Panamax Rates

Panamax Rates Aggressive and Record High in the Pacific

  • Panamax rates in the Pacific soared to multi-year highs on the back of icy sea conditions in the Atlantic.
  • This is attributed to the spike in grain loading out of east coast South America, or ECSA, and a pick-up in European coal demand.
  • The firm freight rate on ships loading out of ECSA is forcing charterers to shell out more for voyages within the Pacific region.
  • The key Hay Point, Australia, to Paradip, east coast of India, trip to move a 75,000 mt (plus/minus 10%) coal cargo was assessed at...

https://mfame.guru/panamax-rates-aggressive-and-record-high-in-the-pacific/

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/

Panamax Index Gain Pushed Baltic Index Up by 4 Points

  • Baltic index edges up on firm panamax, supramax rates.
  • The Baltic index edged up 4 points to 539, its highest since Jan. 27.
  • The capesize index slipped further by 20 points to -348, its lowest on record.
  • The panamax index rose 10 points, or 1.1%, to 915, registering its 18th straight session of gains.
  • The supramax index gained 15 points to 621.

The Baltic Exchange’s main sea freight index inched up on Monday as the strong demand for panamax and supramax vessels continue, reports Yahoo Finance.

F...

http://mfame.guru/panamax-index-gain-pushed-baltic-index-up-by-4-points/

Baltic Index Inches Up by 2 Points on High Panamax Rates

  • Baltic index rose for the eighth straight session to 508 points.
  • The capesize index fell 39 points to -278 points.
  • The panamax index climbed 19 points, or 2.3%, to 830 points.
  • The supramax index rose 18 points to 561.

The Baltic Exchange’s main sea freight index inched higher on Tuesday. This marks the eighth straight session gain, as higher rates for panamax and supramax vessels outweighed lower capesize rates, reports Yahoo Finance.

How Baltic Index marked gain
  • The Baltic index, which tracks...

http://mfame.guru/baltic-index-inches-up-by-2-points-on-high-panamax-rates/

Higher Rates for Smaller Vessels Push Baltic Index Up by 9 Points

  • Higher rates for smaller vessels lift Baltic index.
  • Baltic Index rose 9 points to 506 points.
  • The panamax index climbed 24 points, or 3%, to 811 points, its highest since Jan. 21.
  • The supramax index rose 19 points to 543.
  • The capesize index fell 13 points to -239 points.

The Baltic Exchange’s main sea freight index peaked higher on Monday. Gains in the panamax and supramax vessel segments offset lower capesize rates and aided lifting Baltic Index, reports Reuters.

Rates of Smaller vessels 

Panam...

http://mfame.guru/higher-rates-for-smaller-vessels-push-baltic-index-up-by-9-points/

Capesize, Supramax Rates Fall! Baltic Index Slips by 1%

  • Baltic index  fell 4 points, or 1%, to 411 on lower capesize, supramax vessel rates.
  • The panamax index rose 5 points, or 0.9%, to 546.

According to a Reuters report, capesize, supramax components of the Baltic Sea Freight Index declined on Monday, affected by weaker demand for capesize and supramax vessels outweighing stronger rates for the panamax category.

The developments
  • The Baltic index, which tracks rates for capesize, panamax and supramax vessels to ferry dry bulk commodities, fell 4...

http://mfame.guru/capesize-supramax-rates-fall-baltic-index-slips-by-1/

Baltic Index Reels Under Weak Capesize Rates, Falls for the 7th Straight Session

According to a Reuters report, the Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, fell for a seventh straight session on Wednesday to its lowest in over four months, hurt by lower capesize rates.

How did it happen?
  • The Baltic index, which reflects rates for capesize, panamax and supramax vessels, fell 123 points, or 7.4%, to 1,533, its lowest since July 2.
  • The capesize index slumped 249 points, or 8.4%, to 2,726, its lowest in more than four...

http://mfame.guru/baltic-index-reels-under-weak-capesize-rates-falls-for-the-7th-straight-session/

Baltic Index Ascend To 1,770, Up by 3 Points

The Baltic Exchange’s main sea freight index edged higher on Monday, as a rise in panamax vessel demand offset declines in both the capesize and supramax segments, reports Reuters.

  • The Baltic index, which tracks rates for ships carrying dry bulk commodities, was up 3 points, or 0.17%, at 1,770, rising for a second straight session.
  • The panamax index rose 17 points, or 0.98%, to 1,748.
  • Average daily earnings for panamaxes, which usually carry coal or grain cargoes of about 60,000 tonnes to...

http://mfame.guru/baltic-index-ascend-to-1770-up-by-3-points/

Panamax Vessel Rates Surge to 6-week High

The global Panamax dry bulk vessel index has surged more than 60% over the past month – reaching a six-week high – due to renewed vessel demand following the Chinese New Year holidays, says an article published by Montel News.

Reasons Behind This
  • The Baltic Panamax Index (BPI), which tracks rates for the 60,000-80,000 deadweight tonne segment, was assessed last at 900 points.
  • It has rebounded from its early-February low of 552 points, a level not seen since June 2016.
  • “Sentiment is now...

http://mfame.guru/panamax-vessel-rates-surge-to-6-week-high/

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