Capesize
On the West Australia front, the week started off with depressed volumes but slowly picked up as we approached mid-week with enquiries from some miners and operators. Players are primarily seeking for first half of August dates, and we see buying activity from operators for second half August albeit limited enquiries. Volumes out of East Australia are a tick up. On C3 ex Brazil to China, we see enquiries for full August dates while things were quiet on the West Africa front. Far East spot tonnage is abundant. Ballasting tonnage is thinning for first half of August and heavily weighted on second half of August. On C5, we see fixtures concluding at sub USD 9.50 pmt levels. On C3, fixtures were concluding at mid to high USD 24 pmt levels by mid-week for late August and early September dates, reports fearnpulse.
Panamax
This week in the Panamax market, Asia experienced balanced conditions with increased cargo flows despite potential disruptions from incoming storms and typhoons. The Atlantic market displayed notable strength, driven by a tightening tonnage list in the North Atlantic and additional cargoes in the South Atlantic. The index saw positive movement, bolstered by low tonnage availability and modest demand from NCSA and Black Sea grain. The ECSA market found stability, trading around the 16,500/17,000 BKI level. While overall activity in the Atlantic was subdued, the North Continent’s tight tonnage and a well-balanced ECSA market maintained stable levels with slight gains despite the broader market’s cautious stance.
Supramax
Overall quiet/flat week in the Atlantic with little to report, but we did see a few fresh orders ex ECSA and Atlantic basin. The past week saw fresh enquiries with sulphur cargo as (sulphur) commodity prices saw improvement. Slow & steady, we also see more orders ex Indian ocean.
Large Ultramax reportedly fixed at USD 15,000 level for EC India-China run. The Indonesia-China Supra runs going at around 18/19k levels. ECSA fronthauls on Supra/Ultra paid around USD 22,000 levels as usual.
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Source: Fearnpulse
