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Thursday, 23 August 18
SUPRAMAX: SOME FRESH COAL CARGOES APPEARED IN SE ASIA, GIVING A BIT PRESSURE ON RATES FOR END AUGUST SHIPMENTS - FEARNLEYS
FearnlyesCapesize
Slightly softer but generally very healthy for the big ships, with limited supply of early tonnage and positive Brazilian ore export volumes being the two main drivers. 
 
According to Fearnleys Weekly Report, average daily earnings were fallen USD 1000 to USD 25000, still a high number taking into consideration time of year. Levels agreed for 100-day China-Brazil-China rounds however down to par with 35-day Pacific rounds, which could reflect a more modest view on Q4. Period interest and activity considerable with support of positive medium term FFA levels - representative deals include 177k dwt/built 2006 China fh Sept done for about 2 years at USD 19,900/day, also top-spec 182k dwt/built 2015 Far East Q1/2019 said done for 3 years at USD 23000, both to majors.
 
Panamax
For the second week in a row, rising rates in both the Atlantic and Pacific basin has seen the index rising to a four-week high. Fearnleys, Oslo based broker says, a continued tight tonnage supply in the North Atlantic saw transatlantic round voyage rates rising to high USD 13,000, while fronthauls from the Continent pay owners around USD 20,500. the report further noted that, the activity in the East remained busy with Australia and Nopac rounds fixing at higher levels. A transpacific RV currently yields around USD 11,000, with backhauls to the Skaw-Gibraltar area positioned at high USD 4000. The BPI index is up 157 points to 1560.
 
Supramax
Commenting on Supramax, Fearnleys says, continuing improvements for Atlantic positions albeit in a slower pace. Ultra with fertilizer from Cont on front haul were offered USD 19k+, scrap to Med 15k. Med also performing better, where Supras were fixed at USD 16,000 - 17,000 for trip to WAF. USG rates getting most attention; fhaul with pet-coke went at mid 20s. Supras en-route Cont are fixed above 20000, Ultras to Med USD 22000 for same. A very quiet start to the week, continued by mid-week as Singapore was off for holidays. Some fresh coal cargoes in SE Asia appeared, giving a bit pressure on rates for end August shipments. From South Africa, Supras getting paid around low USD 12000+low 200,000 for tct to China, while nickel ore round going for ca low USD 12k via Philippines back to S. China.


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Wednesday, 22 August 18
KOMIPO INVITES BIDS FOR 480K TONS OF BITUMINOUS COAL FOR BORYEONG POWER PLANT & SHIN BORYEONG POWER PLANTS
COALspot.com: South Korea state-owned utility Korea Midland Power (KOMIPO) issued a tender for 480,000 mt of min. 5700 NAR coal of Australian origi ...


Wednesday, 22 August 18
SHIPPING MARKET INSIGHT - GEORGE PANAGOPOULOS
During the most quite week of the summer period we witnessed a trade war between United States and Turkey. A battle, which started with the arrest ...


Monday, 20 August 18
SUPRAMAX: OVERALL IT WAS A POSITIVE WEEK FOR THE BSI INDEX WITH GAINS MADE - THE BALTIC BRIEFING
Capesize A week of largely unfulfilled expectations with holidays again curbing activity. Rates remained essentially healthy, but despite bad wea ...


Friday, 17 August 18
DO ARBITRATION AGREEMENTS IN BILLS OF LADING BIND THEIR HOLDERS? - WFW
KNOWLEDGE TO ELEVATE Bills of lading are a crucial part of the security package traditionally sought by trade finance providers.   ...


Friday, 17 August 18
MALAYSIA'S MANJUNG 4 - WORLD COAL ASSOCIATION
According to the IEA’s Energy Access Outlook 2017 report, nearly all of those who gained access to electricity worldwide in the last 16 years ...


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