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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

Tuesday, 12 September 17
KOMIPO TO IMPORT 2.5 MILLION TONS OF 5700 NAR COAL FOR 5 YEARS
COALspot.com: South Korea state-owned utility Korea Midland Power (KOMIPO) issued an another new tender for total 500,000 Metric Tons of Bituminous ...


Monday, 11 September 17
A PUNCHY WEEK FOR THE BIG SHIPS AS THE RATE FOR WEST AUSTRALIA TO CHINA HIT $8.00 THE FIRST TIME IN NEARLY THREE YEARS - BALTIC EXCHANGE
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COALspot.com: Indonesian coal benchmark price surges 9.60% in September, government data showed. The benchmark price of Indonesian th ...


Monday, 11 September 17
KOMIPO INVITED BIDS FOR TOTAL 6.235 MMT OF 5700 AND 5100 NAR COAL FOR 2017 TO 2022 LOADING
COALspot.com: South Korea state-owned utility Korea Midland Power (KOMIPO) issued an another new tender for total 1,590,000 Metric Tons of Bitumino ...


Monday, 11 September 17
THE FREIGHT MARKET ROSE WEEK OVER WEEK; BCI UP 22.22% & BPI UP 14.77%
COALspot.com: The freight market rose in all segments week over week. Mainly Cape and Panamax have supported to pushed up BDI this past week, BDI, ...


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