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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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Recent News

Tuesday, 20 March 18
TRAFIGURA GROUP PTE LTD SIGNS RECORD US$5.725 BILLION EUROPEAN MULTICURRENCY SYNDICATED REVOLVING CREDIT FACILITIES AND JPY72.64 BILLION DENOMINATED THREE YEAR TERM LOAN
Press Release: Trafigura Group Pte Ltd. (“Trafigura” or the “Company”), a market leader in the global commodities industry, ...


Monday, 19 March 18
PANAMAX: DESPITE FEWER REPORTED PERIOD TRADES THIS WEEK, RATE LEVELS HAVE REMAINED SOLID - BALTIC BRIEFING
Capesize There were finally reports of increased Brazil activity, but still largely unconfirmed. Vale reportedly took six ships Thursday for 5 Ap ...


Friday, 16 March 18
WEEKLY US COAL PRODUCTION DROPS 1.9 PER CENT WEEK OVER WEEK - EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totaled an estimated 14.8 million short tons ...


Friday, 16 March 18
INDONESIA COAL PRICE CAP POSES LIMITED RISKS TO PRODUCERS : FITCH
Indonesia’s cap on the benchmark price of coal sold to the domestic electricity sector is unlikely to have a significant impact on the credit ...


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 ...


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