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Thursday, 16 March 17
CAPESIZE: SHOWING STRENGTH; PANAMAX: VERY QUIET - FEARNLEYS
PanamaxSupramax
The Atlantic market faced less activity from the USG whereas at the Cont tonnage seemed to tighten up with more cargoes emerging. Despite this it was few fixtures as owners tended to wait and see. According to Fearnleys Weekly report, Ultras on fhaul from USG to Far East remained around 21k daily. Bigger Supras from Cont for TA got 11k and same to WA ca 14k. At end of the last week the Pacific market slowed down, the same trend has continued into this week. Indo rv’s to China is paying owners around high USD 10k-11k for Supras with Spore delivery, while for Nopac rv’s Supras are getting fixed at around low 9k for with redel ECI/Bdesh. From MEG to ECI/Bdesh ows are achieving around low USD 14k and China to India trips are paying around high USD 8k.

Panamax
According to Fearnleys Weekly report,  says in its report, the week has been very quiet so far for the Panamaxes. Most charts holding back, as index turned negative mainly due to the lack of business reported. In Nopac LME’s were fixed in range of USD 10,500/ 10,750 delivery North China while for 1 year period USD 10,350 was reported delivery South East Asia.

Fearnleys A/S, the Oslo-based broker and having over 130 years of dry cargo brokerage experience further noted, Ecsa remains strong with Kmsx fixing at USD 11,000 dop deliveryy Paradip while TA looks slightly softer much lead of lack of activity. FFA still seen a good volume with q2 trading in a narrow range of USD 9,750 -10,250 . Overall market feels softer and we might see lower rates across both basins in the near term.

Capesize
Commenting on Cape Fearnleys noted that, the Capesize market is showing strength. The main driver is the Brazil and South Africa market where demand is strong and the number of ballasting vessels are limited. The Brazil to China market is presently at around USD 16 pmt and vessels on North Continent are being fixed at USD 26-27,000 on tct for same. This is putting pressure on the Transatlantic market as well. The South Africa to China market is above USD 12 pmt level. The WAus to China market have not been too active, as BHP have been absent from the market for the last week. Pac tct market have pushed though, and is presently around USD 16,000 - as most owners are looking to ballast towards the better Atlantic market, creating competition for the WAus market.


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Friday, 03 March 17
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