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.
|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|
As some are expecting the dry bulk market to be in for a rebound, the demand for second hand bulkers is intensifying.
|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|
|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|
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.
|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|
|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|
|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|
|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.
|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.
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.
|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|
|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|
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.
|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|
|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|
The Baltic Dry Index decreased by 20 points, reaching 1181 points.
|One week ago||2752||1388||809|
|Spot time charter||$ 14,882/day||$ 11,083/day||$ 9,498/day|
|One week ago||$ 19,364/day||$ 11,074/day||$ 8,456/day|
The Baltic Dry Index rose to 1257 today
|One week ago||2303||1011||705|
|Spot time charter||$ 19,364/day||$ 11,074/day||$ 8,456/day|
|One week ago||$ 16,269/day||$ 8,075/day||$ 7,370/day|
Capesize bulker earnings have risen by over 40% over the past week, supported by healthy vessel demand resulting in tonnage tightness in both the Pacific and the Atlantic basins.
|One week ago||1593||885||716|
|Spot time charter||$ 16,269/day||$ 8,075/day||$ 7,370/day|
|One week ago||$ 10,141/day||$ 7,078/day||$ 7,490/day|
The Baltic Dry Index climbed by 6 points, reaching 855 points.
|One week ago||1248||921||719|
|Spot time charter||$ 10,141/day||$ 7,078/day||$ 7,490/day|
|One week ago||$ 7,763/day||$ 7,369/day||$ 7,514/day|
There has been no improvement in the Cape market due to a slowdown in the coal markets particularly in Brazil. Panamax rates in the Pacific have improved slightly due to a sudden shortage in tonnage with rates around $7,000. Supra rates in the Pacific have dropped slightly to levels around $6,800 for a short period with strong stems reported from Indonesia.
|One week ago||1575||915||700|
|Spot time charter||$ 7,763/day||$ 7,369/day||$ 7,514/day|
|One week ago||$ 9,659/day||$ 7,324/day||$ 7,320/day|