Charterers regain upper hand in freight talks (12 Dec 2018)

Panamaxes cheaper than Ultramaxes on trips from ECSAUltramax at sunset
The ECSA has been steady with Ultramaxes fixed at US$ 15,250 daily plus US$ 525,000 BB whilst Pana- maxes have been cheaper; hence chars are trying to change to Panamaxes whenever possible. (p. 1)

Eastern Handysize rates stay in the doldrums
Owners of 32,000 dwt tonnage were talking middle US$ 5,000 daily for a trip from China to USWC. (p. 1)

Scrap prices correcting as Turkish mills buy less
Spot market prices for scrap metal in Europe took a sharp fall last week in sync with falling steel prices and cooling demand to Turkish steel mills. (p. 2)

For more of BMTI’s daily shipping analysis, subscribe to the BMTI DAILY REPORT today.

Comments are closed.