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

 

Friday, 19 August 2016 12:59

Market Report - August 19, 2016

The capesize bulker market encountered strong volatility this week, with rates still supported by remarkably strong Chinese demand for iron ore from Australia. Fourth quarter is expected to see some improvements for capesize and panamax bulk carriers with signs of iron ore, coal and grain trade improvements.

 

  Capesize    

   Panamax        

  Supramax 

Index 

          843

      727

        686

One week ago

          891

      703

        643

Spot time charter     

 $   5,846/day     

 $ 5,814/day 

$  7,173/day 

One week ago  

 $   6,236/day

 $ 5,625/day 

$  6,720/day

Trans-Pacific spot rates in both directions fell for a third straight week for container carriers.  The rate for shipping a 40-foot container from Shanghai to the US West Coast fell 4 percent from the prior week to $1,158 according to the Shanghai Shipping Exchange.

Friday, 12 August 2016 14:02

Market Report - August 12, 2016

Capesize earnings rose by more than $500 in the week, putting an end to recent sliding values. This is attributed to a burst of activity from Australian miners ensured higher rates in the Pacific — the highest rates, in fact, since mid-July. Panamax rates have bounced back from a five-week low last week, pulled up predominantly by grains movements from the US. The smaller-sized bulkers have outperformed the larger capesize vessels, mainly iron ore and coal carriers, that were plagued by higher fleet growth and slower demand for shipments. The smaller-sized vessels are flexible in the types of cargo they carry. 

 

  Capesize    

   Panamax        

  Supramax 

Index 

          891

      703

        643

One week ago

          770

      640

        647

Spot time charter     

 $   6,236/day     

 $ 5,625/day 

$  6,720/day 

One week ago  

 $   5,446/day

 $ 5,122/day 

$  6,769/day


 

Friday, 05 August 2016 12:35

Market Report - August 5, 2016

 

 

  Capesize    

   Panamax        

  Supramax 

Index 

          770

      640

        647

One week ago

          768

      692

        671

Spot time charter     

 $   5,446/day     

 $ 5,122/day 

$  6,769/day 

One week ago  

 $   5,450/day

 $ 5,500/day 

$  7,000/day



 

Friday, 29 July 2016 13:06

Market Report - July 29, 2016

 

 

  Capesize    

   Panamax        

  Supramax 

Index 

          768

      692

        671

One week ago

          895

      827

        699

Spot time charter     

 $   5,450/day     

 $ 5,500/day 

$  7,000/day 

One week ago  

 $   6,500/day

 $ 6,600/day 

$  7,300/day

 Containers: Drewry’s latest Hong Kong-Los Angeles container rate benchmark lost 12.1% during the week to $1,093 per loaded 40 ft container. This compares with over $1,200 a year ago, a drop of 10.3%, with Drewry predicting further rate declines in the coming week.

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