Posts by jasko
-
-
Cape Index up 3,086 to 29,823$/day. With that surge the 2010 index on the same day is surpassed, we thus have the best rate for this time of the year since 2009!
-
Today, the Baltic Capesize Index increased by 11,5% to $29 823 per day.
-
BCI 5 T/C routes 180000 23139 2047
BPI 5 T/C routes 82500 14615 -443
BSI 10 T/C routes 58328 12918 226
BHSI 7 T/C routes 38200 11116 84BDI INDEX 1752 +76
-
BCI 5 T/C routes 180000 21092 1111
BPI 5 T/C routes 82500 15058 -294
BSI 10 T/C routes 58328 12692 276
BHSI 7 T/C routes 38200 11032 300BDI INDEX 1676 +44
-
BCI 5 T/C routes 180000 19981 -397
BPI 5 T/C routes 82500 15352 220
BSI 10 T/C routes 58328 12416 431
BHSI 7 T/C routes 38200 10732 346BDI INDEX 1632 +3
-
Crew from the Rubymar cargo carrier abandoned ship after two Houthi missiles hit the Belize-flagged general cargo carrier late Sunday. The ships operator, Blue Fleet Group, says the ship is listing and in danger of sinking Ship in danger of sinking after being hit by Houthi rockets :: Lloyd's List (lloydslist.com)
-
BCI 5 T/C routes 180000 20378 74
BPI 5 T/C routes 82500 15132 315
BSI 10 T/C routes 58328 11985 202
BHSI 7 T/C routes 38200 10386 99BDI INDEX 1629 +19
-
-
Belships REPORT 4TH QUARTER 2023 Market highlights
In the fourth quarter, the Baltic Supramax Index (BSI-58) averaged USD 14 159 per day –
significantly up from USD 10 028 per day in the preceding quarter. The Baltic Ultramax Index (BSI63) averaged USD 16 189 per day in the fourth quarter, up from USD 11 837 per day in the third
quarter. The market peaked in December when the Supramax index reached USD 17 213 per day,
which translated into almost USD 20 000 per day for Ultramax vessels.
Asset values followed suit and rose gradually in the fourth quarter. By the end of the year values
were back to about the same levels as at the start of the year. Even though long-term interest rates
rose during 2023, they receded in the fourth quarter, and we would opine that this contributed to
rising ship values. Ship values have continued to rise in 2024, especially for modern vessels which
continue to be markedly higher in demand than less economical older ships.
According to Fearnleys, preliminary estimates for Q4 2023 shipment volumes were 283 million
tonnes, an all-time high, after the previous record of 279 million tonnes in the preceding quarter.
The highest growth (quarter-on-quarter) was seen in iron ore (67 per cent), coal (9 per cent) and
steel products (10.6 per cent). Minor bulks (-11 per cent), grains (-7 per cent) and fertilizers (-3 per
cent) contributed negatively. We continue to observe a variation in growth figures of each
commodity type from one quarter to another, however, total shipment volumes were up 1.2 per
cent quarter on quarter, and total demand appeared robust throughout 2023.
Port congestion, as measured by the average waiting time in port for ships to discharge, continued
at close to the same levels as in the third quarter. However, waiting time in port for ships to load
increased somewhat due to delays in South America caused by low inland water levels. Reduced
capacity in the Panama Canal also reduced efficiency, causing longer sailing distances for vessel
operating in and out of the Atlantic Ocean. This effect has continued into 2024, and further
inefficiencies are added from vessels avoiding transits through the Red Sea and the Suez Canal. As
we have highlighted before, changes in port congestion, voyage duration and/or vessel speeds
affect the overall vessel efficiency in the dry bulk market on a short-term basis more than a change
in the number of newbuildings in the orderbook.
33 Supra/Ultramax vessels were delivered in Q4 2023, compared to 32 vessels in the previous
quarter, according to Fearnleys. At the time of writing this report, 16 new vessels have been
delivered in 2024, with about 160 scheduled for delivery this year. However, actual deliveries are
likely to be slightly lower due to slippage or cancellations. Fleet growth has been around 3.5 per
cent since May 2023. According to Fearnleys, this rate of fleet growth will be maintained through
2024. The number of ships delivered per quarter compares to an existing fleet of Supra/Ultramax
vessels on the water today of about 4 100 in total. The orderbook for dry bulk remains close to alltime lows at about 8 per cent.
Relatively low newbuilding activity for dry bulk continues as the lack of conviction and alternatives
for fuel and propulsion systems appear to restrain new orders. Higher input costs as well as full
orderbooks and continued high demand for other vessel segments dictate the position with
shipyards.
Available delivery positions with reputable shipyards appear increasingly distant, with some new
orders being reported in 2027, and even 2028. A potential lead time of four years for a bulk carrier is
unprecedented. Belships ASA - quarter report (globenewswire.com) -
BCI 5 T/C routes 180000 20304 454
BPI 5 T/C routes 82500 14817 210
BSI 10 T/C routes 58328 11783 143
BHSI 7 T/C routes 38200 10287 74BDI INDEX 1610 +29
-
BCI 5 T/C routes 180000 19663 1897
BPI 5 T/C routes 82500 12851 83
BSI 10 T/C routes 58328 11450 39
BHSI 7 T/C routes 38200 10381 -97BDI INDEX 1516 +80
-
BCI 5 T/C routes 180000 17708 410
BPI 5 T/C routes 82500 15263 54
BSI 10 T/C routes 58328 11711 34
BHSI 7 T/C routes 38200 10735 -5BDI INDEX 1519 +19
-
Eurodry Ltd. $EDRY's Presentation
Eurodry Ltd. (EDRY) Update & Outlook - Capital Link Presentation Series | 1.23.24 (youtube.com) -
BCI 5 T/C routes 180000 17298 -489
BPI 5 T/C routes 82500 15209 241
BSI 10 T/C routes 58328 11677 131
BHSI 7 T/C routes 38200 10740 -15BDI INDEX 1499 -8
-
BCI t 5 T/C routes 180000 17787 375
BPI 5 T/C routes 82500 14968 455
BSI 10 T/C routes 58328 11546 188
BHSI 7 T/C routes 38200 10755 34BDI INDEX 1507 +34
-
-
Panamax locks: Dry bulk transits drive drop
Transits via the Panamax locks fell 4.3% in December versus November, compared to a 19.3% sequential fall in November.
Dry bulk shipping was the primary driver of declines yet again last month, with a 31% sequential drop in transits in December following a 47% sequential collapse in November.The fourth quarter marks the peak of U.S. exports of soybeans to Asia, with those volumes bolstered by continued exports of corn and wheat.
Agribulk cargoes are carried aboard Panamax-size or smaller vessels due to terminal restrictions in both the U.S. Gulf and Asia.
Panamaxes laden with U.S. farm exports shifted from Panama to the Suez Canal route in the fourth quarter of 2023. These ships have continued to ply this route despite attacks in the Red Sea, although diversions to the Cape of Good Hope are now starting to pick up, following attacks on two U.S.-owned bulkers in the past week.
-
BCI 5 T/C routes 180000 18608 3243
BPI 5 T/C routes 82500 13946 514
BSI 10 T/C routes 58328 11328 13
BHSI 7 T/C routes 38200 10692 15BDI INDEX 1503 +146
-
BCI 5 T/C routes 180000 15365 990
BPI 5 T/C routes 82500 13432 418
BSI 10 T/C routes 58328 11315 -113
BHSI 7 T/C routes 38200 10677 -56BDI INDEX 1357 +49