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Thursday, 26 October 17
INDO TO CHINA ROUNDS SUPRAS ACHIEVING AROUND HIGH $14000 - FEARNLEYS
FearnlyesSupramax
By mid-week the market has been relatively quiet in the Pacific basin as well, but still some healthy rates being achieved on the different routes.

According to Fearnleys, for Indo/China rounds Supras achieving around high USD 14k with Singapore delivery, while Indo/Thailand trip has been concluded around mid USD 11k with delivery S. China.

N. Ore runs are fixing around USD 13k via Philippines back to S. China, while trips from WCI to China is paying around mid/high USD 14k. Atlantic still showing good rates besides USG, where rates have taken slight downturn, front haul now paying around USD 23k daily, supras to cont/med go around USD 17k. Usual scrap runs cont/med went now ca USD 17k daily. More cargoes supported Black Sea, where front haul is now paying 19k.

Panamax
The Oslo based ship broker said, activity in the Panamax market has slowed down quite substantially the last week. Lack of fresh cargoes in both hemispheres and a growing tonnage list is putting pressure on the freight rates. In the Atlantic region the TA market has dropped to mid 11k’s, while front haul’s are being fixed in the 18 to 20k’s depending on duration.

The brokers' analysis team further said, activity in the Pacific was good until Monday, but was also affected by the softer trend in the market thereafter. A transpacific RV is now priced at mid 13k’s. The expectations for both hemispheres remain weak in the coming days. FFA’s, Nov is trading high 12k’s, while Q4 is now priced at mid 12k’s on the P4TC index.

Capesize
Commenting on Cape segment Fearnleys said, the Cape market continues on a general strong note, though with high volatility especially on the west Australia/China route.

Bad weather in China discharge ports have created a lot of delayed vessels, which the west Australian shippers had to find substitute vessels for. This created a strong demand for spot tonnage and freight rates increased sharply to above USD 9 pmt level. After spot requirement covered and weather improved, there sentiment changed and the freight rates went down close to USD 8 pmt mark.

The report further noted that, the Brazil and South Africa market are steadier on a firm trend. The market does in general keep strong and it is an optimistic view of the future, for now.


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