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The Shipping Tribune

BREAKING NEWS

Freight Market Scenario

news-details

NEWS LETTER, FEBRUARY 23, 2024.

 

Asia-Pacific Panamax Dry Bulk         

Asia-Pacific regional Panamax freight rates were stable or slightly up on Feb. 22.

Enquiries understood in market

  • JSPL - 75,000 mt 10% - limestone and/or pyroxenite and/or dolomite (Mar 4-7) - Mina Saqr to Gopalpur.

Freight perceived to be

  • 75,000 mt 10% - Coal - Kalimantan to Krishnapatnam - at about usd 10.85/mt and to Dahej at about usd 12.40/mt.
  • 75,000 mt 10% - Coal - Richards Bay Coal Terminal to Krishnapatnam - at about usd 18.70/mt.
  • 75,000 mt 10% - metallurgical coal - Hay Point to Paradip - at about usd 16.35/mt and to Qingdao at about usd 14.35/mt.

ASIA-PACIFIC SUPRAMAX DRY BULK         

Asia-Pacific Supramax freight rates were stable on Feb. 22.

Freight perceived to be

  • 55,000 mt 10% - Coal - East Kalimantan to Paradip - at about usd 10.90/mt and to Navlakhi - at about usd 12.70/mt.
  • 50,000 mt 10% - Coal - RBCT, S. Africa to Navlakhi - at about usd 19.40/mt. 
  • 50,000-mt 10% - limestone - Mina Saqr to Paradip - at about usd 14.55/mt. 

CAPESIZE DRY BULK

Capesize freight rates hiked on Feb. 22.

Enquiries understood in market

  • Vale - COA - capesize vessels - iron ore (april 1 - dec 31) - tubarao to qingdao.
  • Anglo American - capesize ship - iron ore (March 18-25) - Açu to Qingdao.

Enquiries understood fixed

  • Pacbulk - capesize vessel - (mar 8-10) - Western Australia-China - at about usd 10.25/wmt.
  • HMM - Capesize vessel - (mar 10-12) - Western Australia to China - at about usd 10.35/wmt.
  • BHP - Capesize vessel - iron ore (Mar 9 Onw dates) - Port Hedland to Qingdao - at about usd 10.05/wmt.

Freight perceived to be

  • Capesize vessel - iron ore - Port Hedland to Qingdao - at about usd 10.45/wmt.
  • Capesize vessel - iron ore - Tubarao to Qingdao - at about usd 25.15/wmt.
  • Capesize vessel - iron ore - Saldanha Bay to Qingdao - at about usd 17.60/wmt.

Handymax/Handysize Dry Bulk

The Pacific Handysize market trended higher on Feb. 22.

Freight perceived to be

  • 30,000 mt - Alumina - Gladstone to Lianyungang - at about usd 24.50/mt and from Bunbury/Kwinana to Lianyungang at about usd 24.05/mt. 

                                                                  BFA BALTIC INDEX

FFA PANAMAX                          FFA CAPE                                FFA SUPRAMAX

 

Period

Value

Change

Period

Value

Change

Period

Value

Change

Mar (24)

16215

-278

Mar (24)

24814

+1857

Mar (24)

14783

-34

Apr (24)

17693

-72

Apr (24)

27036

+1097

Apr (24)

16129

+158

Q1 (24)

14871

-153

Q1 (24)

21998

+914

Q1 (24)

13051

-16

Q2 (24)

17635

-25

Q2 (24)

26938

+968

Q2 (24)

15677

+106

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

BEST REGARDS.

 


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