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.

Friday, 22 July 2016 19:29

Market Report - July 22, 2016

Due to oversupply capesize rates are down 14% over the week with the time charter average falling 13.9% to close at $6,498 per day on July 22, its lowest in nearly a month. According to Lloyd's List Intelligence data, the number of laid-up capesize vessels was down to 47 at the beginning of July versus 64 in January this year.

    Capesize        Panamax           Supramax 
Index            895       827         699
One week ago         1023       863         693
Spot time charter       $   6,500/day       $ 6,600/day  $  7,300/day 
One week ago    $   7,550/day  $ 6,900/day  $  7,250/day

Tankers:  Lloyd's reports that charter rates for product tankers have dropped to one-third of mid-2015 rates and analyst are speculating that rates will soften even further in the second half of this year with new tonnage still to hit the market in 2016.  Since the beginning of the year 60 product tankers over 20,000 dwt have been delivered.


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

 

 

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