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Capesize Rates

Baltic Sea Freight Index Up on Higher Capesize Rates

The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, rose on Tuesday, mostly on higher capesize rates.   The index, which factors in the average daily earnings of capesize, panamax, supramax and handysize dry bulk transport vessels, rose three points to 602 points.   The capesize index rose 15 points to 475 points.   Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes such as iron ore and coal, rose $114 to $4,415.   Analysts, however, say capesize rates remain very low and do not cover operating expenses as there is abundant supply of ships in the market. There was "very little activity (in capesize segment) and plenty of idle ships", ship broker RS Platou said in a note on Monday.   The panamax index fell two points to 598 points.   Average daily earnings for panamaxes, which usually carry 60,000 to 70,000-tonne cargoes of coal or grain, fell $21 to $4,780.   While the handysize index fell one point to 392 points, the supramax index was up one point at 650 points. Handysize and supramax are smaller vessels than capesize and panamaxes.   Reporting by Nallur Sethuraman in Bengaluru


Capesize Holds Steady, Panamax Drops

Capesize rates remained very steady worldwide, but panamax rates were weaker in the Atlantic, brokers said. There were unconfirmed reports that Navix had fixed Belmaj 149,000 dwt delivery Indonesia end-March for a trip via Australia to Japan at $29,000 daily. Cargill booked Bottiglieri tonnage for 54,000 tons heavy grain U.S. Gulf/Japan for end-March at $21.75, having previously failed on subjects with the Bottiglieri re-let Darya Geeth at $22.


Panamax Rates Hold Firm

Asia's Panamax rates for dry bulk cargo are expected to remain firm this week on strong vessel demand for grain and mineral exports and support from a rebound in Capesize, traders said. "Panamax freight rates are holding firm this week," said a shipping trader in Seoul. "The rates are a bit firmer than we expected ahead of the slow summer season." Active grain and oilseed exports from South America were providing support to the Panamax market


Asia Dry Bulk-Capesize Rates to Climb

Shipowners confident rates will climb on tighter tonnage supply; Shipowners seek rates premium for Australian coal cargoes. Freight rates for capesize bulk carriers could continue to recover as ship owners scent the possibility of higher cargo volumes on tighter tonnage supply, ship brokers said. "Owners and charterers are playing a game of cat and mouse," said a Singapore-based capesize ship broker.


No End to Capesize Dry Bulk Misery

A ValeMax size bulk carrier sits alongside the berth (file image)

Rates from Australia to China fall to 14-year low; Brazil to China capesize rates drop to 7-year low. Freight rates for capesize bulk carriers on key Asian routes, which fell to a more than seven-year low on Wednesday, could nudge lower or hold around current levels as too many ships chase too little cargo, brokers said. "It seems like the market is at the bottom," said a Shanghai-based capesize broker on Thursday.


Stronger Capesize Rates Perks Up Baltic Index

The Baltic Exchange's main sea freight index tracking rates for ships carrying dry bulk commodities, rose on Friday, supported primarily on improved demand for capesize vessels.   The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, went up 38 points, or 6.37 percent to 635 points.   The capesize index rose 118 points, or 14.2 percent, to 949 points. The index has climbed about 45 percent over the last week.  


SS&Y Capesize Indices

SS&Y Pacific Capesize Index Plummets 243 Points Shipbrokers Simpson, Spence and Young's Pacific Capesize Index fell 243 points to 5,259 in the week ending May 8. "The Pacific Capesize index fell after the holidays in the Far East, with early vessels becoming the victims of a lack of inquiry," SS&Y said. "A $1 fall on the Queensland/Rotterdam route (120/150,000 ton cargo) was certainly not going to help the index, which witnessed its first serious decline since January," SS&Y added.


