Handy Bulk Viewpoint from BMTI (19 Oct 2018)

Despite an overall widespread buoyant sentiment some brokers are warning that Supra-Ultra rates off the Continent could be facing a downturn from an already comparatively low level. On the other hand, Ultramax tonnage was concluded at US$ 18,000 per day from North France via West Med to West Africa, whilst scrap charterers do not need to pay more than around US$ 13,000 daily for trips into the Med. Handysize tonnage of 37-39,000 dwt has been fixed at US$ 12,000 daily to the ECSA and at US$ 11,000 daily to the US Gulf, respectively. A 37,000 dwt was recently fixed at US$ 12,000 daily into the Med…. Subscribe to the BMTI Daily Report to read the rest of this article.

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