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Thursday, 20 October 16
A SUPRAMAX HAVE BEEN FIXED AT $12,500 FOR A INDIA TO BANGLADESH TRIP - FEARNLEYS
PanamaxSupramax
A bit more activities with modest upturn in rates.

According to Fearnleys weekly report, US Gulf trip to Skaw-Passero has seen constant increase in rates on average 9k, mostly due to lack of tonnage in ECSA and US Gulf. Rates en route Cont to US Gulf still weak but have stayed more stable during the week with average rates being around 5,5k.

On the front haul 56k dwt supra have been fixed at 12,5k for trip to India-Bangladesh with delivery in Canakkale, said Fearnleys in its latest weekly report.

Supramaxes for Indo coal trips to China delivery Singapore are fixing around 7k, while trips from N China to SE Asia is paying around high 5k for Supras and low/mid 6k for Ultramaxes. Levels for Supras with delivery PG for trips to SE Asia is around 6k, while trips from same destination to China has been concluded around 5k.

Panamax
The Oslo based ship broker commented on Panamax "Firm and moving up".

According to weekly report, the last week's positive sentiment continues in both hemispheres, perhaps even stronger in the Atlantic with fresh requirements out numbering the list of open positions.

Short hauls Ex Cont and Med has reached US$ 10K level for good units. T/A in general hovering around 8K+. Fronthaul above 12K alt above 11K and 300 GBB for USG -->Far East. However, the broker said, shorter trips out pays even better.

ECSA activity was low but pays 8K +300 GBB average. Good activity and strong numbers as well in the Pacfic, with Pacific runs well into the 7’s and NOAPC rounds even up to 8K for good units' bss Japan. Period interest was improving with KMAX done at mid/upper 7K’s for 5-7 or similar. Interest in longer period was increasing. Q 4 is here.

Capesize
Front haul rates dropping as Brazil stems for November missing. C3 have been fixed at USD 11.35 pmt and offered over meaning the rout is down more than 1 USD from last week. Atlantic also weaker as the vessel count is increasing. On a positive note west Australia volumes are good, but levels under pressure as sentiment shifted, says Fearnleys.


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Recent News

Friday, 07 October 16
CEYLON SHIPPING CORPORATION HAS TAKEN DELIVERY OF COAL CARRIER MV.CEYLON PRINCESS
Sri Lanka’s Ceylon Shipping Corporation (CSC) has taken delivery of its second newly built bulk carrier for the transportation of coal to pow ...


Friday, 07 October 16
U.S. YEAR-TO-DATE COAL PRODUCTION TOTALLED AN ESTIMATED 540.5 MMST; DOWN 21.9% Y-O-Y, SAYS EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 16.7 million short ton ...


Thursday, 06 October 16
SHIPS IN PACIFIC ACHIEVE JUST ABOVE $10K DAILY FOR A BRAZIL ROUND VOYAGE - FEARNLEYS
Supramax Slower week with limited activity due to holidays in the East. Mixed feelings within different markets, with slight downturn in Pacific ...


Wednesday, 05 October 16
OPEC TO SHUT OFF MORE THAN 6 PERCENT OF ITS PRODUCTION; MIXED FEELING AMONGST TRADERS - ALLIED
OPEC recent accord to shut off more than 6 percent of its production this past week has been met with mixed feeling amongst traders.  As we mo ...


Wednesday, 05 October 16
SHIPPING MARKET INSIGHT
On September 27th the OPEC petroleum and energy ministers arrived in Algeria to attend the International Energy Forum, which brought together produ ...


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