|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|
|One week ago||2018||819||674|
|Spot time charter||$ 9,659/day||$ 7,324/day||$ 7,320/day|
|One week ago||$ 12,744/day||$ 6,559/day||$ 7,049/day|
Freight rates for capesize vessels are expected to continue its slide into next week as the number of ships available for charter outpaced cargo demand,
|One week ago||2245||717||677|
|Spot time charter||$ 12,744/day||$ 6,559/day||$ 7,049/day|
|One week ago||$ 14,622/day||$ 5,645/day||$ 7,090/day|
Despite holidays in China and Korea that were expected to put a damper on sentiment, capesize earnings shot up again, thanks to relentless iron ore shipments. In the Atlantic, a shortage of ships in the short term has resulted in stronger rates. The weighted time charter average on the Baltic Exchange rose 10.5% in the week to $14,443 per day on Thursday, while the Capesize Index increased by 151 points to 2,218 points.
|One week ago||2008||726||679|
|Spot time charter||$ 14,622/day||$ 5,645/day||$ 7,090/day|
|One week ago||$ 12,710/day||$ 5,815/day||$ 7,102/day|
Breakbulk: The breakbulk and project cargo sector remain weak, with little suggestion that volumes will improve as operators of breakbulk ships are being squeezed with increased competition from both the operators of container ships and simple bulk ships.
Containers: The second quarter results published by recently Alphaliner show that the average operating margin of the 13 major container carriers fell to -9.2%, down from -5.5% recorded in the first quarter. The weak performance is expected to persist in the second half, despite a recovery in freight rates recorded in the third quarter, following the withdrawal of Hanjin Shipping’s services in September. While the situation looks dire for many carriers, Alphaliner is optimistic that another Hanjin-style collapse is not imminent.
Factories in China will shut down for Golden Week that begins on 1 October and is the traditional end of the peak season on the Asia-Europe trade. Business will pick up again after Christmas as shippers get their cargo moving before an early Chinese New Year that falls on 28 January.
|One week ago||2383||722||671|
|Spot time charter||$ 12,710/day||$ 5,815/day||$ 7,102/day|
|One week ago||$ 15,301/day||$ 5,611/day||$ 6,982/day|
Second-hand prices of Supramax and Panamax segments, as they are currently the most attractive candidates in the second-hand market as ship owners are looking to expand their fleet with modern tonnage while prices are still low in view of the recent upswing in the market.
Capesize earnings have spiked to a 13-month high with time charter averages reaching $15,000 per day as a result of tonnage tightness in the Atlantic market. Some speculate that these rates will continue to rise ahead of China's week-long National Day holiday.
|One week ago||1487||645||661|
|Spot time charter||$ 15,301/day||$ 5,611/day||$ 6,982/day|
|One week ago||$ 9,618/day||$ 5,173/day||$ 6,917/day|