Freight Market Scenario

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NEWSLETTER, SEPTEMBER 22, 2022

 

Asia-Pacific Panamax Dry Bulk         

Asia-Pacific Panamax freight rates moved sideways on Sept. 21.
  
Enquiries understood in market

  • SAIL - 80,000-mt 10% - coal (oct 11-20) - Gladstone to Vizag.

Enquiries understood fixed

  • KEPCO - 70,000-mt 10% - coal (sept 26-oct 5) - Samarinda  to Samcheonpo - at about usd 10.21/mt.
  • SAIL - 75,000-mt 10% - coal (oct 10-19) - Gladstone to Vizag - at about usd 26.85/mt.

Freight indicated to be

  • 75,000 mt 10% - Coal - Kalimantan to Krishnapatnam - at about usd 12.25/mt and to Dahej at about usd 14.05/mt.
  • 75,000 mt 10% - Coal - Richards Bay Coal Terminal to Krishnapatnam - at about usd 23.75/mt.
  • 75,000 mt 10% - Metallurgical Coal - Hay Point to Paradip - at about usd 22.50/mt and to Qingdao at about usd 20.20/mt.    

ASIA-PACIFIC SUPRAMAX DRY BULK         

Asia-Pacific Supramax freight rates were rangebound on Sept. 21.
 
Enquiries understood in market

  • South32 - 53/55,000 mt - manganese ore (oct 6-9) - Port Elizabeth  to Tianjin.
  • LDC - 35,000-40,000 mt - bagged rice (prompt dates) - Kakinada  to West Africa.

Enquiries understood fixed

  • Xinfengrun - 55,000 mt 10% - coal (oct 6-10) - Muara Asam Asam in Indonesia to Xinsha, Yangjiang , Qinzhou or Putian in China - at about usd 12.15/mt.

Freight indicated to be

  • 55,000 mt 10% - Coal - East Kalimantan to Paradip - at about usd 16.95/mt and to Navlakhi - at about usd 19.80/mt.
  • 50,000 mt 10% - Coal - RBCT, S. Africa to Navlakhi - at about usd 24.00/mt. 
  • 50,000 mt 10% - Limestone - Mina Saqr to Paradip - at about usd 14.20/mt.  

CAPESIZE DRY BULK

Capesize freight rates in the Pacific soften marginally  on Sept. 21.

Enquiries understood fixed

  • Anglo American - 170,000 mt 10% - iron ore (oct 6-10) - Saldanha Bay to Qingdao - at about low to mid-usd 17s/wmt.
  • Rio Tinto - 170,000 mt 10% - iron ore (oct 5-7) - Port Dampier to China - at about usd 10.25/wmt.
  • BHP - 170,000 mt 10% - iron ore (oct 4-6) - Port Hedland to China - at about low-usd 10s/wmt.

Freight indicated to be

  • Capesize vessel - Iron ore - Port Hedland in Western Australia to Qingdao - at about usd 10.35/wmt.
  • Capesize vessel - Iron ore - Tubarao to Qingdao - at about usd 24.00/wmt.
  • Capesize vessel - Iron ore - Saldanha Bay to Qingdao - at about usd 17.50/wmt.  

Handymax/Handysize Dry Bulk

Pacific Handysize activity was steady while freight rates were high on Sept. 21.

Enquiries understood in market

  • HTK - 27/30,000 mt - cement (sept 22-30) - Hon Gai in Vietnam to General Santos or Davao in the Philippines.

Freight indicated to be

  • 30,000 mt - Alumina - Gladstone to Lianyungang - at about usd 34.80/mt and from Bunbury/Kwinana to Lianyungang at about usd 34.70/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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