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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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Monday, 03 August 15
NEWCASTLE COAL SWAPS DECLINE FURTHER THIS PAST WEEK
COALspot.com: API 5 FOB Newcastle Coal swap for 4Q’ 2015 delivery down $ 1.92 per MT (-4.22%) month over month to US$ 43.58 per mt. The swap ...


Monday, 03 August 15
CFR SOUTH CHINA COAL SWAPS SLIDE THIS WEEK
COALspot.com: API 8 CFR South China Coal swap for 4Q’ 2015 delivery declined US$ 1.64 (3.14%) per MT month over month. A commodity swap ...


Sunday, 02 August 15
CAPESIZE RATES PUSH BDI UPWARD
COALspot.com: The freight market was buoyant this week as BDI rose 4.14 pct to 1131 points. The cape index was also increased 16.50 pct 2209 points ...


Saturday, 01 August 15
DRY BULK MARKET KEEPS ITS MOMENTUM, AS OUTLOOK IMPROVES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Although conditions remain more than challenging, especially from an economic point of view (aka China’s stock worries), the dry bulk market ...


Friday, 31 July 15
CAPE'S PAPER MARKET REMAINS FIRM - INTERMODAL
COALspot.com: The positive sentiment that the Dry Bulk market has been enjoying as of the previous month, was carried through last week as well, bu ...


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