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

 

Friday, 25 November 2016 06:35

Market Report - November 25, 2016

The Baltic Dry Index decreased by 20 points, reaching 1181 points.  

    Capesize        Panamax           Supramax 
Index           2263         1389         908       
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

 

Friday, 18 November 2016 09:25

Market Report - November 18, 2016

The Baltic Dry Index rose to 1257 today 

    Capesize        Panamax           Supramax 
Index           2752         1388         809       
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

 

Thursday, 10 November 2016 20:57

Market Report - November 11, 2016

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. 

    Capesize        Panamax           Supramax 
Index           2303         1011         705       
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

 

Thursday, 03 November 2016 16:14

Market Report - November 4, 2016

 The Baltic Dry Index climbed by 6 points, reaching 855 points.

    Capesize        Panamax           Supramax 
Index           1593          885         716       
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

 

Friday, 28 October 2016 14:34

Market Report - October 28, 2016

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.

    Capesize        Panamax           Supramax 
Index           1248          921         719       
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

 

 

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