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Thursday, 31 August 17
SUPRAMAX: INDO TO CHINA COAL TRIPS AT AROUND $9000, DELIVERY THAILAND - FEARNLEYS
PanamaxSupramax
A bit slow start to the week with UK holidays on Monday. Still strong rates for cargoes out of Black Sea, where front hauls where done $19k+ daily, says Fearnleys in its latest weekly market report.

According to Fearnleys Analysis report published yesterday, usual scrap runs from Continent to Mediterranean were done around $10k daily. Rates from USG still looked promising; on front-haul Supras were fixed at low $20k daily with grains. The Pacific market continued at a steady pace. Nickle Ore trips via the Philippines was fixed around mid $10k and Nopac round levels around mid $9k. Supras with delivery Thailand were fixing Indo/China coal trips at around $9k, while same trips with destination India were done around low/mid $11k with delivery Singapore.

Panamax
Commenting on Panamax, Fearnleys says, activity has slowed down quite substantially the last week, especially in the Atl region putting a downward pressure on rates across all routes. TA and FH rates are respectively at levels around low $9k’s and mid $16k’s. The Atl market is expected to slide further in the coming days with negligible fresh biz, especially from US Gulf.

The broker further noted that very little activity out of South America, both the Atlantic and Pacific region has been the main reason for the decreasing rates and a transpacific RV is at time of writing facing levels around low $9k’s. Generally, the short term outlook for the Panamaxes appears to be soft going forward. FFA’s, Sep is priced at low $10k’s, while Oct is now priced at low $11k’s on the P4TC index.

Capesize
A bit slower week, where the activity level has decreased.

The Oslo based broker says the freight rates have been slowly sliding downwards, but there are a strong underlying demand and a strong optimism in the market for the future. Hence, the freight levels keep up well.

A few typhoons in the Far East have also created a bit of volatility in the market. In general, the average time charter rates have not moved much from last week and is presently trading around $17,000 level as an average. There is still a high volume of cargoes from Brazil as seasonally expected. Expectations are for the market to continue firm into Q4.


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Recent News

Thursday, 14 September 17
THE FIRM COAL TRADE IS SUPPORTING SUPRAS; FIXING AROUND LOW $13000 WITH DELIVERY THAILAND - FEARNLEYS
Supramax This week has brought Supras firm rates and numerous orders. Scrap orders from Cont to Med still pay $11000 and Fertilizer from Baltic t ...


Thursday, 14 September 17
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Wednesday, 13 September 17
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Wednesday, 13 September 17
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