Friday, 24 February 2017 13:17

Market Report - February 24, 2017

Transpacific dry bulk trades are starting to push the freight market to new heights recently. Chinese exports showed a year-on-year rise for the first time in ten months, while South Korea has been showing increased figures in exports for the past three months in a row. 

        Capesize          Panamax            Supramax 
Index           1165            947         809       
One week ago            739          917         729
Spot time charter       $     9,358/day       $    7,613/day   $   8,461/day    
One week ago    $     6,130/day  $    7,359/day   $   7,622/day

 

Friday, 17 February 2017 14:48

Market Report - February 17, 2017

As some are expecting the dry bulk market to be in for a rebound, the demand for second hand bulkers is intensifying.  

        Capesize          Panamax            Supramax 
Index             739            917         729       
One week ago            687          943         672
Spot time charter       $     6,130/day       $    7,359/day   $   7,622/day    
One week ago    $     5,363/day  $    7,556/day   $   7,022/day

 

Friday, 10 February 2017 13:35

Market Report - February 10, 2017

 

        Capesize          Panamax            Supramax 
Index             687            943         672       
One week ago            981          922         667
Spot time charter       $     5,363/day       $    7,556/day   $   7,022/day    
One week ago    $     7,381/day  $    7,374/day   $   6,978/day

 

Friday, 03 February 2017 13:32

Market Report - February 3, 2017

 Today the Baltic Dry Index feel 18 points reaching 752 points.  Freight rates for large capesize dry cargo vessels on key Asian routes are likely to hold around the current levels next week on ample tonnage supply even as chartering activity is likely to increase following the end of the Chinese New Year holidays. 

        Capesize          Panamax            Supramax 
Index              981          922         667       
One week ago          1239          968         692
Spot time charter       $     7,381/day       $    7,374/day   $   6,978/day    
One week ago    $     8,987/day  $    7,743/day   $   7,233/day

 

Friday, 27 January 2017 13:15

Market Report - January 27, 2017

 

        Capesize          Panamax            Supramax 
Index           1239          968         692       
One week ago          1610          970         718
Spot time charter       $     8,987/day       $    7,7343/day   $   7,233/day    
One week ago    $   11,915/day  $    7,743/day   $   7,513/day

 

Friday, 20 January 2017 13:38

Market Report - January 20, 2017

 

        Capesize          Panamax            Supramax 
Index           1610          970         718       
One week ago          1383        1042         739
Spot time charter       $   11,915/day       $    7,743/day   $   7,513/day    
One week ago    $   10,343/day  $    8,312/day   $   7,729/day

 

Friday, 13 January 2017 11:24

Market Report - January 13, 2017

 

        Capesize          Panamax            Supramax 
Index           1383        1042         739       
One week ago          1759          837         795
Spot time charter       $   10,343/day       $    8,312/day   $   7,729/day    
One week ago    $   13,176/day  $    6,692/day   $   8,310/day

Containers:  Container shipping spot rates hit a 20-month high this week on the major east-west liner trades and have risen above the average of the past five years, according to Drewry Shipping Consultants.The spot rate for shipping a 40-foot container from Asia to the United States jumped from the prior week, strengthening into a three-week rally as carriers keep capacity tight and importers restock ahead of factory slowdown two weeks away.   Spot rates to both coasts are now more than 35 percent higher.

Friday, 06 January 2017 12:31

Market Report - January 6, 2017

 

        Capesize          Panamax            Supramax 
Index           1759          837         795       
Two weeks ago          1385          852         903
Spot time charter       $   13,176/day       $    6,692/day   $   8,310/day    
Two weeks ago    $   10,078/day  $    6,826/day   $   9,445/day

Containers:  Container shipping spot rates hit a 20-month high this week on the major east-west liner trades and have risen above the average of the past five years, according to Drewry Shipping Consultants. At the end of 2016 the spot rates were up more than 20 percent over last year in the trans-pacific trade.

Friday, 23 December 2016 00:15

Market Report - December 23, 2016

The Baltic Dry Index closed the year in a much stronger position, thanks to a recovery in the capesize sector, which saw healthy volumes of iron ore from Brazil to China resume. However, ass the year comes to a close the Cape market continues to slow down due to excess tonnage and limited stems in the East despite a more positive Atlantic fronthaul market.  The Panamax market has been difficult with charterers willing to wait for more favourable rate conditions before committing to vessels. Supramax are experiencing a more active finish to the year in Asia with some charterers favouring period commitments particularly in the Pacific.

        Capesize          Panamax            Supramax 
Index           1385          852         903       
One week ago          1048         1126         960
Spot time charter       $   10,078/day       $    6,826/day   $   9,445/day    
One week ago    $    6,729/day  $    8,994/day   $ 10,034/day

 

Friday, 16 December 2016 16:21

Market Report - December 16, 2016

 

        Capesize          Panamax            Supramax 
Index           1048         1126         960       
One week ago          1575         1508         966
Spot time charter       $    6,729/day       $    8,994/day   $ 10,034/day    
One week ago    $    9,342/day  $  12,023/day   $ 10,099/day

 

Friday, 09 December 2016 11:13

Market Report - December 9, 2016

The Capesize index took a tumble this week with earning down 27% over last week.  Rates may fall further next week as prospects for a pre-Christmas rally fade with ship supply outpacing cargo demand.

        Capesize          Panamax            Supramax 
Index           1575         1508         966       
One week ago          2193         1508         921
Spot time charter       $      9,342/day       $  12,023/day   $ 10,099/day    
One week ago    $    14,061/day  $  12,029/day   $  9,634/day

 

Friday, 02 December 2016 11:22

Market Report - December 2, 2016

 

        Capesize          Panamax            Supramax 
Index           2193         1508         921       
One week ago          2263         1389         908
Spot time charter       $    14,061/day       $  12,029/day   $  9,634/day    
One week ago    $    14,882/day  $  11,083/day   $  9,498/day

 

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