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Thursday, 06 April 17
PANAMAX: THE MARKET HAS CONTINUED THE FIRM SENTIMENT FROM LAST WEEK IN BOTH HEMISPHERES - FEARNLEYS
PanamaxSupramax
With holidays in Asia, the week has started very slow in Pacific. Some fixtures have still been done and levels have remained quite stable said Fearnleys in its latest weekly report. Ultras are fixing ca USD 10000 for Indo/China coal trips with delivery S. China, while Nopac rounds are being talked around high USD 9000/10000. 
 
According to Fearnleys, the Supras open WCI achieving around $11000 for trips to China and around $11000-12000 dop WCI via MEG to India. Holidays seemed to also affect the Atlantic market, where few new orders surfaced, but rates remained stable. Good activity from Cont to USG, where Supras fixed to USG at high $12000. Same from Baltic Sea around $7000-8000/day. Some fertilizer cargoes from Baltic to Brazil where done around $9000-10000.Usual grain cargoes from USG to the Far East where fixed around $16000-17000.

Panamax
Commenting on Panamax, Fearnleys says, the market has continued the firm sentiment from last week in both hemispheres. Nevertheless, the market seems to have taken a breather with a softer tone the last couple of days as China been away. Grains out of ECSA still active and providing support to market fundamentals both in the Pac and Atl. TA increased to around USD 12000 and Fronthaul concluded at around USD 17000.

Fearnleys further noted that the Baltic/Far East done at mid $19000 early this week. Pac has decreased to high $10000’s for rounds with ECSA cargos still paying around USD 12000. Force majeure in major Aussie ports creating negative sentiment in the Pac. FFA's decreased slightly w-o-w.

Is it an underlying trend that grain houses are short on paper in order to cover their physical biz which contributes to pulling it down?

Capesize
With China, Taiwan and HK off for the first two days of this week for Tomb-sweeping, it was always going to be a slow start, leading to the market, especially on C3 to take a downturn said Oslo-based shipbroker Fearnleys.

Talk of low $14000’s now concluded for 1-10 May dates for that does not instill many with confidence, however, there is the hope that this is just a temporary blip down to the quietness in the market. 
 
W. Aussie/China understandably is also being concluded at reduced levels, with mid-April dates being fixed in the low $6000’s pmt. FFA has been drifting off all week leading to diminished appetite from operators for a period or at least reduced bids being shown for a short period up to 1 year.


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Recent News

Thursday, 02 March 17
ULTRAMAX: INDONESIA TO INDIA COAL ROUNDS IS BEING FIXED AT AROUND MID 11K BSS SINGAPORE DELIVERY - FEARNLEYS
Supramax Holiday mode within Atlantic i.e. very few movements but rates remained still positive, mostly in the USG region where tight tonnage sup ...


Wednesday, 01 March 17
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2017 is looking like it will be a good year for a number of commodities. Following the price recovery witnessed in 2016 across a number of commodit ...


Tuesday, 28 February 17
PORT OF NEWCASTLE SHIPPED 17.39% LESS COAL IN JANUARY; TRADE VALUE UP 11.87% M/M
COALspot.com: The Port of Newcastle, Australia’s major trading ports and the world’s largest coal export port has shipped $AU 1,625.6 M ...


Monday, 27 February 17
THE FREIGHT MARKET WAS FIRMED UP THIS PAST WEEK; BCI ROSE 57.64% W/W
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Friday, 24 February 17
RUSSIAN OIL AND GAS WITHSTANDS OIL PRICE SHOCK - FITCH RATINGS
Fitch Ratings says in a new report that the Russian oil and gas sector has withstood the oil price stock of 1H16. Key events of 2016 include record ...


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