The bull run continued as the week drew to a close. Both basins posted considerably better fixtures with the highlights being C3 $12.25 and C5 $5.90. Paper appeared to find a ceiling on Oct at 10800 & Q4 9800 but this could well be temporary as the f/east returns to work next week.
As expected we witnessed a quiet close to the week on Panamax paper with small gains across the curve which saw Oct and Q4 trading up to $6600 and $6650 respectively. Despite drifting off the highs towards the close the tone remains relatively upbeat. Good weekend to all.
A very quiet day to end the Supramax paper week. With the Singapore Grand Prix this weekend and holidays in China, after a slow start out of the blocks the day struggled to find any momentum. Have a good evening and a great weekend.
Quiet day on handy paper, no reported trades. Have a good evening and a great weekend.
Source: FISPrevious Next
In Conversation With Mr Ajay Reshamwala, Managing Director, Reshamwala Shipbrokers
India Tanker Shipping Trade Summit 2018