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Thursday, 09 January 20
SUPRAMAX: A NUMBER OF INDONESIAN ROUND TRIPS WERE REPORTED AT BELLOW USD 5,000 PD LEVELS - FEARNLEYS

Fearnleys logoCapesize
The Capesize market has hit new low's in the first week of the new year, with the West Australia route being fixed at USD 6.6 being the lowest, before improving to USD 7 level towards the second half of the week says. TC level is presently sub USD 5,000 for a Pacific round. The weighted average is presently USD 9,000. Period fixing is more or less none-existing at fixed levels, whilst index linked deals are considered interesting, Fearnleys in its latest weekly report.

Panamax
Fearnleys  further noted, the Panama segment experienced a weak sentiment and the sentiment has put rates in both basins under constant pressure in the last weeks, with no exceptions this week. Please take note that the rates quoted will from now on be basis a Baltic type 82,000 DWT Kamsarmax. The Oslo based broker further noted, a TA round voyage pays owners around the mid USD 8.00 per day. A fronthaul from the Continent yields around the mid USD 15,000's. In the Pacific basin, a round voyage pays owners around USD 4,500 per day. The BPI 4TCindex is currently at 803 points, 618 down since week 50, 2019.

Supramax
First week of the new year started poorly. Oversupply of tonnage in the Pacific and lack of fresh enquiry in the Atlantic add lots of pressure on current market conditions. According to Fearnleys, a number of Indonesian round trips were reported at bellow USD 5,000 pd levels. Ultramax for Nopac grain loading was fixed USD 7,900 pd. USD 11,000 pd plus an USD 100,000 ballast bonus for a South African trip into India-China range. US Gulf petcoke runs into the Continent and the Mediterranean were reported in the USD 14,000/15,000 pd range. MV Xing Shou Hai 61’ dwt fixed at USD 13,500 aps Recalada trip Black Sea. From the Mediterranean, a Supra fixed delivery Iskenderun trip to West Africa at USD 7,750. Scrap runs from Continent to Turkey fixing USD 10,000 pd level.



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Recent News

Sunday, 26 January 20
SUPRAMAX: THE ASIAN BASIN SAW A 56,000DWT SHIP FIXING DELIVERY SAMARINDA TRIP TO WEST COAST INDIA AT $4,750 - BALTIC BRIEFING
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Friday, 24 January 20
LOW-SULPHUR FUEL OIL PRICES DROP USD 99 PER MT IN SINGAPORE - BIMCO
Singapore has seen one of the largest drops in the price of Very Low Sulphur Fuel Oil (VLSFO), which peaked on 7 January 2020 at USD 740 per metric ...


Friday, 24 January 20
CHINA'S BENCHMARK POWER COAL PRICE REMAINED FLAT DURING THE PAST WEEK - XINHUA
The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge of coal prices in north China’s major ports, stood at 553 yuan (about 80.1 U.S. dollars) ...


Thursday, 23 January 20
PANAMAX: ANOTHER DISAPPOINTING WEEK IN BOTH THE ATLANTIC AND THE PACIFIC BASIN - FEARNLEYS
Cape Size From bad to worse for the biggest ships as prices for low-sulphur fuel oil remain high whilst freight rates deteriorate further. Aver ...


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