Friday, 15 July 2016 13:34

Market Report - July 15, 2016

 The Baltic Capesize Index increased to 1,023 points from 1,002. However, the gains in cape rates were lagging behind smaller sizes of bulkers, which had been boosted by grain and coal trades this month, as only one Australian miner was active in the Pacific basin last week. The spot price for iron ore delivery into China has risen to its highest in more than two months with fresh announcements of an one-week production cut in Tangshan, according to media reports.

 

  Capesize    

   Panamax        

  Supramax 

Index 

        1023

      863

        693

One week ago

        1002

      792

        647

Spot time charter     

 $   7,550/day     

 $ 6,900/day 

$  7,250/day 

One week ago  

 $   7,150/day

 $ 6,325/day 

$  6,750/day

 

 

Friday, 08 July 2016 14:18

Market Report - July 8, 2016

 

 

  Capesize    

   Panamax        

  Supramax 

Index 

        1002

      792

        647

Two weeks ago

         913

      585

        583

Spot time charter     

 $   7,150/day     

 $ 6,325/day 

$  6,750/day 

Two weeks ago  

 $   6,500/day

 $ 4,700/day 

$  6,100/day

 

 

 

Friday, 24 June 2016 10:45

Market Report - June 24, 2016

Capesize freight rates declined steadily this week as fixtures dried up in both the Pacific and Atlantic trade. The number of spot fixtures fell drastically to just 17 this week from 45 a week earlier, Clarksons data showed.

 

  Capesize    

   Panamax        

  Supramax 

Index 

          913

      585

        583

One week ago

        1006

      543

        557

Spot time charter     

 $   6,500/day     

 $ 4,700/day 

$  6,100/day 

One week ago  

 $   6,500/day

 $ 4,350/day 

$  5,800/day

Containers: Drewry’s weekly Hong Kong container rate benchmark was down $55 per 40 ft box this week to $693. That compares with $1,318 a year ago, a loss of more than 47% in 12 months, although rates have been lower in the interim, briefly touching $623 in April. Drewry said it expected rates to soften further in the coming week before the next round of general rate increases planned for July 1.

 

 

Friday, 17 June 2016 08:06

Market Report - June 17, 2016

 The Baltic Capesize Index fell back below 1,000 points this week, attributed in part to lower bunker prices and a slowdown in activity.

 

  Capesize    

   Panamax        

  Supramax 

Index 

        1006

      543

        557

One week ago

         927

      546

        555

Spot time charter     

 $   6,500/day     

 $ 4,350/day 

$  5,800/day 

One week ago  

 $   7,250/day

 $ 4,300/day 

$  5,800/day

 

 

 

Friday, 10 June 2016 13:35

Market Report - June 10, 2016

The Baltic's Capesize Index swept above 1,000 points for the first time in a month on Friday, led by gains in the Pacific as strong demand for vessels to ship iron ore from Australia continued. Iron ore exports from Port Hedland in western Australia rose 4% to 39.4m tonnes in May versus a year earlier. Shipments to China, its main destination, fell 0.1% to 31.66m tonnes, while higher volumes were sent to Korea and Japan.

 

  Capesize    

   Panamax        

  Supramax 

Index 

        1006

      543

        557

One week ago

         913

      550

        574

Spot time charter     

 $   7,250/day     

 $ 4,300/day 

$  5,800/day 

One week ago  

 $   6,750/day

 $ 4,400/day 

$  6,000/day

Friday, 03 June 2016 11:55

Market Report - June 3, 2016

 

 

  Capesize    

   Panamax        

  Supramax 

Index 

         913

      550

        574

One week ago

         830

      582

        579

Spot time charter     

 $   6,750/day     

 $ 4,400/day 

$  6,000day 

One week ago  

 $   6,400/day

 $ 4,650/day 

$  6,000/day

 

 

Friday, 27 May 2016 16:25

Market Report - May 27, 2016

The cooling off trend continued in the capesize market this week, with the Baltic Index dropping 40 points. The average weighted time charter rate also declined to $6,346 per day from $6,981 on May 20.

 

  Capesize    

   Panamax        

  Supramax 

Index 

         830

      582

        579

Two weeks ago

         870

      614

        562

Spot time charter     

 $   6,400/day     

 $ 4,650/day 

$  6,000day 

Two weeks ago  

 $   7,000/day

 $ 4,900/day 

$  5,850/day

 

 

Friday, 20 May 2016 13:45

Market Report - May 20, 2016

 

 

  Capesize    

   Panamax        

  Supramax 

Index 

         870

      614

        562

Two weeks ago

         798

      597

        553

Spot time charter     

 $   7,000/day     

 $ 4,900/day 

$  5,850/day 

Two weeks ago  

 $   6,300/day

 $ 4,750/day 

$  5,800/day

 

 

Friday, 13 May 2016 12:18

Market Report - May 13, 2016

The Baltic Dry Index (BDI) declined week-over-week, with Capesize earnings off 22 percent to $6.6K/day and Panamax earnings down 8 percent to $6.2 K/day. However, this is expected to improve as capesize chartering activity was up 17 percent week-over-week last week and up 14 percent year-over-year: 64 percent will carry iron ore (vs. 76 percent the previous week) and 33 percent will carry coal (vs. 10 percent the previous week).

 

  Capesize    

   Panamax        

  Supramax 

Index 

         798

      597

        553

Two weeks ago

         892

      591

        578

Spot time charter     

 $   6,300/day     

 $ 4,750/day 

$  5,800/day 

Two weeks ago  

 $   7,025/day

 $ 4,725/day 

$  6,050/day

 

 

Friday, 06 May 2016 14:23

Market Report - May 6, 2016

Capesize rates have been slashed by around 20% over the past week due to a decline in activity due to the Golden Week in Japan and public holidays in many parts of the world.

 

  Capesize    

   Panamax        

  Supramax 

Index 

          892

      591

        578

Two weeks ago

        1137

      685

        578

Spot time charter     

 $   7,025/day     

 $ 4,725/day 

$  6,050/day 

Two weeks ago  

 $   9,000/day

 $ 5,500/day 

$  5,990/day

 

Friday, 29 April 2016 14:05

Market Report - April 29, 2016

 

 

  Capesize    

   Panamax        

  Supramax 

Index 

        1137

      685

        578

Two weeks ago

        1085

      736

        558

Spot time charter     

 $   9,000/day     

 $ 5,500/day 

$  5,990/day 

Two weeks ago  

 $   7,600/day

 $ 5,900/day 

$  5,7500/day

Containers: After three straight weeks of decline, the spot rate for shipping a 40-foot-equivalent unit container from Shanghai to the West Coast shot up 18 percent this week. According to the Shanghai Containerized Freight Index the spot rate to the West Coast this week was $857 per FEU, up from $725 last week. The spot rate to the East Coast was $1,694 per FEU, up from $1,599 last week.

Friday, 22 April 2016 14:03

Market Report - April 22, 2016

The Baltic Capesize Index remained strong through the week, settling at 1,085 points on Friday versus 949 points on April 15. The average weighted time charter rate climbed 16% to $8,216 per day, the highest level since early December.

 

  Capesize    

   Panamax        

  Supramax 

Index 

        1085

      736

        558

Two weeks ago

         949

      727

        525

Spot time charter     

 $   7,600/day     

 $ 5,900/day 

$  5,750/day 

Two weeks ago  

 $   7,075/day

 $ 5,800/day 

$  5,1500/day

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