Dry bulk shipping, Tankers Fall Down

Graph: Drewry Maritime Equity Research

 All stocks under Drewry Maritime Equity Research (DMER)’s dry bulk coverage were down and recorded double-digit negative returns, taking cues from vessel earnings.   The BDI shed its gain of the previous two months and nudged down 20% m/m in August led by a fall in the Capesize index. Capesize rates were adversely affected by ample tonnage and lacklustre demand from China.    For example


Asia Dry Bulk-Capesize Rates Firming

A FedNav bulk vessel (file image)

Stable cargo flow needed to push rates higher; half of capesize vessel deliveries delayed in Q1. Freight rates for large capesize dry cargo ships on key Asian routes are set to firm next week as owners resist charterers attempts to push rates lower, ship brokers said on Thursday. That came as revenue from freight rate income remains below the cost of operating the iron ore and coal carriers. "There is a lot of tonnage in the market available for charter


Baltic Index Flat, Rates for Bigger Vessels Rise

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, remained unchanged on Thursday, even as rates for capesize and panamax vessels rose. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, was flat at 579 points. The capesize index rose 11 points to 724 points. Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes such as iron ore and coal


Strong Demand Across Vessel Segments Pushes Up Baltic Index

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Thursday as demand strengthened across all vessel segments.   The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels


Baltic Index up for Third Straight Session

file image (FedNav)

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Friday, for a third straight session, on rising demand across all vessel segments. The overall index, which factors in rates for capesize, panamax


Uncertainity Plagues Seaborne Iron Ore Shipments

Graph: Clarksons Research

 Chinese iron ore imports account for around two thirds of global seaborne iron ore shipments, making it the key driver of Capesize employment. Clarksons Research Report.   While the hike in Chinese iron ore imports in the year to date has supported Capesize demand


Panamax Vessel Demand Keeps Baltic Index Up

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Monday for a fourth straight session as higher demand propped up rates for panamax vessels.   The overall index, which factors in rates for capesize, panamax


Baltic Index Rises on Stronger Capesize Demand

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Wednesday on stronger demand for capesize vessels.   The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, was up four points


Baltic Index Rises on Better Capesize, Panamax Demand

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, inched higher on Thursday due to demand for capesize and panamax vessels.   The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels


Baltic Index Dips on Weak Demand for Smaller Vessels

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Friday due to weak demand for smaller vessels. The overall index - which factors in rates for capesize, panamax, supramax and handysize shipping vessels - was down one point, or 0


Baltic Index Down on Weaker Demand

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell marginally on Monday on weaker demand for smaller vessels and panamaxes, partially offset by higher demand for capesizes. The overall index, which factors in rates for capesize, panamax


Baltic Index Down as Small Vessel Demand Weakens

File Image: a smaller, handy sized bulk vessel (FedNav)

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell Tuesday on weaker demand for smaller vessels. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, was down one point, or 0


Asia Dry Bulk, Capesize Rates Set to Diverge

File Image: a so-called ValeMax bulk vessel, commonly used to move bulk from Brazil to Asian markets (Vale)

Rates from Australia to fall, Brazil rates to nudge higher. Freight rates for large capesize dry cargo ships on key Asian routes could diverge next week with rates from Australia to China trending lower on weaker sentiment while prices from Brazil to China could rise on tight vessel supply


Baltic Index Down on Weak Capesize Demand

 The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Friday due to lower rates for capesize vessels.   The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, was down 11 points


Baltic Index Down as Capesize Demand Disappoints

File image: a bulk vessel alongside during cargo operations (FedNav)

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, continued its fall Monday on weaker demand for capesize vessels. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, was down 5 points, or 0


Baltic Index Down on Falling Capesize Demand

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell Tuesday on lower demand for capesize vessels.   The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, was down 2 points, or 0


Baltic Index Rises on Higher Demand Across Vessels

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Wednesday on stronger demand across all types of vessels. The overall index, which factors in rates for capesize, panamax, supramax, and handysize shipping vessels, was up five points


Asia Dry Bulk-Capesize Rates Could Rise in Short Term

File Image: a so-called ValeMax bulk carrier, commonly used in th Brazil-Asian trades (credit: Vale)

Shipowners seeking $10 per tonne from Brazil-China; dry cargo demand to remain subdued this year. Freight rates for large capesize dry cargo ships on key Asian routes may firm up next week on increased chartering activity, tighter tonnage supply and possible port disruption caused by bad






 
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