Fearnleys Bulk Report: Dynamic Shift In Various Categories


The dry bulk shipping market is currently undergoing dynamic shifts, with distinct trends observed across various vessel categories. Here’s an in-depth overview of the present scenario:

Capesize Segment:

  • Robust volumes and inquiries persist on C5 routes, especially for early-mid February dates.
  • Notable fluctuations in coal volumes, with a downturn in East Australia and limited uptick in South Africa and Indian business inquiries.
  • Increased interest in C3 routes from Brazil to China and West Africa for mid-February to March dates.
  • C5 fixtures started the week at mid-high $7 per metric ton (pmt) levels, climbing to USD $8 pmt levels by midweek.
  • C3 fixtures recorded at USD $23 pmt levels for early February and USD $21 pmt levels for late February.
  • A noteworthy fixture involves a 181k DWT 2011 build non-scrubber for a 1-year charter at USD $23,000 per day.

Panamax Segment:

  • Significant gains characterize the Panamax market, driven by increased demand in the Atlantic basin and a bullish trend in East Coast South America.
  • Heightened demand in the North Atlantic, particularly for U.S. coal and grain shipments.
  • Optimism prevails in anticipation of potential rate increases with the upcoming Q2 grain season.

Supramax Segment:

  • The Supramax market witnessed a mixed week, suggesting potential positional trends.
  • Positive sentiment in the Atlantic, particularly in the South Atlantic, led to increased activity for trans-Atlantic runs and front haul.Overall market sentiment remains positive, with ongoing period activity and sustained interest in Handy and Supramax tonnage.

Rate Highlights (USD/Day, USD/Tonne):

  • Capesize: TCE Cont/Far East $38,125, Australia/China $8.15, Pacific RV $16,464.
  • Panamax: Transatlantic RV $16,040, TCE Cont/Far East $25,441, TCE Far East RV $11,979.
  • Supramax: Atlantic RV $14,875, Pacific RV $9,369, TCE Cont/Far East $23,738.

The performance of the dry bulk market reflects ongoing dynamics influenced by regional demand variations, global economic conditions, and seasonal trends. Industry stakeholders are vigilantly monitoring these developments as the sector navigates through the current landscape.

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Source: Fearn Pulse