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Thursday, 15 June 17
SUPRAMAX NICKEL ORE FROM PHILIPPINES TO S. CHINA PAYING AROUND MID $10000 - FEARNLEYS
PanamaxSupramax
Market looked more promising from both sides of the basins. Within Atlantic USG returned with tick better rates seen as tonnage kept tightening. Ultras from USG to Med were fixed ca 13k daily, said Fearnleys in its latest weekly report.

According to Fearnleys, on fhaul ultras were fixed around $19000 daily to India and around $17000-18000 daily to Singapore-Japan range. From ECSA to Singapore ultras saw about $12000 -13000 k daily + bb . Usual scrap runs from Cont to Med were fixed around $9000-10000 daily.

Fearnleys further noted that, more activity and stronger rates had been concluded in Pacific this week. Nopac rounds were paying supras around low/mid $8000 and nickel ore from Philippines to S. China paying around mid $10000. Trips from Safr to MEG/WCI payed surpas around $14000.

Panamax
Commenting on Panamax, Fearnleys says, it has been an active week for the Panamaxes. After a long period with decreasing rates and low activity the sentiment has changed somewhat and the market is firmer in both hemispheres, but especially in the north Atlantic region. Less tonnage and more cargoes in the North Atlantic have pushed the rates pretty much and the TA market is priced at mid $7000’s right now, while FH rates are around high $12000’s.

The activity out of S-Am has finally picked up and is a key feature to keep the momentum up in the coming weeks. More activity in the Pacific has pushed the rates for a transpacific RV to mid $6000’s. There are a lot of expectations in the FFA market; Jun is priced at mid/high $7000’s, while Jul is priced at high $8000’s on the P4TC index.

Capesize
An uneventful and slow week with very low volume of cargoes in both Atlantic and Pacific says Fearnleys report.

The report further noted that, Brazil and South Africa have been the weakest, something that been dragging the freight for Brazil/China down below the $13 pmt mark. The Pacific market have as always seen a certain flow of west Australia cargoes, but in very limited numbers. The time charter rate for a pacific round is presently around $10,000 daily. It is expected that the market will continue to struggle during the summer time, but it is still a relatively positive belief for the end of the year.


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