Capesize rates

Capesize Demand Boosts Baltic Index to 1-year High

Credit: rinson-chory-2vPGGOU-unsplash

Baltic index climbs to 1-yr high on robust capesize demand, reveals a Hot Copper news source.

The Baltic Exchange’s dry bulk sea freight index

BADI climbed to a 1-year high on Friday as capesize rates firmed for a fifth consecutive week.

  • The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, rose by 102 points, or 5.6%, to 1,929.
  • The main index rose 13.4% for the week to log its fifth consecutive weekly rise.
  • The...

https://mfame.guru/capesize-demand-boosts-baltic-index-to-1-year-high/

Surprise Stake: Costamare CEO Boosts Seanergy Maritime – Buy

Credit: Rian Daud7/Pexels

In late May, the stock of Seanergy Maritime Holdings, a Greece-based company focused on Capesize shipping, hit record lows after reporting weak first-quarter results due to seasonal factors. Despite the continued decline in Capesize charter rates, the company’s common shares have experienced a recent rally of approximately 20% over the past few weeks.

After Wednesday’s trading session, it was revealed that an entity associated with Konstantinos V. Konstantakopoulos,...

https://mfame.guru/surprise-stake-costamare-ceo-boosts-seanergy-maritime-buy/

Tanker Values Soar At 13 Year High

Credit: Vessels Value
  • Values for five year old VLCCs (Very Large Crude Carriers) are currently at the highest levels since 2009.
  • Overall, Tanker sales have risen this year by c.12% with 1,026 transactions reported so far in 2022.
  • Uptick in values comes as the Tanker spot market continues to gain ground.

For example, 320,000 DWT, 5YO are currently valued at USD 95.74 mil, up 33.12% from the start of the year from USD 71.92 mil in January.

Soaring High

Uptick in values comes as the Tanker spot...

https://mfame.guru/tanker-values-soar-at-13-year-high/

Giant Capesize Ships To Ship Timber and Grain

  • Shipments of timber and grain are being loaded onto a class of ship normally reserved for other cargo.
  • This may be attributed to the strong demand to move commodities causes dislocations to the supply of vessels.
  • Logs from Uruguay and grain from Brazil are set to be loaded giant Capesize ships this month or next, according to shipping data from S&P Global Platts.
  • The vessels are normally used to transport coal and iron ore — the industry’s two main cargoes.
  • By contrast, timber typically gets...

https://mfame.guru/giant-capesize-ships-to-ship-timber-and-grain/

Weekly Bulk Report – Week 42, 2020

The Baltic Briefing has released a report about the dry bulk market for the 42ndweek of shipping activities of this year. The report dated 16thOctober highlights the plight of the dry bulk market at the on-sight of the 42ndweek.

Capesize

The Capesize market kept up a constant precipitous fall in values this week. Opening at $29,479, the Capesize 5TC has closed the week at $19,952, a drop of almost -30%. 

The Atlantic 

The Atlantic has been the most affected of the basins, yet this is likely...

https://mfame.guru/weekly-bulk-report-week-42-2020/

Low Capesize Rates As COVID19 Effects Long Haul Voyage Demand!

Capesize freight rates to China from Brazil and Australia
  • Lower long haul shipping demand dampens spot market
  • Capesize fleet size increases amid more newbuilds
  • Tonnages freed from longterm contracts enter spot market
  • Force majeure needs to end to enhance the demand in the long haul voyages

According to a Platts report, despite iron ore movement staying resilient amid the global coronavirus pandemic, key Capesize freight rates to move iron ore from Brazil and Australia to China tumbled to multiyear lows on Wednesday.

Long Haul Voyage Drop
  • A noticeable...

https://mfame.guru/low-capesize-rates-as-covid19-effects-long-haul-voyage-demand/

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