Freight Market Scenario

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NEWSLETTER, MAY 25, 2022

 

Asia-Pacific Panamax Dry Bulk         

In the Asia-Pacific Panamax freight rates  were mostly unchanged on May 24.
 
Enquiries understood in market

  • Orissa Metaliks - 2 x 75,000 mt  10% - iron ore pellets (prompt dates) - Dhamra  to northern China.
  • Orissa Metaliks - 75,000 mt  10% - limestone, pyroxenite or dolomite (june 1-10) - Mina Saqr  to Dhamra.
  • SAIL - 75,000 mt 10% - metallurgical coal (june 15-24) - ec australia  to Vizag.
  • RINL - 75,000 mt 10% - metallurgical coal (june 5-14) - ec australia  to gangavaram.
  • Trafigura - 75,000 mt 10% - metallurgical coal (june 10-19) - HPCT/APCT/DBCT to Paradip and Krishnapatnam.

Enquiries understood fixed

  • SAIL - 75,000 mt 10% - metallurgical coal (june 12-21) - Hay Point  to Vizag - at about usd 32.70/mt.

Freight implied as

  • 75,000 mt 10% - Coal - Kalimantan to Krishnapatnam - at about usd 18.35/mt and to Dahej at about usd 20.45/mt.
  • 75,000 mt 10% - Coal - Richards Bay Coal Terminal to Krishnapatnam - at about usd 33.80/mt.
  • 75,000 mt 10% - Metallurgical Coal - Hay Point to Paradip - at about usd 30.20/mt and to Qingdao at about usd 26.80/mt.   

ASIA-PACIFIC SUPRAMAX DRY BULK         

Asia-Pacific Supramax freight rates continued with slight improvement on May 24.

Enquiries understood in market

  • SAIL- 38,000-mt 5% - coal (june -14) - Beira  to Visakhapatnam.

Freight implied as

  • 55,000 mt 10% - Coal - East Kalimantan to Paradip - at about usd 28.10/mt and to Navlakhi at about usd 32.70/mt.
  • 50,000 mt 10% - Coal - RBCT, S. Africa to Navlakhi - at about usd 41.70/mt. 
  • 50,000 mt 10% - Limestone - Mina Saqr to Paradip - at about usd 23.75/mt. 

CAPESIZE DRY BULK

Capesize freight rates moved  donward on May 24.

Enquiries understood in market

  • Vale - capesize ships -  iron ore (end june-early july dates) - Brazil to China .

Enquiries understood fixed

  • BHP - Newcastlemax vessel - iron ore (june 8 onw dates) - Port Hedland  to Qingdao - at about usd 14.75/wmt. 
  • FMG - 2 x Capesize vessels - (june 7-9) - Port Hedland to Qingdao - at about usd 14.75/wmt and usd 14.60/wmt.
  • Rio Tinto - capesize vessel - (june 10-12) - Port Dampier  to Qingdao - at about usd 14.50/wmt.

Freight implied as

  • Capesize vessel - Iron ore - Port Hedland in Western Australia to Qingdao - at about usd 14.30/wmt.
  • Capesize vessel - Iron ore - Tubarao to Qingdao - at about usd 37.10/wmt.
     
  • Capesize vessel - Iron ore - Saldanha Bay to Qingdao - at about usd 28.85/wmt.  

Handymax/Handysize Dry Bulk

Pacific Handysize activity remained firm on May 24.
 
Enquiries understood in market

  • AMI Singapore - 20/25,000 mt - hot rolled coils (june 1-20) - Lianyungang  to Phu My and Ho Chi Minh.
  • Raffles Shipping - 30,000-mt 10% - wheat (feb dates) - Brisbane to Auckland , Plymouth and Lyttelton.

Freight implied as

  • 30,000 mt - Alumina - Gladstone to Lianyungang - at about usd 60.65/mt and from Bunbury/Kwinana to Lianyungang at about usd 60.45/mt.

(THIS REPORT IS INTENDED TO BE INFORMATIVE IN NATURE AND THE FIXTURES/FIGURES REPORTED ARE ABOUT & WITHOUT GUARANTEE)

BEST REGARDS.

 

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