BCI timecharter of the 5 T/C routes 180000 37453 2106

BPI timecharter of the 5 T/C routes 82500 22949 -322

BSI timecharter of the 10 T/C routes 58328 23423 233

BHSI timecharter of the 7 T/C routes 38200 20037 161

BDI 2889 +81

Indicative Dry Bulk Values (US$ million)
23 Apr 19 Mar ±% Min Avg Max
Capesize
180k dwt Resale 54.00 51.00 5.9% 34.5 46.6 54.0
180k dwt 5 year old 40.00 37.00 8.1% 23.0 30.2 40.0
170k dwt 10 year old 28.50 27.25 4.6% 12.0 21.0 28.5
150k dwt 15 year old 18.50 17.50 5.7% 6.5 12.9 18.5
Panamax
82k dwt Resale 32.50 32.00 1.6% 22.5 29.1 32.5
82k dwt 5 year old 27.50 26.50 3.8% 11.5 21.1 27.5
76k dwt 10 year old 20.00 19.00 5.3% 7.3 13.1 20.0
74k dwt 15 year old 14.00 12.50 12.0% 3.5 8.4 14.0
Supramax
62k dwt Resale 30.50 29.50 3.4% 19.0 26.4 30.5
58k dwt 5 year old 21.00 19.50 7.7% 11.0 16.4 21.0
56k dwt 10 year old 15.00 14.00 7.1% 6.0 11.8 15.0
52k dwt 15 year old 10.50 9.50 10.5% 3.5 7.6 10.5
Handysize
37k dwt Resale 25.75 23.00 12.0% 17.0 21.7 25.8
37k dwt 5 year old 20.00 17.50 14.3% 7.8 14.3 20.0
32k dwt 10 year old 12.50 11.50 8.7% 6.0 9.2 12.5
28k dwt 15 year old 7.25 6.75 7.4% 3.5 5.5 7.3 https://www.hellenicshippingnews.com/wp-content/upl…_compressed.pdf

Dry Bulk Poised for Further Gains https://capitallinkshipping.com/dry-bulk-poised-for-further-gains/

"the bigger picture for dry bulk shipping rates remains positive in the short to mid-term" https://www.hellenicshippingnews.com/finally-some-b…r-for-iron-ore/

The 10-year average ratio of freight cost for Brazil/China to spot iron ore prices has been around 19%. Currently, it is less than 14%. The average translates to spot RV rates of almost 50,000, versus ~30,500 currently.                                                                                                                                             

Quote from jasko

BDI 2808

Cape 180 dwt 5 tc Index $35347: (UP 585) MTD $27,463 YTD: $19,219

Panamax Curve 5TC $23271: (DOWN 396) MTD $21,065 YTD: $19,014

FIS Pmx 4TC Curve $21935 (DOWN 396) MTD $19,729 YTD: $17,678

SMX AVG 10tc $23190: (UP 258) MTD $20,632 YTD: $17,443

Baltic Dry Index Rises 0.72% to 2,808
Capesize +1.68% to $35,347
Panamax -1.77% to $21,935
Supramax 58k tons +1.13% to $23,190
Handysize +1.26% to $17,910

Secondhand sales volumes set for highs not seen since 2007 https://splash247.com/secondhand-sal…een-since-2007/

BDI 2808

Cape 180 dwt 5 tc Index $35347: (UP 585) MTD $27,463 YTD: $19,219

Panamax Curve 5TC $23271: (DOWN 396) MTD $21,065 YTD: $19,014

FIS Pmx 4TC Curve $21935 (DOWN 396) MTD $19,729 YTD: $17,678

SMX AVG 10tc $23190: (UP 258) MTD $20,632 YTD: $17,443

Supras remain in great demand and short supply. Maria (58,730-dwt, 2011
SPP) and Medi Segesta (58,730-dwt, 2009 Tsuneishi Cebu) are sold at $15.9m
and $14.5 respectively. http://www.hartlandshipping.com/wp-content/upl…-April-2021.pdf

AP Libertas (75,213-dwt, 2008) fixed delivery retro Tuticorin

16 April for a trip via East coast South America to Singapore-Japan range at

$24,500. http://www.hartlandshipping.com/wp-content/upl…-April-2021.pdf

Baltic Capesize-indeks er opp 1,7 prosent til 35.347 dollar pr dag

Shipping Weekly 16/2021 https://fda195ed-9571-42ec-b092-d42af79f832c.usrfiles.com/ugd/fda195_7c0…dd24fcf8321.pdf

Dry Bulk: Capesize earnings rose another 22% w/w to $35k/d over the past week on the back of a very active Atlantic market. Bullish owners find comfort in booming iron ore exports, amidst 10-year high iron ore prices, but also that coal and bauxite volumes are improving. Capesize Eibhlin (2011, JP) reported sold at $30.5m, reflecting asset prices +36% since January & 12% above our revised asset prices just two weeks ago.

Čekamo BPI 4 T/C

BDI 2788 +38

BCI timecharter of the 5 T/C routes 180000 34762 954

BPI timecharter of the 5 T/C routes 82500 23667 -509

BSI timecharter of the 10 T/C routes 58328 22932 521

BHSI timecharter of the 7 T/C routes 38200 19654 372

Joakim zaspao

Baltic Dry Index Rises 1.38% to 2,788
Capesize +2.82% to $34,762
Panamax -2.23% to $22,331
Supramax 58k tons +2.32% to $22,932
Handysize +2.15% to $17,688

Baltic Capesize-indeks er opp 2,8 prosent til 34.762 dollar pr dag

Tanker Market Earnings https://www.nat.bm/wp-content/upl…ates-210423.pdf

Capesize trading better this morning May 34950 +1150 June 31600 +1000

Panamax trading firmer May 22750 +600 June 20850 +500

Novi poslovi za europsko tržište
AD Plastik Grupa ugovorila je nove poslove s kupcem Stellantis u ukupnoj vrijednosti od 17,3 milijuna
eura i s predviđenim trajanjem projekta od deset godina. Stellantis je jedna od najvećih automobilskih
grupacija u svijetu po broju proizvedenih automobila, nastala spajanjem FCA i PSA Grupe https://eho.zse.hr/fileadmin/issu…97fd0dc6add.pdf

Genco Shipping & Trading Limited (GNK)

New 2022 Dividend Estimate and Fleet Renewal Intact

.Our FY2022 dividend estimate is $2.25/share is based on our 2022 EBITDA estimate of $171.3 million, which implies a current yield of 16.4%. Assuming TCE rates of $18.8k/day and TCE revenue of $272 million, operating cash flow should approximate $164 million. Incorporating debt amortization of $24 million, drydock capex of $11 million, and a reserve of $34 million, net cash flow of $95 million ... https://www.channelchek.com/news-channel/G…_Renewal_Intact

CHART OF THE DAY: Iron ore prices have surged to a ~10-year high of almost $175 a tonne, fast making a run for the all-time high (note that pre-2012 data is monthly, and more recent data is daily, as the structure of the iron ore market changed)

Optimism in the dry bulk sphere

Full steam ahead

Always accounting for the usual volatility which is of course an inherent element of the freight market, the bigger picture for dry bulk shipping rates remains positive in the short to mid-term. Robust demand for major dry bulk commodities, the need for stock rebuilding, the decade-low orderbook, market’s confidence depicted in the forward curve, environmental challenges, energy efficiency standards and their technological requirements, as well as forecasts for improved fleet utilisation rate over the next couple of years, all paint a positive picture for dry bulk shipping players to finally capitalise on a long-awaited market turnaround. https://www.drybulkmagazine.com/dry-bulk/22042…ry-bulk-sphere/