ...


Sunday, 09 August 15
THE PANAMAX MARKET HAS REMAINED WEAK THIS WEEK
COALspot.com: The freight market continued to be buoyant with cape index pushing the BDI. The BDI was up 10.49% and closed at 1200 points on 7 ...


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