Market stalls after long Panamax rally – 12-Dec-2016

Panamaxes pass their peak in current cycle
Positive trends evaporate on the Panamax front as the long-running gains in the Atlantic come to an end, albeit one that may well resume at the beginning of next week if positive factors remain. (p. 1)

Pacific Handy bulk sees lull in spot demand
Standard Pacific rounds have settled at about US$ 5,750 daily, which is some US$ 100 lower than a week before. (p. 2)

Coasters: Turkish Med in ascendance
Mineral imports from Tuapse to Iskenderun on 5,000mt (53′) shipments are now securing low US$ 20s/mt of US$ 21-22/mt. (p. 2)

…. read more in today’s BMTI Daily Report

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