Capesize FFAs rising significantly this morning:
Apr +30% to $15,250
May +8% to $16,250
Jun +8% to $17,500

A large Chinese mill sold SS400 and SAE grade coils at $690/t and $710/t fob, respectively, to South Korea and Vietnam this week. There is also demand from South America, but given the tight vessel availability, shipowners do not even offer for the freight.

Supramax

Market kept the momentum from previous week. BSI raising with magnificent gain on all routes. Strong physical demand in both basins, though the feeling is toppish. Push after Chinese New Year in the Asian market seems still have some room to improve. Rates in the Atlantic reaching high USD 20k and low USD 30k, depends on origin. Supra reporting at USD 28k fixed from Cont to East Med with scrap cargo, and similar rates paid for clinker cargo from East-West Med to West Africa. Rates in the USG for TA is getting close to FH rate USD 31k-33k for Supra-Ultra. It was rumored Ultramax fixed delivery Mobile USD 42k TCT with petcoke to India. Rates in the Indian Ocean were the “winners” of the week. Supra fixing at solid USD 20k for backhaul cargo from MEG to USG.

Baltic Dry Index Falls 1.47% to 1,675 in London
Capesize -2.2% to $11,934
Panamax -3.3% to $17,920
Supramax 58k tons +0.64% to $20,662
Handysize +2.05% to $17,288

Na burzi treba gledati budućnost........... ATHENS, Greece, Feb. 26, 2021 (GLOBE NEWSWIRE) -- Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Tongli Shipping Pte. Ltd., for one of its Panamax dry bulk vessels, the m/v Ismene. The gross charter rate is US$16,500 per day, minus a 5% commission paid to third parties, for a period until minimum October 15, 2021 up to maximum December 15, 2021. The charter is expected to commence on March 7, 2021. The m/v Ismene was chartered, as previously announced, to Phaethon International Company AG, at a gross charter rate of US$10,800 per day, minus a 5% commission paid to third parties.

Investment case: Although our dry bulk share index has risen 78% since November as investors are positioning for a post-pandemic party, we still see another 102% potential upside over the next two years amidst asset prices potentially +50%. The lowest dry bulk orderbook vs fleet on our record going back to the 1990s means that only limited demand growth is needed to push fleet utilization higher. An expected post-pandemic resurgence in coal and minor bulks during 2021E and a normalization of Brazilian iron ore exports during 2022E is more than enough to potentially catapult earnings, asset and share prices to decade-highs. Amidst this backdrop, Genco remains our top pick being the cheapest of the liquid dry bulk stocks. We reiterate our BUY recommendation and $16 target price. https://fda195ed-9571-42ec-b092-d42af79f832c.usrfiles.com/ugd/fda195_872…815920450cd.pdf

Webinar - Dry Bulk Shipping Market Outlook Feb 2021

Iron ore market seen as the cornerstone of a new commodities super cycle  “In the years to come, it’s highly probable that a great many investors will look back on 2020 and wonder how they missed these signs of a new commodity bull market” https://www.breakwaveadvisors.com/insights/2021/…-of-a-lifetime-

China’s economy is gradually recovering to pre-pandemic levels, with factory output rising at its fastest rate in ten years. There is little reason to expect any other country being the main source of excess demand for commodities in 2021, as China returns to old methods of building its way out of a downturn.

It will, however, probably not be alone. Governments around the globe have already made their intentions plain on to drive a recovery from the pandemic through spending on aging or missing infrastructure, which will create additional demand for industrial commodities like iron ore and copper.

Shipping is the lifeblood but also the workhorse of global economy. Norwegian shipping tycoon Erling Naess put it nicely a few year ago: “God must have been a shipowner. He placed the raw materials far from where they were needed and covered two thirds of the earth with water."

To je ta prica. Kad Ameri i ostali krenu s infrastrukturom vozarine ce probiti vrhove iz 2008-2010.

https://www.cfr.org/backgrounder/state-us-infrastructure

Prestaro je to sve i prenapregnuto.

Procjena je da fali 2.000 mlrd USD financiranja, a sad je idealna prilika za to, s niskim kamatama.

Seven out of 10 bulk carriers are ‘non-eco’ with the Energy Efficiency Existing Ship Index (EEXI) likely coming into existence in just two years’ time, something that will require urgent modifications to the existing fleet or significant scrapping. “It is therefore likely that vessel supply will be squeezed by vessels’ average speed reducing with vessels fitting Engine Power Limit devices, an increase in dry docking and, for older tonnage, an increased incentive to scrap and for owners to look at fleet renewal,” Galbraiths suggested. https://splash247.com/seven-out-of-1…ready-for-eexi/

Vidim da svi čitamo iste stranice ali evo neka se nađe:

Freight futures am update

Capesize up ~2%
Panamax flat

Baltic Dry Index Falls 1.43% to 1,651 in London
Capesize -2.14% to $11,679
Panamax -2.68% to $17,439
Supramax 58k tons +0.05% to $20,672
Handysize +1.0% to $17,461

Handy preskočio Pnmx... kad se to prije ikad dogodilo? Nikad!

Shipping Weekly 9/2021 https://fda195ed-9571-42ec-b092-d42af79f832c.usrfiles.com/ugd/fda195_2d0…d8b5842ade8.pdf

Chinese bulk carrier operator Jinhui Shipping and Transportation has announced the acquisition of 2004-built 53,806 dwt supramax bulker Avra from Sea Venture Navigation, a unit of Greek owner Blue Plant Shipping.

The Chinese-built vessel was sold for a price of $7.275m, significantly higher than VesselsValue’s valuation of $4.62m and MSI fair market value of $4.9m.

Jinhui Shipping said that management considers the purchase price highly attractive and expects the ship to generate a steady stream of income for the company. https://splash247.com/jinhui-shippin…lanet-shipping/

Quote from jasko

Chinese bulk carrier operator Jinhui Shipping and Transportation has announced the acquisition of 2004-built 53,806 dwt supramax bulker Avra from Sea Venture Navigation, a unit of Greek owner Blue Plant Shipping.

The Chinese-built vessel was sold for a price of $7.275m, significantly higher than VesselsValue’s valuation of $4.62m and MSI fair market value of $4.9m.

Jinhui Shipping said that management considers the purchase price highly attractive and expects the ship to generate a steady stream of income for the company. https://splash247.com/jinhui-shippin…lanet-shipping/

A još ljepše je ovo novo naglo proljetno zelenilo na futuresima ovaj put ravnomjerno raspoređeno po klasama.

Capesize prompt FFAs +8% in morning trading

Kaze señor Joakim H

China's Coastal Surge & An Unprecedented Lunar New Year

US-based dry bulk owner is bullish on the sector this year, and is even more so for 2022 due to a continuing shrinking fleet https://lloydslist.maritimeintelligence.informa.com/LL1135962/Genc…dry-bulk-market