-
Capesize 、Panamax、Supramax、Handysize dry bulk vessel Performance
1,828views 2015-06-26 16:14The BDI was flat in May with the performance across all vessel categories showing a divergent trend. While the BCI staged solid recovery and rose 43% m/m, the BPI dropped ~20% m/m in May and registered the largest monthly decline. The BSI and BHSI moved 4% and -3% respectively over the last month.
• Capesize earnings were up ~21% m/m to USD 5,517pd. The mid-month increase in Chinese iron ore imports led by declining inventory at ports and dearth of tonnage in Atlantic fuelled a rally in Capesize rates. Higher daily earnings in the Pacific sustained throughout the month backed by ample cargo availability and were up ~13% in May. Meanwhile in the Atlantic, daily earnings dropped towards the end of May because of reduced seaborne iron ore movement and sufficient prompt tonnage.
• Panamax earnings slumped ~19% m/m to USD 4,191pd. The Pacific market was active with increased seaborne coal movements from Australia and Indonesia to India, but the volume was not large enough to have positive effect on freight rates due to a large number of open vessels. China’s coal imports declined ~41% y/y to 14.3m tonnes, and this decline was the main reason behind the drastic fall in freight rates.
• For Supramax vessels, grain volumes from ECSA to the Far East and the Continent helped activity in the Atlantic region. Increased Chinese nickel ore imports and coal exports from Indonesia to India aided freight rates in the Pacific region.
• Activity in the Handysize vessel segment remained dull as charterers preferred to use larger vessels in the Transatlantic trade. However, freight rates in the Far East improved because of a better supply-demand balance.
Source: Drewry Maritime Equity Research
-
Recent Articles
- Dry Bulk Net Fleet Growth in 2018 At 3%
- 【权威】重磅,压载水公约今日起对我国正式生效!
- China’s 2018 iron ore imports fall 1 pct,first annual drop since 201
- 2019年干散货海运贸易将小幅增长
- Coal shipment from South Africa arrives in Ukraine Black Sea por
- Asia Dry Bulk-Capesize rates could slip further on uncertain cargo
- China compiled price index for iron ore used for first time
- China’s September coal output down 2.2 percent
- Iron ore at risk of slumping below $US50
- India’s September coal imports slump 27 pct to 12.6 mln tonnes
Hot Articles
- Panamax bulker rates ‘up by the hour’
- Coal shipment from South Africa arrives in Ukraine Black Sea port: Ministry
- Asia Dry Bulk-Capesize rates could slip further on uncertain cargo demand
- China compiled price index for iron ore used for first time
- Iron ore recovers as Chinese buyers cautiously return
- Soy and sugar cargoes boost South Atlantic rates
- Banks begin cautious return to lending as markets settle
- 【权威】重磅,压载水公约今日起对我国正式生效!
- 印尼宣布自12日起禁止出口一切原矿
- 2019年干散货海运贸易将小幅增长