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Thursday, 10 August 17
ANOTHER ACTIVE WEEK FOR THE PANAMAXES WITH INCREASING RATES IN BOTH HEMISPHERES - FEARNLEYS
Supramax
Both basins have remained fairly flat, could say slightly to the negative. A quiet start of the week in the Pacific with holidays in Singapore.

According to Fearnleys, Indo/China coal fixing low $9000 delivery Singapore. Nickel ore rounds via Philippines to China fixing mid/high $9000.The Bsea has softened a bit from last week, however still a few enquires out, mid $16,000 going through. Fronthaul fixing high $9000+200k BB, however little fixing taking enquires into considers.

Panamax
Commenting on Panamax, Fearnleys analysis team says another active week with increasing rates in both hemispheres for the Panamaxes. The Atlantic market is again the region that keep the momentum up, especially within the north Atlantic where a tight supply of tonnage is pushing TA rates at around mid 10k’s, Baltic rounds in the region $12k’s and FH rates close to $17k’s.

The Fearnleys further noted that, the sentiment in Asia remain positive with a transpacific RV at around $9k’s and the activity appears to be steady despite a holiday disrupted week in Asia. The short term outlook for the Panamax market, remain positive. There are still a lot of expectations in the FFA market; September is priced at low $10k’s, while Q4 is now priced at around mid $10k’s on the P4TC index.

Cape size
A volatile week for Cape segment where, the general sentiment has been somewhat better than the actual market.

Despite of this, rates are at decent levels and towards end of this period there was an improvement with c3 reaching $14.5 pmt for September dates. Short period levels are around $15,000 levels.


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