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Thursday, 14 September 17
THE FIRM COAL TRADE IS SUPPORTING SUPRAS; FIXING AROUND LOW $13000 WITH DELIVERY THAILAND - FEARNLEYS
PanamaxSupramax
This week has brought Supras firm rates and numerous orders. Scrap orders from Cont to Med still pay $11000 and Fertilizer from Baltic to Brazil went around $7000, says Fearnleys in its latest weekly report.

According to the Oslo based broker, Ultras from USG on front haul got almost $24000 for a trip to India, around $20000 with redel Singapore-Japan. Supras fixing from ECSA for a fhaul around $14000 daily + bb. The Pacific market is still firm with activity still on nickel ore, coal and period business being concluded.

Fearnleys further noted, Ultras open S. China are able to obtain around $14000 and Supras del CJK around $12000 for nickel ore rv via Philippines. The coal trade is also firm with supras fixing around low $13000 with delivery Thailand. The period market has been active with Supras fixed $10500 for 1 year and Ultras $11500 for short period.

Panamax
Commenting on Panamax sector, Fearnleys  says, another active week with increasing rates in both hemispheres. The Atlantic market keeps its momentum as the driving force of the market with the north Atlantic being especially firm.

We see a steady pace of cargoes out of US Gulf and South America pushing TA rates at around $12000’s, said Fearnleys. Fronthauls are being fixed in the $20000 to $22000’s depending on duration. A Panamax was reported fixed for 1 tct from Gdynia via Baltic redel India for a healthy $25000 daily. The sentiment in Asia remain very positive with transpacific RVs at mid $12000’s and the expectations going forward still being positive. The short term outlook for the Panamax market remain positive all in all, however the ease off in the Cape sector may be a warning sign.

Capesize
A bit of a slow week so far, especially the volumes from Brazil and South Africa have been very limited says Fearnleys research team.

The Oslo based broker further noted that, the main activity have been on the west Australia market, where the rates have kept steady this week at just below the $8 pmt mark. Several typhoons are hitting China and the vessels are getting delayed in their discharge port, which again putting pressure on early tonnage.

The rates for time charter in the Pacific is trading around the $20000 daily mark. And the expectations are that the market will continue upwards for the next months to come. The underlying fundamentals look good with a further increase in the commodity prices and with a very low fleet growth in the Capesize market.


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Recent News

Thursday, 28 September 17
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Tuesday, 26 September 17
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Tuesday, 26 September 17
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Monday, 25 September 17
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COALspot.com: The freight market rose in all segments except Panamax week over week. Mainly Cape has supported to boosted up BDI this past week, BD ...


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