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Thursday, 07 December 17
SUPRAMAX: CHINA TO INDIA FIXING AT MID US$ 8000 - FEARNLEYS
PanamaxSupramax
There has been quite some activity in the Atlantic basin this week, rates out of USG are still firm, trips to Emed gone through at low/mid USD 20.000.

According to Fearnleys Weekly - Dry bulk report, there was also done some period activity, 4-6mos was done at high USD 15.000 redly Atlantic. Black sea has also seen a bit more activity but little concluded fronhaul getting fixed around USD 17k. In the Pacific, Nickel ore fixing via Philippines to China at USD 8000. Clinker to China at mid USD 10000, trips from China to India fixing at mid USD 8000.

Panamax
Fearnleys Weekly - Dry bulk report further noted that, it has been an active week in the Panamax market. After a period with decreasing rates and low activity the sentiment has changed significantly and the market is very strong in both hemispheres, but especially within the Atlantic region.

Less tonnage and more cargoes in the north Atlantic has pushed the rates upwards and the TA market is priced at 15k’s right now, while FH are being fixed in the 19 to 21k’s depending on duration. The activity out of the US Gulf has been a key feature to keep the momentum. The report further said, more activity in the Pacific has pushed the rates for a transpacific RV to around 11k’s. A booming cape market has led to cape splits both in the Atlantic and Pacific which is a positive factor going forward.

Capesize
The freight market for Capesize vessels continues up in line with firming iron ore prices, said Oslo based Fearnleys.

Most of the activity and the market benchmark is the west Australia to China route, where the Australian miners are again in need of spot tonnage. Weather delays in part of China have created delays for vessels heading for West Australia. Freight levels hit the USD 10 pmt mark, before stabilizing in the high USD 9's. Brazil to China route also firm, though with more sporadic fixing, levels hovering just above the USD 20 pmt mark. The time charter market in the Pacific is now estimated at USD 28,000. Despite entering December month, so far no sign of the usual pre-Christmas slowdown.


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Recent News

Wednesday, 13 December 17
REFINED COAL HAS MADE UP NEARLY ONE-FIFTH OF COAL-FIRED POWER GENERATION SO FAR IN 2017 - EIA
The U.S. power sector consumption of coal is increasingly shifting to refined coal, even as coal-fired electricity generation decreases. Use of ref ...


Wednesday, 13 December 17
DEMAND FOR THERMAL COAL LOOKED RELATIVELY ROBUST - DANIEL HYNES
Coal prices were a touch higher. Demand for thermal coal looked relatively robust, after reports continued to surface that Chinese authorities have ...


Wednesday, 13 December 17
SHIPPING MARKET INSIGHT - GEORGE PANAGOPOULOS
As another year is coming to an end and much has been already written about the positive reversal in the dry bulk market, we think it is interestin ...


Monday, 11 December 17
INDIA CONSUMERS ARE SAID TO BE DESPERATELY SEEKING CARGOES - DANIEL HYNES
Coal markets were stronger, as strong demand outside China continues to spur buying said Daniel Hynes, Senior Commodity Strategist at ANZ. Acc ...


Monday, 11 December 17
CAPESIZE FFA MARKET LOOKING PROMISING MOVING FORWARD - FIS
Capesize Another very promising day for the big ships as rates continued to firm in both oceans and the paper market ate into the backwardation s ...


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