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Thursday, 18 August 16
CAPESIZE: AN EXTREMELY VOLATILE LAST WEEK, WHERE THE MAIN DRIVER HAS BEEN THE WEST AUSTRALIA MARKET
FearnleysSupramax
The week has held up. After the most of the world is back at work there is some optimism again in the market. The Far East volume has increased as well as the freight rates, says Fearnleys in its latest weekly report. In the Atlantic there is a fair amount of activity and it is especially the USG market where demand for end August loaders has grown, fuelling the market. The same can be said for grain from the Black Sea to India and Bangladesh, but concerns about the monsoon season are holding owners back. The period market remains quiet.

Panamax
According to Oslo based ship broker Fearnleys, the early week holidays reducing trading and leaving market direction vague and a bit toppish. However, from mid week it seems front haul from USG and Black Sea is still driving the sentiment and lifting the Atlantic levels close to 6.000 for T/A and 11.000 for long trips out.

The broker further noted that, fine tuned and tight for tonnage on the Continent giving owners a premium for short T/A runs or front haul. Firming up in the Eastern Hemisphere led by fresh Indo- and Aussie rounds paying on average mid 5’s up to low 6K. NOPAC activity a bit scarce with an increase in open positions ppt onw who will need further fresh requirements to hold that market up. Period activity and levels unchanged, with owners talking 6K + for short/medium but not much reported.

Capesize
Commenting on Cape size ships, Fearnleys says that, an extremely volatile last week, where the main driver has been the west Australia market. Freight rates moved from very low USD 4 pmt level to very high USD 4 pmt level at the end of last week. However, Fearnleys noted, now mid week the freight rates on west Australia have dropped below the mid USD 4 pmt level again. The Atlantic market did not support the activity level and the increase in freight levels which we saw in the Pacific and on west Australia. 

According to Fearnleys, the Brazil to China route has remained just above USD 9 pmt level. So main focus remains on the active and volatile west Australia market now that we enter the autumn months which seasonally have strong activity, hopefully freight rates could follow up if activities increase.


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Friday, 12 August 16
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Thursday, 11 August 16
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Thursday, 11 August 16
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