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Thursday, 13 August 15
THE RATES FOR CAPES KEPT RALLYING LAST WEEK - INTERMODAL
Intermodal logoCOALspot.com: Strong Capesize performance kept supporting the Dry Bulk market last week, which noted another positive weekly closing, while rates for the rest of the segments were moving directionless for the bigger part of the week, still denying market participants a full-on change of sentiment, said Greece based ship broker Intermodal in its recent weekly report.

According to the broker, the devaluation of the yuan by China is of course stealing the spotlight in the case of the Dry Bulk trade as well. The move, which is without a doubt extending the global currency war, is bound to affect demand for Dry Bulk commodities, while it also points out the persistent weakness of the local economy to live up to the expectations built up during the past years. Saying that, the determination of the Chinese government to support the economy is undeniable and this latest decision could be marking a series of growth supporting steps that might partly offset the trade negative effects from the devaluation.

The broker noted that, the rates for Capes kept rallying last week, on the back of improved enquiry in both basins and strengthening sentiment. Things nonetheless started to slow down just before the weekend, while we expect rates for the segment to remain in tighter range this current week.

Commenting on Panamax, Intermodal says that, the Panamax segment kept underperforming the market for yet another week, on the back of a quieter Atlantic market, while activity out of both the Continent and the Pacific were also denying the built up of positive momentum.

The Handy/Handymax/Supramax Atlantic market was a bit slower last week, with fresh business out of ECSA slowing down and numbers out of the Pacific keep losing steam as the week was progressing.


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Wednesday, 19 August 15
FOB INDONESIA COAL SWAPS CONTINUE FLAT TREND LINE THIS WEEK
COALspot.com: Indonesian coal swap for delivery 4Q 2015 declined month on month and flat week over week, this past week. The 4Q swap was decli ...


Tuesday, 18 August 15
DRY BULK: MARKETS HAVE CONTINUED TO BE SEVERELY CHALLENGED - CLARKSONS
The dry bulk markets have continued to be severely challenged with freight rates falling during the period to below operating expense. The Baltic D ...


Tuesday, 18 August 15
1Q'16 FOB RICHARDS BAY COAL SWAP FALLS BELOW $54 A TON
COALspot.com: API4 FOB Richards Bay Coal swap for delivery 4Q' 2015 declined month over month and week over week. The 4Q swap was down US$ ...


Tuesday, 18 August 15
2Q' 16 FOB NEWCASTLE COAL SWAP CLOSED AT $43 PER MT W/E 14 AUGUST
COALspot.com: API 5 FOB Newcastle Coal swap for 4Q’ 2015 delivery down $ 1.08 per MT (-2.46%) month over month to US$ 42.82 per mt. The swap ...


Monday, 17 August 15
TROUBLED DRY BULK MARKET FACES TURMOIL AS CHINESE COAL IMPORTS REMAIN WEAK - BIMCO
The demand for coal in China continues to diminish. So much in fact that India is expected to succeed China as the world’s largest imp ...


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