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Thursday, 08 March 18
SUPRAMAX: THE MARKET IS STILL GOING STRONG IN THE PACIFIC - FEARNLEYS
FearnleysSupramax
The market is still going strong in the Pacific, with Ultra fixing high US$ 13000+375000 bb for South Africa to ECI while nickel ore runs via Philippines to China are paying Supras around mid US$ 11000 says Fearnleys in its latest weekly report.

Fearnleys further said, Aussie rounds are paying in the US$ 13000’s, while Spore trip to WCI/Pakistan range has been fixed around US$ 13000. Similarly to Far East market, the Atl performed well nearly all areas. More fhaul enquires from Black Sea, same were done around US$ 20000 daily. Inter-Med business were concluded around US$ 12000 levels. USG pet coke trips to Far East still paying around US$ 23-24000 daily. Cont stayed more stable, where backhaul to Brazil were fixed around US$7000. Both basins seeing continuous period interest for both short and longer period.

Panamax
Commenting on the Panamax, the Oslo based broker Fearnleys says, a mixed week with a lot of volatility and different activity level from day to day, but in general there has been a positive sentiment, especially during the last couple of days with increasing freight rates in both hemispheres. Period interest remained robust with strong numbers being reported. A 75000 was reported fixed for 9 to 12 months at a strong US$ 14,500 daily. On the spot biz in the Atlantic, TA and FH rates are respectively at levels around mid US$13000’s and US$19000’s, while Baltic rounds continue to pay a high premium due to the ice conditions and last done is US$22000 for a Baltic RV on an ice classed LME. The sentiment in Asia is strong and a transpacific RV is now priced at mid US$12000’s with steady enquiry from all areas.

Capesize
Disappointing week so far with dropping rates in all basins says analyst from Fearnleys. According to Fearnleys, both the north and south Atlantic market have been struggled with very limited activity. Quite a bit of owners taken their vessel towards Brazil expecting a stronger market for end of March and beginning of April, but the rates have dropped and the number of cargoes are scarce.

South Africa market have basically been non-existing, which also put press on owners who decided to ballast. Freight rates on Brazil/China now down to mid US$ 15 pmt level. Pacific is still active, but enough tonnage around, and with an Atlantic market which is not attractive, the owners willing to discount for short west Aussie RV, which now down close to US$ 6 pmt mark.


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Recent News

Thursday, 15 March 18
SUPRAMAX: INDO TO CHINA COAL ROUNDS ARE PAYING IN THE LOW $13K TO S. CHINA AND HIGH $13K TO NORTH IN CHINA
Supramax More activity from USG , front hauls to Far East have settled around $25000, and to Cont around $20000. Stable gain again in Black Sea w ...


Thursday, 15 March 18
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Thursday, 15 March 18
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Wednesday, 14 March 18
COAL PRICES UP SAYS MINERALS COUNCIL - IAN KIRKWOOD,THE HERALD
NSW thermal coal exports were at near-record levels last year but prices were up, the Minerals Council of NSW has said after appraising annual stat ...


Wednesday, 14 March 18
NEW COAL PRICE FORMULA DOESN'T APPLY RETROACTIVELY: OFFICIAL - THE JAKARTA GLOBE
The Energy and Mineral Resources Ministry has decided to change the implementation period of the new discounted price formula for coal sold to the ...


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