www.TheSeaNation.gr

The dry bulk cargo market proceeded downwards the past week. All sizes presented a drop with Capes presenting the biggest recession and the rest sizes followed. Specifically, capes dropped by 9,6%, Kamsarmaxes -6,9%, Supramaxes -0,9% and Handies -2% compared to last week. With that given, BDI retreated by 123 credits (-6,27%) and closed at 1838 credits on Friday, the 14th of October.
Let’s now see more specifically, how the dry bulk cargo market moved last week as per vessel’s size, starting off with capes. In Asia, Australia was quite active with increased flow of cargoes to China, during the end of the week. Levels of index regarding route Australia-China (C5) closed on Friday at $9,25/ tn.
In the Atlantic Basin the market moved with two speeds. On the one hand, North Atlantic that showed weekly profits as regards transatlantic and to Asia trips and on the other hand Brazil, thay presented a slight decrease on demand. Indexes on Friday reached up to $ 23,23 / tn regarding trips from Brazil to China (for route C3), while rates from Continent to Asia closed at $37,13 K / day (for route C9) and transatlantic trips up to $25,14 K/ day (for route C8).
Considering Kamsarmaxes, in the Atlantic Basin recession observed as much in the North as in the South. Only some cargoes of wheat to the other side of the Atlantic Basin stirred up the otherwise "calm" waters. Indicatively, rates regarding trips from East Coast of South America (ECSA) to the Far East reached up to $20-22 K/ day (delivery at Asia), to the Continent up to $20-22 K/ day (delivery at Gibraltar) and from the U. S. Guld or North coast of South America to the Continent up to $17-19 K/ day ( delivery at Continent).
On the other hand, in Asia owner’s choices were limited and as a result competition between them to raise. Only wheat cargoes from the North restrained the market’s drop. Rates regarding round trips in Australia – Far East moved between $17-19 K/ day.
Regarding Supramaxes – Ultramaxes in S. E. Asia the market retreated, while as much demand from Indonesia as from Australia was limited. SMX’s rates regarding trips between S. E. Asia and the Far East dropped at $16-17,5 K / day. Northern, the Far East kept on falling. China maybe was active after the golden week, however over supply of capacity dropped rates. SMX’s rates regarding round trips to NOPAC moved between $15-17 K/ day, regarding trips to W. C. India between $14,5-15,5 K/ day and for returning trips to the Atlantic Basin (BH) between $17,5-18,5 K/ day.
In the Middle East’s Gulf and W. C. India market remained it’s dynamic by holding rates on the same levels. There are some cargoes from the gulf to Bangladesh, whole the number of vessels seems to decrease. SMX’s rates regarding trips to the Far East ranged between $16-17,5 K/ day (from the Middle East’s Gulf {MEG} – W. C. India), regarding short trips between MEG- W. C. India between $15,5-16,5 K/ day and for tripa to the Mediterranean between $17-18,5 K/ day.
In the Atlantic Basin and especially in the U. S. Gulf, balance maintained between demand and supply, mainly due to the East Coast. SMX’s rates regarding transatlantic trips remained at $22-23 K/ day and to Asia at $24-25K/ day. ECSA’s area started the week slowly, with more vessels in the area. However soon the image changed since demand remained powerful. SMX’s rates regarding trips to S. E. Asia-China increased at $30,5-32 K / day and for transatlantic trips (Mediterranean/ Continent) at $29,5-30,5 K/ day.
Continent presented an upward trend regarding the number of vessels, but the presence of new cargoes restrained rates levels. SMXs rates regarding round local trips moved between $19-30,5 K/ day, for teips with scrap cargo to the Mediterranean between $19-20,5K/ dat and to Asia between $23-24 K/ day. In the Mediterranean the market moved positively mainly regarding trips to the Atlantic Basin with Ukraine supplying with wheat cargo. On the contrary routes to Asia were under pressure. Indicatively, it is claimed that a SMX for a trip to the Mediterranean to Asia closed at $25-26,5 K/ day (delivery at Canakkale), to the other side of the Atlantic Basin at $21-22,5 K/ day and in the Mediterranean at $24,5-25,5 K/ day.
As regards Handies market, in Continent the market presented improvements towards all routes due to the decreased offeres capacity. Rates of the bigger vessels of the category, regarding round trips increased at $27-28,5 K/ day, to the other side of Mediterranean with scrap cargo at $20-21 K/ day and for transatlantic trips at $ 20-22 K/ day.
The Mediterranean continued with improved rates, due to increased demand from the Black Sea. Larger vessel rates (over 36K tonnes DWT) regarding trips in the Mediterranean moved between $18-19.5K/day (delivery at Canakkale), to Continent at $19.5-20.5K/day (delivery to Canakkale), to the other side of the Atlantic at $17.5-19K/day (delivery to Canakkale) and to Asia at $23-24K/day.
On the other side of the Atlantic Basin, in the US Gulf we saw a rise with several closes taking place at higher levels, compared to the previous week. Indicatively, the fares of the largest vessels of the category for trips to the other side of the Atlantic ranged from $16-17K/day and to Asia at $17-18K/day.
In the East Coast of South America (ECSA) market the market presented reduced activity with only trips to Asia commanding a premium. Thus, the charterers of larger ships from the ECSA area for Transatlantic trips (Europe – Mediterranean) moved between $28-29.5K/day and to Asia at $26.5-28K/day.
In Asia, the market showed no signs of improvement, instead moving downwards in both Indonesia and Australia as well as in the north. Only the North Pacific offered some alternatives. In the Gulf of the Middle East and W. C. India the picture was slightly better as generally there was a balance between supply and demand. Far East and NOPAC round trip rates for the bigger vessels of the category closed at $15.5-17K/day, from N.A. Asia to China at $17-18K/day and from the W. C. India to China at $11.5-13K/day.

''and don’t forget to stay safe and read our reports to pass time...''