The Capesize market closed the week on a distinctly firmer footing, with gains building across both basins. The BCI 5TC advanced steadily, rising from just over $26,000 at the start of the week to $28,504 by close of play. The Pacific regained strength after a soft start, supported by consistent miner activity and a notable pickup in coal demand, with C5 rates gradually firming into the $10.90–$11.00 range as the week progressed. In the Atlantic, the picture was more nuanced. From South Brazil and West Africa to China, the market retained a clear contango structure, with early October weighed down by supply, while demand later in the month prompted vessels to position for forward laycans. As the prompt window cleared, sentiment improved, with C3 fixtures reported closer to $25. The North Atlantic also showed resilience, with healthy fronthaul demand and transatlantic activity driving notable gains on the back of tightening tonnage availability.
Panamax
Another softer week for the Panamax market as owners continued to feel
the recent pressure, particularly in the Atlantic basin where owners’
resistance was hard to find with early tonnage and ballaster tonnage
continuing to discount. The P1A route saw a dramatic correction as
demand fell away, losing circa $4,000 week-on-week. Activity ex EC South
America was minimal for index arrival dates, with earlier date arrivals
heavily discounted this despite a sizeable number of deals concluded by
grain houses. Asia returned good demand overall, rates appeared to have
found a floor mid-week with owner’s resistance appearing more
substantiated. Rates of low $14,500’s were seen on index duration trips
on index types, whilst much of the Indonesia demand continued to be
absorbed by smaller/older tonnage rates hovered around the low-mid
$13,000’s mark all week. Period activity was minimal, although reports
emerged of an 81,000-dwt delivery Thailand fixed for 2 years, index
linked at 112% to the BPI82 index.
Ultramax/Supramax
Mixed fortunes for the owing side this week depending upon where vessels
were open. Overall, the Atlantic maintained a healthy volume of demand
both from the North and South Atlantic, although as the week came to a
close sentiment was a little low from South America. From the US Gulf a
63,000-dwt was heard for 2 to 3 laden legs redelivery Singapore-Japan at
$26,000. Further south, a 63,000-dwt was heard fixed basis delivery EC
South America for a trip China at $16,500 plus $650,000 ballast bonus.
Elsewhere a 52,000-dwt was fixed basis delivery West Africa for a trip
via Kamsar redelivery Ireland at $18,750. A different story from the
Asian arena despite demand being seen from the north for backhaul
business sentiment was rather negative. A 56,000-dwt was fixed basis
delivery Surabaya for a trip via Indonesia redelivery WC India at
$17,000. Whilst north, a 64,000-dwt was fixed from North China to West
Africa at $18,000 but this included steels.
More Info : All Types Of Marine Crew
Get More Info : Jobs On Ships
Website : https://seajob.net/
Contact Us : Crewing Assistance
No comments:
Post a Comment