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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, 22 November 17
CHINA CONSUMES MORE THAN TWO-THIRDS OF THE GLOBAL SEABORNE IRON ORE MARKET; PRODUCES AS MUCH STEEL AS THE REST OF THE WORLD COMBINED - CHRISTOPHER T. WHITTY
China consumes more than two-thirds of the global seaborne iron ore market and at the same time produces as much steel as the rest of the world com ...


Monday, 20 November 17
INDONESIAN COAL BENCHMARK PRICE SURGES 0.86% TO $94.80 A TON, GOVERNMENT DATA SHOWS
COALspot.com: Indonesian coal benchmark price surges 0.86% in November compared to declared price in October, the latest ministerial decree showed. ...


Friday, 17 November 17
U.S. PRODUCED 678.8 MMST OF COAL YEAR TO DATE; 9% UP Y/Y, EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 14.8 million short ton ...


Thursday, 16 November 17
PANAMAX ACTIVITIES HAVE SLOWED DOWN QUITE SUBSTANTIALLY THE LAST WEEK - FEARNLEYS
Supramax Another week with rates easing over all the Supra routes within Atlantic. Front hauls from USG got payed around 21-22k daily and ul ...


Thursday, 16 November 17
KOMIPO INVITED BIDS FOR 3.9 MILLION TONS OF 5700 NAR AND 5400 NAR COAL FOR 2018 - 2020 DELIVERY
COALspot.com: South Korea state-owned utility Korea Midland Power (KOMIPO) issued an another new tender for total 3,900,000 Metric Tons of min. 570 ...


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