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Thursday, 03 May 18
SUPRAMAX: INDO - CHINA COAL ROUNDS ARE PAYING IN THE LOW-MID $12000 BSS SINGAPORE DELIVERY - FEARNLEYS
FearnleysSupramax
As expected a slow and uneventful start to the week with holidays in many countries, however by mid-week some fresh requirements and positions has appeared in the market.

According to Fearnleys Weekly - Dry bulk report, Supra from Cont to India were fixed around $18000 . Fertz from Cont to Brazil being discussed around $9000. In the Pacific Nickel ore runs via Philippines to China is paying owners around $12000 while Safr to WCI/Pakistan is paying in the low $11000 + $150,000 bb. Indo/China coal rounds are paying in the low-mid $12000 bss Singapore delivery.

Panamax
Commenting on Panamax, the broker says, a very slow and quiet week all over, with some days almost lifeless. Holidays in both hemispheres and little activity has again put pressure on the freight rates. Fearnleys further noted, however, mid-week we saw a little push of fresh cargoes, many sub-sale cargoes and hopefully they will materialize which is much needed to lift the freight rates going forward together with the firm enquires. TA rates is now priced at low/mid $9,000’s, while the FH rates is in the range of mid/high $16000’s. Little activity in Asia due to golden week has priced the transpacific RV at low/mid $10,000’s. FFA’s, May is priced at high $10,000’s, while June is at around mid $11,000’s on the P4TC index.

Capesize
Sentiment again positive for the big ships after a seemingly holiday-related setback, and underlying coal/iron ore trades continue to appear robust. With practically 2 non-trading days included, w-o-w development in daily average earnings is down some 5 pct to come in at $17,400, Fearnleys in its latest Weekly - Dry bulk report.

Fronthaul again being a major driver and steady/improving from a present $32-33,000 on the cont-brazil-feast run, the pacific rounds are slightly softer in comparison but expected to improve from the present $16,000 to again exceed last week's $17,000. Healthy period activity/interest, with representative fixtures including 176000 dwt/blt 2011 fetching $18,500 for 7-10 months, also 171000 dwt/blt 2005 done for 8-10 months at $16,250.


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Thursday, 05 April 18
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