World Coal News Thursday, 30 October 14 Coal & Grains Support Panamax and Iron Ore Supports Capes Handy According to, Fearnresearch in its latest weekly report, the Atlantic market has been smooth this week. Rates are being increased about US$ 200 from last week on the TA´s, but the volumes are the same.. According to Fearnleys broker, SE Asia rounds are being traded in the mid 7k´s. Short period manifest is calm but some Ultramaxes with good specs are being fixed in the 12k range. Panamax According to Fearnleys , the long predictable uptick in rates towards the end of the year is ongoing. The movement has singled out radically in both hemispheres. According to Fearnleys, a firm surge of grains out of US West Coast and the US Gulf is topping it off to make sure a maximum rate increase over the last week. In the Atlantic a panamax now gets around US$ 10,000 every day, and the Pacific is stronger where nopac rounds are fixed as increasing as US$ 13000. Fronthaul now pay approximately 18,000 with delivery Gibraltar. Capesize Every day returns for the average 180,000-tonners have more than doubled in 2 weeks, and the previous 7 days have added some 60% to value, now rank at an standard of US$ 26k/day. As the number of spot ships accessible is now severely abridged, sustained high spot demand may result in rate diversions whirling exponential - decision will be given in the next few days. , Fearnleys concluded that FFA levels have enhanced diffidently in contrast, resulting in considerable gaps between period levels bid vs obtainable and nothing completed. komorocoal/komoro-news/coal-grains-support-panamax-and-iron-ore-supports-capes.aspx
Posted on: Sat, 29 Nov 2014 09:36:35 +0000
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