Fearnleys Weekly - Dry bulk

Chartering - Supramax

Both basins have remained fairly flat, could say slightly to the negative. A quiet start of the week in the Pacific with holidays in Singapore. Indo/China coal fixing low USD 9000 delivery Singapore. Nickle ore rounds via Philippines to China fixing mid/high USD 9000.The Bsea has softened a bit from last week, however still a few enquires out, mid USD 16,000 going through. Fronthaul fixing high USD 9000+200k BB, however little fixing taking the enquires into consider.

Chartering - Panamax

Another active week with increasing rates in both hemispheres for the Panamaxes. The Atlantic market is again the region that keep the momentum up, especially within the north Atlantic where a tight supply of tonnage is pushing TA rates at around mid 10k’s, Baltic rounds in the region 12k’s and FH rates close to 17k’s. The sentiment in Asia remain positive with a transpacific RV at around 9k’s and the activity appears to be steady despite a holiday disrupted week in Asia. All in all, the short term outlook for the Panamax market remain positive. There is still a lot of expectations in the FFA market; Sep is priced at low 10k’s, while Q4 is now priced at around mid 10k’s on the P4TC index.

Chartering - Capesize

A volatile week where the general sentiment has been somewhat better than the actual market. Despite of this, rates are at decent levels and towards end of this period there was an improvement with c3 reaching 14.5 pmt for September dates. Short period levels are around 15,000 levels.

Activity level

Capesize Panamax Supramax
Firmer Firming Slower

Rates

CAPESIZE (usd/day, usd/tonne) This week Last week Low 2017 High 2017
TCT Cont/Far East (180' dwt) 26,200.00 23,300.00 12,000.00 35,000.00
Tubarao / R.dam (Iron ore) 6.70 5.80 4.00 8.25
Richards Bay/R.dam 5.80 5.20 4.00 7.60
PANAMAX (usd/day, usd/tonne)
Transatlantic RV 10,500.00 9,600.00 5,600.00 14,800.00
TCT Cont / F. East 16,500.00 16,000.00 11,600.00 21,000.00
TCT F. East / Cont 3,200.00 3,000.00 2,500.00 8,600.00
TCT F. East RV 8,500.00 7,800.00 2,500.00 12,000.00
Murmansk b.13-ARA 15/25,000 sc 7.00 6.00 5.00 7.45
SUPRAMAX (usd/day)
Atlantic RV 8,250.00 9,250.00 8,250.00 12,000.00
Pacific RV 7,600.00 7,750.00 3,900.00 9,200.00
TCT Cont / F. East 12,800.00 13,500.00 12,000.00 18,000.00
1 YEAR T/C (usd/day)
Capesize 180,000 dwt 15,000.00 15,000.00 10,250.00 16,500.00
Capesize 170,000 dwt 13,500.00 13,500.00 8,650.00 14,250.00
Panamax 75,000 dwt 9,250.00 9,500.00 7,250.00 12,400.00
Supramax 53,000 dwt 8,700.00 8,750.00 6,600.00 9,300.00
Baltic Dry Index (BDI): 1050 previous week: 993

Sales and purchases

Vessel Size Built Buyer Price Comm.
Cape Liberty 185 900 2005 Goodbulk/CTM 19,00
Asterix 179 400 2010 Navios 29,50
United World 82 000 2013 JP Morgan Global Maritime 21,50
Midland Sky 81 500 2010 Songa Bulk 18,00
Smooth Velocity 81 684 2014 Chinese 17,00
Star of Sawara 76 600 2008 Undisclosed 13,50
ABY Diva 76 600 2007 Undisclosed 12,70
Fortune East 75 615 2000 Chinese Undisclosed
Levantes 76 000 2001 Chinese 8,20
U Lucky 57 000 2011 Undisclosed 11,00
Desert Serenity 54 300 2008 Undisclosed 9,25
Chrina 52 800 2001 Chinese 7,50
Capetan Vassilis 51 200 2003 Chinese 6,90
In Iwagi 61 411 2014 German (Oldendorff) 18,60
Privsea 55 000 2007 Undisclosed 9,50
ATA M 53 098 2003 Undisclosed 8,00
Liberty Prrudencia 52 191 2003 Undisclosed 3,50
Voula Seas 28 500 2002 Chinese 5,30