Cement News tagged under: Freight Markets
Markets weaken over holiday period05 January 2005, Published under Cement NewsThe level of business has been particularly low since our latest report 15 days ago. This slow mood has translated into lower rates with the Capes falling down under the $100,000 par day, Panamaxes have retreated in the high 30’s while Handymaxes rates have stayed a bit firmer thanks to some pockets of activity. The Panamax market sustained its downward trend across the board over the past ten days or so, although with little activity, which... |
Markets start to slide21 December 2004, Published under Cement NewsAt present everybody is "skiing down to the village" and the heaviest is the fastest. Capes have recorded this week historical downward figures and the number of ships remaining unfixed by the end of the week had not been seen for a long time. Panamaxes rates have failed to regain the ground lost last week due to the number of ships open, despite a comeback of charterers attracted by more reasonable market level. Handymaxes are still resisting better to this correction, thanks to a not huge ... |
Still riding the roller coaster15 December 2004, Published under Cement NewsAfter another exciting period of nearly one month where rates reached unprecedented record levels, the market has stalled during most recent trading days. Figures have started to dive from their top positions reached last week, but so far no one can see if this is just a technical correction or if we’ve reached the crest of another wave, despite activity was sometime really scarce in some areas of the market. Handies have shown the strongest resistance in this downward trend, thanks to a hig... |
Numbers speak for themselves!02 December 2004, Published under Cement NewsIt is very hard this week to find other words than: strong, firm or even historical. Cape rates are now heading towards the US$110,000 per day for Brazil to Far East voyages and can fetch the US$100,000s on Pacific r/v. Panamax rates are now hovering in the high 40’s area with some fronthaul or Pacific trips done at over US$50,000 per day, while HandyMaxes can fetch rates in the mid/high 30’s in both basins. In its latest report the International Gr... |
Very hot period on all dry bulk markets25 November 2004, Published under Cement NewsA very hot period on all dry bulk markets especially with the Panamax segment leading the race of the fastest progression of the week, fuelled by a rush on tonnage available for time charter. Similarly demand for Handy/Handymax tonnage has remained sustained in both basins with a renewed interest for period charter. So far there is no clear signal that this fever could soon decrease, considering the first rumours coming from the yearly negotiations between Australia and Japanese steel mills,... |
Activity levels remain quite firm10 November 2004, Published under Cement NewsWith the grain side no longer providing the same number of opportunities, the Panamax market has been a bit weaker this week despite being helped by a still strong mineral activity also sustained by some Cape cargo splits. Starting on a quiet mood the Handy/Handymax market regained some ground by the end of the week in both basins. In the news, after the arrival of an Indian group at the top of the steel producers ranking, iron and steel indust... |
Markets continue to strengthen26 October 2004, Published under Cement NewsAll dry bulk markets have continued to go up during last week especially for the Capesize market which increased heavily and, more particularly, at the end of the week. The most bullish players who predicted new record freight rates are getting closer to their predictions. The Panamax market is rising more quietly but all main routes are offering a steady flow of business. The Handysize/max market was more balanced last week but rates remained firm. In the news, prospects of a sustainabl... |
Speculation over rate trends13 October 2004, Published under Cement NewsWhile tanker freight rates are cruising into some unexplored areas, dry bulk rates are getting nervous too despite a rather "normal" volume of business. Especially in the Cape segment, everyone is still convinced that the winter period will be very hot, so each deal fixed this week has been done well over the previous one driving rates back to the exact same level they reached one year ago. The Panamax market is also starting to boil with everyone expecting a prompt come back of charterers i... |
Markets still holding up05 October 2004, Published under Cement NewsIn a quieter market linked to the absence of a lot of Asian players, all dry bulk markets remained firm. It is significant to see that even in these conditions, the Cape market did not plunge and even gained a few dollars by the end of the week helped by some more activity in the Atlantic. This still does not prove that the market will rocket during the winter but everyone starts to think that is could be wise to consolidate it’s present position rather than playing the spot. The same can be... |
New business boosts rates21 September 2004, Published under Cement NewsAs expected last week the market has been prompt to react to the new wave of business which surfaced this week on almost all dry bulk markets. Capesize rates regained more than half the ground lost last week and some already think that this nervousness predicts new record levels for the winter period. The list of Panamax vessels available has been quickly shortened and rates have started to peak up mid-week in both basins. Despite some more activity surfacing in the Atlantic, the HandyMax ma... |