Fearnleys Weekly - Dry bulk

Chartering - Supramax

More activity from USG , fhauls to Far East have settled around 25k, and to Cont around 20k . Stable gains again in B Sea with grain cargoes being fixed over 20k now to SE Asia. Many Atl cargoes appearing in Cont. Supras have hired around 8k from Cont to Brazil. Usual scrap runs fixed around 17k. Fhaul from ice restricted Baltic ports have collected ca 25k daily. A stable and still active week in Pacific where nickle ore rounds to China ex Philippines are paying Supras around USD 11k. Indo/China coal rounds are paying in the low USD 13k to S.China and high USD 13k further North in China. On the period front Japanese built Supras are able to obtain high USD 12k, while 2 laden legs was fixed at low USD 12k ex CJK.

Chartering - Panamax

A new week with firm rates and a positive sentiment in both hemispheres. However, midweek it seems that the market has taken a breather especially in the Atlantic with a softer mood. More mixed feelings abt the direction in the market has led to a waiting game among owns and chrts with limited activity. TA and FH rates are respectively at levels high 13k’s and mid 19k’s, while Baltic rounds continue to pay a high premium for ice classed vessels due to the ice conditions. The sentiment in Asia appears to remain,despite a softer paper market,slower ECSA trading and less period activity. A transpacific RV is now priced at mid 13k’s,but we expect the rates to decrease in the coming days if we not see more fresh cargoes.

Chartering - Capesize

A slower cape market with less activity in the Pacific and a continuously inactive Atlantic market. The c5 route from West Australia is under pressure with last fixture in the very low 6s pmt. Brazilian iron ore is under pressure as well with less requirements and spot levels in the low 15s pmt. The period market remains relatively well supported with a generally good interest going forward, recently concluded in the low 20,000s per day basis one year for well described ships.

Activity level

Capesize Kamsarmax Ultramax
Slower Mixed Stable


CAPESIZE (usd/day, usd/tonne) This week Last week Low 2018 High 2018
TCT Cont/Far East (180' dwt) 21,300.00 23,000.00 21,300.00 37,000.00
Tubarao / R.dam (Iron ore) 6.40 6.80 6.40 10.00
Richards Bay/R.dam 6.30 6.70 6.30 10.00
PANAMAX (usd/day, usd/tonne)
Transatlantic RV 13,750.00 13,250.00 9,500.00 13,750.00
TCT Cont / F. East 19,500.00 19,000.00 16,500.00 19,500.00
TCT F. East / Cont 5,100.00 5,000.00 4,300.00 5,100.00
TCT F. East RV 13,500.00 12,750.00 9,000.00 13,500.00
Murmansk b.13-ARA 15/25,000 sc 8.55 8.55 7.35 8.55
SUPRAMAX (usd/day)
Atlantic RV 14,200.00 14,000.00 12,000.00 16,000.00
Pacific RV 11,000.00 11,000.00 8,000.00 11,000.00
TCT Cont / F. East 19,500.00 19,500.00 16,000.00 19,500.00
1 YEAR T/C (usd/day)
Capesize 180,000 dwt 19,500.00 19,500.00 17,000.00 19,500.00
Capesize 170,000 dwt 17,000.00 17,000.00 16,000.00 17,100.00
Panamax 75,000 dwt 14,000.00 14,000.00 11,250.00 14,000.00
Supramax 58,000 dwt 12,500.00 12,500.00 10,000.00 12,500.00
Baltic Dry Index (BDI): 1169 previous week: 1191

Sales and purchases

Vessel Size Built Buyer Price Comm.
Alam Penting 87 052 2005 Navios 12,95
Jiangsu Shenghua JSH413 76 900 2011 Chinese 8,60 Unfinished hull, Auction
EM Amber 58 018 2010 Undisclosed 12,00
EM Coral 58 015 2010 12,00
Nandini 56 071 2007 Greek 12,30 DD due
Navios Herakles 52 061 2001 Chinese 8,10