Freight Market Scenario

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NEWSLETTER, JANUARY 21, 2022

 

Asia-Pacific Panamax Dry Bulk         

Panamax freight rates in the Asia-Pacific region trended lower on Jan. 20.

Enquiries understood in market

  • SAIL - 75,000-mt  10% - metallurgical coal (feb 7-17) - Abbot Point to Vizag.

Enquiries understood fixed

  • SAIL - 75,000- mt  10% - metallurgical coal (feb 11-20) - Hay Point to Vizag - at about usd 20.35/mt. 
  • Glovis - 80,000-mt  10% - coal (feb 11-15) - Newcastle to Goseong - at about usd 11/mt.

Freight perceived to be

  • 75,000 mt 10% - Coal - South Kalimantan to Krishnapatnam - at about usd 10.95/mt and to Dahej at about usd 12.10/mt.
  • 75,000 mt 10% - Coal - Richards Bay Coal Terminal to Krishnapatnam - at about usd 20.35/mt.
  • 75,000 mt 10% - Metallurgical Coal - Hay Point to Paradip - at about usd 18.75/mt and to Qingdao at about usd 16.50/mt.   

ASIA-PACIFIC SUPRAMAX DRY BULK         

The Asia-Pacific regional Supramax freight market moved sideways on Jan. 20 

Enquiries understood fixed

  • South32 - 45,000 mt 10% - manganese ore (feb 10-13) - Port Elizabeth to China and South Korea - at about usd 49/mt.

Freight perceived to be

  • 50,000 mt 10% - Coal - South Kalimantan to Paradip - at about usd 16.55/mt and to Navlakhi at about usd 18.15/mt.
  • 50,000 mt 10% - Coal - RBCT, S. Africa to Navlakhi - at about usd 30.45/mt. 
  • 50,000 mt 10% - Limestone - Mina Saqr to Paradip - at about usd 16.95/mt.      

CAPESIZE DRY BULK

Capesize freight rates fell on Jan. 20

Enquiries understood in market

  • PMI - Capesize vessel - (feb 14-16) - Esperance  to Qingdao.
  • Assmang Ore and Metals - Capesize vessel - (feb 18-22) - Saldanha Bay to Qingdao.

Enquiries understood fixed

  • Rio Tinto - Capesize vessel - iron ore (feb 4-6) - Port Dampier  to Qingdao - at about usd 7.35/wmt. 
  • BHP - capesize vessel - Port Hedland  to Qingdao - at about below usd 7/wmt.
  • Vale - Capesize vessel - iron ore (feb 1-2) - Teluk Rubiah to Dung Quat - at about mid-usd 3s/wmt. 
  • Glencore - 170,000 mt 10$ - iron ore (feb 5-14) - Nouadhibou to Qingdao - at about usd 18.20/wmt. 
  • Nippon Steel - 150,000 mt 10% - iron ore (feb 14-28) - Nouadhibou to Japan - at about usd 20.30/wmt.

Freight perceived to be

  • Capesize vessel - Iron ore - Port Hedland in Western Australia to Qingdao - at about usd 7.10/wmt.
  • Capesize vessel - Iron ore - Tubarao to Qingdao - at about usd 16.95/wmt.
  • Capesize vessel - Iron ore - Saldanha Bay to Qingdao - at about usd 12.75/wmt.  

Handymax/Handysize Dry Bulk

Pacific Handysize activity was slow on Jan. 20 

Freight perceived to be

  • 30,000 mt - Alumina - Gladstone to Lianyungang - at about usd 46.45/mt and from Bunbury/Kwinana to Lianyungang at about usd 46.25/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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