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

 

 

Friday, 21 October 2016 13:28

Market Report - October 21, 2016

 

    Capesize        Panamax           Supramax 
Index           1575          915         700       
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

 

 

Friday, 14 October 2016 09:24

Market Report - October 14, 2016

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, 

    Capesize        Panamax           Supramax 
Index           2018          819         674       
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

 

 

Friday, 07 October 2016 09:22

Market Report - October 7, 2016

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.  

    Capesize        Panamax           Supramax 
Index           2245          717         677       
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.

Friday, 30 September 2016 08:35

Market Report - September 30, 2016

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.

    Capesize        Panamax           Supramax 
Index           2008          726         679       
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.
 

Friday, 23 September 2016 13:04

Market Report - September 23, 2016

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.  

    Capesize        Panamax           Supramax 
Index           2383          722         671       
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

 

Friday, 16 September 2016 00:26

Market Report - September 16, 2016

Capes continue to be active despite a drop in trade and rates following holidays in the East. Panamax trading remains weak as Brazil trading struggles to improve boosted only by steady rates in the US Gulf.  Supra trading remains strong in Asia particularly for coal trading from Indonesia.

    Capesize        Panamax           Supramax 
Index           1487          645         661       
One week ago          1566          658         588
Spot time charter       $    9,618/day       $  5,173/day  $  6,917/day
One week ago    $  10,649/day  $  5,280/day  $  7,198/day

 

 

Thursday, 08 September 2016 12:54

Market Report - September 9, 2016

The capesize index rose 40% over the past week as demand to ship Brazilian and Western Australian iron ore to China picked up.

    Capesize        Panamax           Supramax 
Index           1566          658         588       
One week ago          1054          644         721
Spot time charter       $  10,649/day       $  5,280/day  $  7,198/day
One week ago    $   7,191/day  $ 5,157/day  $  7,537/day

Friday, 02 September 2016 14:14

Market Report - September 2, 2016

Despite some hope of limited increase in Chinese demand for iron ore, the evidence increasingly points to freight rates in the dry bulk market moving sideways before moving up again in the final quarter of this year, says BIMCO.

 

  Capesize    

   Panamax        

  Supramax 

Index 

         1054

      644

        721

One week ago

         1001

      687

        715

Spot time charter     

 $   7,191/day     

 $ 5,157/day 

$  7,537/day 

One week ago  

 $   6,921/day

 $ 5,500/day 

$  7,481/day

 

Friday, 26 August 2016 10:56

Market Report - August 26, 2016

Panamax bulker rates started to ease in the past week amid slowing grains shipments from South America where the harvest season is coming to an end. Capesize earnings rose to the highest level in almost five weeks, propped up by increased shipments of iron ore from Brazil and Australia.

 

  Capesize    

   Panamax        

  Supramax 

Index 

         1001

      687

        715

One week ago

          843

      727

        686

Spot time charter     

 $   6,921/day     

 $ 5,500/day 

$  7,481/day 

One week ago  

 $   5,846/day

 $ 5,814/day 

$  7,173/day

 

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