Tuesday
Jun302015

Dry Bulk FFA - 30 June 2015

Tone:  Capes weaker from the start with July trading down to 7600 q3 8700 q4 13200 and cal16 a low of 11k before buyers returned to support…light volume.  Panamax unchanged 

Capes Index $8404: July 7750 -500 Q3 8700 -400 Q4 13200 -200 Q1 7400 -100 Cal16 11150 -100 Cal17 13050 -50 Cal18 14250 unch  

Panamax Index $6685:  July 6500 -100  Q3 6450 unch Q4 7300 -50 Q1 5750 -50 Cal16 6750 unch Cal17 7300 unch Cal18 7950 unch

Smax Index $7550:  July 7700 -100 Q3 7600 -100 Q4 8300 -100 Q1 6400 unch Cal16 7300 -50 Cal17 7700 unch Cal18 8100 -50

 

 

Tuesday
Jun302015

Clean Update - 30 June 2015

TC2:  Seeing potential softening as the physical has reported a 175 print. The July FFA trades a few points - with current market 176/177.

TC14:  A similar softening trend can be seen here - with physical deals reported at the 110 level.  July FFA is trading about 113 - a decent sized fall from the 133 level only a week or so ago.

MR TCE: $31,000/day

Tuesday
Jun302015

Afra Update - 30 June 2015

Numbers are still good across the sector - though the UKC market has come down since the middle of last week when Owners were realizing $100,000/day.  Today - the Atlantic basin regions are seeing about $50,000/day for local biz - and maybe $35,000/day for longer haul stuff.

Friday
Jun262015

Clean Update

TC2:  Stable at roughly WS 192, though maybe some near term selling pressure on FFAs.  July traded down 2-3 points to about 179.

TC14:  Physical remains steady close to 120.  FFAs have been quiet, though worth noting was a small amount of sellinf pressure yesterday.  July tradedat the 125 level today.

MR TCE:  $33,000/day

Friday
Jun262015

Dry Bulk FFA

Capes:  The index lost roughly $300 - creating some mild selling pressure early doors.  Q3 traded down to $9,000 before returning to the $9,500 later in the session.  

Panamax sector seems to think rates can continue to upside, leading the Q3 to trade up to $6,000.

Wednesday
Jun242015

Dry Bulk FFA Update

Tone: Capes sold off post index but levels stabilized with July bottoming out 9600 q3 10k and q4 14k. Panamax not much activity with levels holding steady.

Capes Index $9452: June 6250 -100 +100/day July 9600 -400 +350/day Q3 10050 -250 +50/day Q4 14000 -300 -100/day Q1 7900 -350 unch/day Cal16 11650 -150 -100/day Cal17 13250 -100 -50/day Cal18 14300 -100 +50/day

Panamax Index $6609:  June 5900 -50 -50/day  July 6300 +50 +50/day  Q3 6250 unch unch/day Q4 7200 unch +50/day Q1 5900 unch unch/day Cal16 6800 -100 +50/day Cal17 7250 unch +50/day Cal18 8050 -100 -50/day 

Smax Index $7560:  June 7250 unch -100/day  July 7650 unch -100/day Q3 7500 unch unch/day Q4 8300 unch unch/day Q1 6250 unch unch/day Cal16 7350 unch unch/day  Cal17 7700 unch unch/day Cal18 8150 unch unch/day

Wednesday
Jun242015

Clean Update

TC2:  Physical is still firming with the market being called 190 - though a WS 200 was rumored yesterday.  The July FFA continued its move to the upside - settling at 187.

TC14:  Though the position list isnt lengthy - inquiry remains only fair for the time being.  The physical is rated about WS 120.  July FFA trades 131/132 level.  Aug/Sep FFA a bit lower in the 110-115 range.

MR TCE:  $34,000/day - an impressive number

Wednesday
Jun242015

Afra Update

The Afra sector is looking mighy fine - with fundamentals firmly in Owners favor.

Caribs:  $55,000/day
UKC:  $100,000/day
Med:  $60,000/day 

Tuesday
Jun232015

Clean Update

TC2:  Tonnage list is thin - leaving Owners in a decent position to raise rates. Ws 200 has been reported for an XOM fixture.  Futures are moving to the upside - with July trading 182.

TC14:  Position list is somewhat thin here as well - though rates havent yet shifted north.  Physical sits in the 115-120 range.  July paper trades about 131.

MR TCE:  $31,000/day

Tuesday
Jun232015

Dry Bulk FFA - 23 June 2015

Tone:  Capes better bid post index possibly due to massive increase on index with q3 trading up to 9500 and q4 13500.  Panamax unchanged and seems more weight on sell side.

Capes Index $7322: June 5950 unch +100/day July 8600 +100 +450/day  Q3 9500 +150 +500/day Q4 13600 unch +300/day Q1 8000 +50 +150/day  Cal16 11400 +50 +150/day Cal17 13250 unch +200/day Cal18 14200 unch +50/day

Panamax Index $6736:  June 5950 unch unch/day July 6300 unch -50/day Q3 6200 +50 unch/day Q4 7050 +150 +100/day Q1 5900 +100 +100/day Cal16 6750 +50 +50/day Cal17 7200 +50 +50/day Cal18 8100 +50 +50/day

Smax Index $7554:  June 7400 unch unch/day July 7750 unch +100/day Q3 7550 +50 +150/day Q4 8350 unch +100/day Q1 6300 unch +50/day Cal16 7350 unch unch/day  Cal17 7700 unch unch/day Cal18 8150 unch unch/day