Fearnleys Dry Bulk Market Report

Capesize The market is again under pressure with lack of fresh requirements in both Pacific as well as in Atlantic. The daily tc rate for a trip in pacific is around is USD 5,000 and the Atlantic below USD 8,000, The overall sentiment is depressed but there is a hope we are at the bottom and there will be more demand, although it seems more like a hope than reality right now. Panamax Atlantic hemisphere softening and rates slipping from last week due to little fresh cargoes including less grain from ECSA / to feast. Atlantic rounds paying arnd low 5000 USD depending delivery and duration. Typical fronthaul grain now paying low/mid usd 7000 + 200+ k bb to the far east. With uncertain prospects for ECSA cargoes more owners showing interest and competing for indonesian rounds. It s simply still too many vessel”s and too few cargoes leading to the poor rate conditions. Pacific market pending between 4500 for Aussie/ India while Aussie / China paying mid 5000. Very few period deals reported but a standard Panamax can obtain 5200/ 5400 for a year while a decent Kamsarmax get 5850 for ... Supramax It has been a week with both stronger and stable rates in the Supramax market. We see a firming market in WCI/AG rge where an owner got USD 6k DOP WCI for trip via AG to Japan. The ECSA market is refreshing with more 2nd half June cgos entering the mrkt. Wheras in the Feast we still see the big gap between bid/ask and more or less unchanged ratewise at mid/high 4k depending on trade. The Atlantic mrkt is coming up with more pressure in the North for both scrap cgos to Med and USEC cgos back to Continent. The period market has been quiet but mid week we see an Umax getting fixed at 10k for short period bss delivery Atlantic.