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- Bulker Update by BMTI’s London Shipbroker (12 Aug 2020)
It’s been a quiet start to the week for the Capesizes. Some activity on trans-Atlantic routes and a restricted tonnage supply have kept rates steady from the North Atlantic. On the front haul market, brokers heard levels being discussed out of Brazil were showing some improvement despite brokers reporting a lengthy list of ballasters but fixture details were not forthcoming. A long weekend in Singapore has seen a slower start to the week in the Pacific. Rates appear to have softened against the backdrop of low activity but brokers remained hopeful that more enquiry will be forthcoming later in the week, West Australia to Qingdao was heard to have fixed in the low US$ 8s/mt for end August dates.
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The free samples below will show you BMTI’s editorial performance in dry-cargo market research and reporting. For any more comprehensive archive investigation please contact BMTI with your request.
Iron ore shipments from Australia’s Port Hedland totaled 43.6 million tons in July, a record for that month, according to Pilbara Ports Authority data.
The narrowing of the price gap betw LSFO and HSFO means that the spot market earnings differential for a capesize #bulker (scrub vs. no scrub) on 3 Jan compared to 7 Aug this year have declined from $7,626/day to $1,095/day. #imo2020 @Splash_247
@MabuxAB
https://www.bimco.org/news/market_analysis/2020/20200813containerships_overtake_crudeoil_tankers_scrubber
Panamax positivity highlight in otherwise uncertain dry bulk market. #drybulk #maritime #drycargo #dailysnippet #Capesize #Supramax #Ultramax #Handysize https://www.bmti-report.com/bulker-update-by-bmtis-london-shipbroker-12-aug-2020/
