NEWS LETTER, JUNE 2, 2023.
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Asia-Pacific Panamax Dry Bulk
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Asia-Pacific Panamax freight rates continued to weak on June 1.
Enquiries understood fixed
- Al General Metals - 75,000-mt 10% - coal (June 10-13) - Nacala to Vizag - at about usd 10.25/mt.
Freight perceived to be
- 75,000 mt 10% - Coal - Kalimantan to Krishnapatnam - at about usd 8.30/mt and to Dahej at about usd 8.90/mt.
- 75,000 mt 10% - Coal - Richards Bay Coal Terminal to Krishnapatnam - at about usd 13.10/mt.
- 75,000 mt 10% - metallurgical coal - Hay Point to Paradip - at about usd 12.95/mt and to Qingdao at about usd 11.75/mt.
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ASIA-PACIFIC SUPRAMAX DRY BULK
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Asia-Pacific Supramax freight rates extended losses on June 1.
Enquiries understood in market
- Holcim Shipping - 50,000 mt 10% - clinker (June 15-21) - Karachi to Mesaieed
Enquiries understood fixed
- SMC - 60,000 mt 3% - manganese ore (June 1-4) - Coega to Tianjin - at about usd 20.25/mt.
- Xiangyu - 43,000 mt 5% - coal (June 12-15) - Bunati to Yangzhou Guoxin.
Freight perceived to be
- 55,000 mt 10% - Coal - East Kalimantan to Paradip - at about usd 10.40/mt and to Navlakhi - at about usd 11.25/mt.
- 50,000 mt 10% - Coal - RBCT, S. Africa to Navlakhi - at about usd 20.35/mt.
- 50,000-mt 10% - limestone - Mina Saqr to Paradip - at about usd 12.25/mt.
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CAPESIZE DRY BULK
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Capesize freight rates were dropped on June 1.
Enquiries understood in market
- Vale - 170,000 mt 10% - iron ore (June 22-30) - Tubarao to Qingdao.
- BHP - 160,000 mt 10% - iron ore (June 17-19) - Port Hedland to Qingdao.
- Rio Tinto - 170,000 mt 10% - iron ore (June 18-20) - Port Dampier to Qingdao.
Freight perceived to be
- Capesize vessel - iron ore - Port Hedland to Qingdao - at about usd 7.45/wmt.
- Capesize vessel - iron ore - Tubarao to Qingdao - at about usd 18.35/wmt.
- Capesize vessel - iron ore - Saldanha Bay to Qingdao - at about usd 14.10/wmt.
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Handymax/Handysize Dry Bulk
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Pacific Handysize activity was thin on June 1.
Enquiries understood in market
- Raffles Shipping - 30,000 mt 10% - sorghum (SH July dates) - Brisbane and Gladstone to Nantong or Shanghai.
Freight perceived to be
- 30,000 mt - Alumina - Gladstone to Lianyungang - at about usd 21.60/mt and from Bunbury/Kwinana to Lianyungang at about usd 21.00/mt.
BFA BALTIC INDEX
PANAMAX INDEX CAPE INDEX SUPRAMAX INDEX
Period Value Change Period Value Change Period Value Change
July (23) 11118 +89 July (23) 14650 +371 July (23) 9900 +50
Aug (23) 12332 +175 Aug (23) 16614 +471 Aug (23) 11438 +421
Q3 (23) 12207 +133 Q3 (23) 16293 +474 Q3 (23) 11065 +304
Q4 (23) 12522 +257 Q4 (23) 16686 +382 Q4 (23) 11396 +425
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(THIS REPORT IS INTENDED TO BE INFORMATIVE IN NATURE AND THE FIXTURES/FIGURES REPORTED ARE ABOUT & WITHOUT GUARANTEE)
BEST REGARDS.
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