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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

Friday, 04 August 17
IMPORTED COAL CONTINUES TO BE A COMPETITIVE, SAFE AND RELIABLE ENERGY SOURCE FOR GERMANY - VDKI
COALspot.com: Worldwide hard coal production in 2016 declined by 3.8% to 6.7 billion tonnes. According to the Germany Coal Importers Associati ...


Thursday, 03 August 17
SUPRAMAX: INDO TO CHINA COAL ROUNDS ARE GETTING FIXED AROUND MID $8000 - FEARNLEYS
In the Pacific rates have remained weak and under pressure this week with most routes softening. Indo/China coal rounds are getting fixed arou ...


Thursday, 03 August 17
BUMI RESOURCES COAL SALES RELATIVELY FLAT AT 41.5 MILLION TONS IN 1H' 17; REPORTS US$162.3 MILLION PROFIT IN FIRST SEMESTER
COALspot.com: The BUMI Resources, Indonesia’s one of the largest coal producer, has reported a net income of $162.3 million in 1H’ 17 c ...


Wednesday, 02 August 17
SHIPPING MARKET INSIGHT - GIANNIS ANDRITSOPOULOS
During the duration of the first half of the year, the dry bulk market saw intense buying interest that boosted SnP prices significantly. We saw a ...


Monday, 31 July 17
KOMIPO INVITES BIDS FOR 750K MT OF 5,700 KCAL/KG NAR COAL
COALspot.com: South Korea state-owned utility Korea Midland Power (KOMIPO) issued a new tender for 750,000 Metric Tons of Bituminous coal for its B ...


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