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Thursday, 24 October 19
PANAMAX: NEGATIVE SENTIMENT IN THE MARKET AS IT CONTINUES TO WEAKEN - FEARNLEYS
FearleysCapesize
The market has continued to slide the last week, as lack of fresh requirements and a slight oversupply of tonnage heading towards South America keeps pressuring rates downward. However, there was some optimism today on the FFA market with both November and December closing up around 900 USD p/d said Fearnleys weekly report. This probably due to the seasonal increase in shipment volumes that often occurs after the final weeks of October. Still, we might have to wait until the end of November before another upwards push upwardsmaterialize.
 
Panamax
Commenting on Panamax Fearnleys weekly report says, negative sentiment in the market as it continues to weaken. A TA RV currently pays owners around the mid14,500 usd pd on a standard Panamax, while a front haul from the continent now yields around 24,000 usd pd. In the east, a Pac RV pays around the 12,500 usd pd mark. The BPI4 TC index is currently at 1770 points, 118 down since last week.
 
Supramax
By mid week rates in the Atlantic basin had softened a bit, while some routes in Pacific made gains. TA from USG to Cont/Med are fixing in the high teens, while FH ex USG paying owners around USD 25000 toFeast. Trip from Cont/Med to Wafr paying owners around USD 15000, while scrap from Cont to E med paying around USD 14000. In the Indian Ocean vessels fixing around mid 13k + 350k gbb via Safr redel India range. Further in the East, Aussie rv's paying around USD 14500, while Indo/China trading around USD 14000


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Sunday, 29 December 19
AUSTRALIA SUFFERS WORST OF CHINA'S COAL CURBS AFTER EARLIER BOOM - BLOOMBERG
Australia is bearing the brunt of China’s year-end coal import restrictions, ceding market share to other exporters including Russia and Mong ...


Saturday, 28 December 19
SUPRAMAX: A 63,000DWT VESSEL, OPEN CIGADING, FIXED A TRIP VIA INDONESIA, REDELIVERY WEST COAST INDIA, AT $8,500 - BALTIC BRIEFING
Capesize The Capesize market this past week has been attempting to recalibrate itself in consideration of weakening freight levels and increasing ...


Saturday, 28 December 19
CHINESE INDUSTRIAL CITY TO FURTHER CUT COAL CONSUMPTION - XINHUA
Harbin, capital city of Heilongjiang Province in China’s northeastern industrial heartland, is planning to further reduce its coal consumptio ...


Friday, 27 December 19
MISERY LOOMS OVER TOP COAL SHIPPERS AS CHINA TO BUY LESS IN 2020 BLOOMBERG
China isn’t cutting back on consumption of the most-polluting fossil fuel just yet, but it is set to reduce imports.   The world ...


Thursday, 26 December 19
REVIEW OF 2019 AND OUTLOOK FOR 2020 - OPEC
Global economic growth slowed in 2019, impacted by a variety of challenges. Trade issues not only led to reduction in global final consumption but ...


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