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Friday, 13 March 20
PANAMAX: SLIGHTLY STRONGER NUMBERS IN BOTH BASINS THIS WEEK - FEARNLEYS
FearnleysCape
Still very sad times for the big ships, and merit in further trading at present levels is highly debatable for most tonnage. Spot fixtures in many cases reflect zero to negative daily income, with owners even taking on contractual risks of potential further virus-related losses, said Fearnleys in its latest weekly Report. 
 
Fearnleys  further said, this stated, the West Australia/China iron ore conference trade presently sees increased volumes. Values for Pacific rounds are nevertheless at far below operating expenses, and best case at a nominal USD 3,300/day. Period activity is moderate and interest remains cautious, with representative recent conclusions including 174,000/2006 spot China fetching USD 12,700 basis 8-9 months and 179,000/2009, also spot China, done basis BCI AVE5TC + 3 pct.
 
Panamax
Panamax segment, Fearnleys  says, slightly stronger numbers in both basins this week, with the North Atlantic having the better uptick, and a more sliding market in the East. For a transatlantic trip, Kamsarmaxes (82,500 dwt) currently earn around USD 9,000, while short front hauls from the UK/Continent-region are priced at the high USD 18,000s. The report also said, from East Coast South America to China, charterers are willing to pay around USD 11,000 DOP Singapore for a round trip. A transpacific round voyage in the East pay ship owners around USD 7,500, and the Baltic 4TC-Index is up 96 points since last week, now at 961 points.
 
Supramax
According to Fearnleys latest weekly Report, the Supramax segment is still remaining positive, with lack of tonnage in certain areas pushing rates upwards. 
 
The Continent market has been very tight, and remains firm although with bit more tonnage available compared to last week. From ECSA TA's paying around USD 16,500 to the Mediterranean, and around USD 14,000+400k gbb for front haul. In the\ Indian Ocean, ships fixing around USD 12,500+250k gbb to China, while further east Indonesia/China RV paying around USD 7,000 from Singapore.


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Recent News

Saturday, 21 March 20
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Friday, 20 March 20
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Low-sulphur fuels accounted for 84% of total February sales in Singapore, slightly up from 83% in January. The sale of low-sulphur fuel oil (LSFO) ...


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