Premium freights in Baltic ice conditions (11 Jan 2017)

Posted on by November 18, 2021

Ice conditions bring premiums in Baltic Sea trade
Owners prepared to face ice can command nice premium rates, like around US$ 10,000 daily even with UK delivery and via St. Petersburg to USG-USEC for 40,000 dwt tonnage. (p. 1)

Revival in USG Handy bulk trades
Several Handysizes have been fixed from the US Gulf to the UKC-Med at rates in the low-mid teens of US$ 13-14,000. (p. 1)

Coasters: Azov owners see 2016 rates as sub-par
Ships employed from deep sea water ports earned an average of US$ 250 daily lower than in 2015 and US$ 500 daily lower than in 2014. (p. 2)

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Pacific Handy freights struggling (6 Jan 2017)

Posted on by November 18, 2021

Atlantic Panamax trends remain positive
An obvious recovery in Atlantic sentiment is afoot with strong upgrades noted on both trans-Atlantic and front haul business with upwards of US$ 500 added to both runs, taking them to US$ 7,500 daily and US$ 12,000 daily, respectively. (p. 1)

Eastern Handy bulk freights under pressure
For Indonesia to New Zealand rates have dropped to around US$ 11.0-11.5/mt. (p. 2)

Oil gains after Saudi Arabia cuts production
Global prices for crude oil closed higher on Thursday after intra-day fluctuations. (p. 5)

Continue reading in today’s BMTI Daily Report.

Capesize rates rocket while others fall (4 Jan 2017)

Posted on by November 16, 2021

Rates surge for Capes as 2017 business begins
Starting the year with a bang, Capesize rates surge by as much as US$ 2,000 from their pre-holiday levels to put the Pacific round voyage back into the five digits of US$10,000 daily plus on 180,000 dwt ships. (p. 1)

Coasters: Volatility in Black Sea long hauls
Long runs to the Egyptian Med (grains of 5,000mt on 46′ stowage) are getting freights of US$ 37/mt and US$ 38/mt from Azov and Rostov, respectively. (p. 2)

Turkish scrap imports grow nearly 11% in 2016
Imports of scrap metal from the US, still Turkey’s top supplier, declined by 8.6% in the 11 months to 3.1 Mt while those from Russia, Turkey’s second-biggest supplier, rose by 7.9% to 2.4 Mt. (p. 2)

…continue reading in today’s BMTI Daily Report.

Dry bulk traders see grounds for optimism (3 Jan 2017)

Posted on by November 16, 2021

Reasons for optimism in commodities market
Global steel output was 132.4 Mt in November, up 5% year-on-year and the strongest YoY gain since March 2014. If China continues to move the needle higher, the Pacific basin may see a recovery in dry bulk demand that could push into Chinese New Year. (p. 1)

Coasters: Owners anticipate 2017 momentum
Some late year improvement in rates can be attributed to the holiday rush, but just as much can be reasonably credited to rising cargo demand. (p. 1)

Containership S&P prices fell year-on-year
Secondhand prices on average fell more than 20% during 2016 with the sizes between 3,000 and 10,000 TEU in particular seeing a greater drop. (p. 2)

…continue reading in today’s BMTI Daily Report.