Quote from migra

The Suez canal situation is starting to cause increased nervousness in the dry bulk market. Although there has been little evidence of any meaningful change in freight rates, the risk of a rate spike is leading traders to take cover, pushing freight futures higher in the process.

danas smo na pmax APR 26K u prošlom naletu 18.03. FFA se odbio od 28k

a u ovom naletu?

koji su dometi?

procjene ,očekivanja?

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Panamax Technical Report

The index has traded above our upside target with the Elliott wave count suggesting we have the potential to test the USD 26,184 high in the near-term. A close above the USD 25,153 would indicate that momentum is improving based on price; however, it is important to note the RSI remains in divergence,

warning that buying momentum is showing signs of weakness, suggesting there is potentially a wave 4

corrective move coming after the index has made a new high.

April 21

Technically the downside move below the USD 21,897 level has been breached, meaning we are in a neutral phase. However, the Elliott wave count that started on the 03/03/21 currently consists of only 4

waves, suggesting we should in theory trade above the USD 28,250 high with an upside target at the USD

29,022.

Ironore futures rather muted despite positive inventory data as concerns over demand outlook lingers. According to MySteel, rebar production up 1.47% this week to 3.52 mil tonnes while total inventory was down by 3.88% to 17.26 mil tonnes, indicating robust steel consumption.

Evergreen itself is now diverting ships around the Cape of Good Hope.                                                          

Capesize
Apr FFA +18% to $24,000
May FFA +9% to $25,125

Panamax
Apr FFA +14% to $26,250

Gridlock in the Suez Canal — What this could mean for bulkers https://ctmmc.medium.com/gridlock-in-th…rs-410e88a4f21e

The current traffic awaiting transit include:

• 63 bulk carriers (4.3m dwt) including eight capes and 34 panamax and supramaxes. Two bulk ore carriers https://lloydslist.maritimeintelligence.informa.com/LL1136246/Suez…inkId=114512601

With blockage at Suez, it doesn’t look like a walk in the park at Panama either...

@MarineTraffic

seems to report 110 vessels at Pacific anchorage for example.

Dry Bulk Time Charter Estimates https://alibrashipping.com/data/

Dry Bulk Freight and FFA Market Insights https://twitter.com/BalticExchange

Baltic Dry-indeksen er ifølge The Baltic Exchange -1,0 prosent til 2.172 poeng, skriver TDN Direkt.

Capesize + 0,7 prosent til 18.490, mens Panamax - 0,9 prosent til 24.167. Handysize - 2,5 prosent til 21.217, mens Supramax - 3,0 prosent til 22.227.

Freight futures am update Capesize up ~7%

Panamax up ~8%

Commodities across the metals, petrochemicals and agriculture sectors that typically ship in container vessels are increasingly turning to dry bulk vessels. https://www.spglobal.com/platts/en/mark…n=hootsuitepost

Quote from Manu

Drugim riječima ako brod dočeka početak sljedećeg tjedna u ovakvom stanju vozarine bi mogle poluditi.

$6bn and counting: Suez snarl-up stretches into third day with warning salvage could take weeks https://splash247.com/6bn-and-counti…into-third-day/

Blokirani na dan 24.03.

• 41 bulk carriers (2.9m dwt) including six capes and 20 panamax and supramaxes. Two bulk ore carriers

• 24 crude tankers, including three VLCCs and nine suezmaxes

• 33 containerships, including four of 197,000 dwt-plus (including Ever Given) which puts them in the 20,000 teu category.

• 16 LPG or LNG carriers

• 15 product tankers including three long range two ships. These will likely be carrying 90,000-tonne cargoes of jet fuel or diesel to Europe or the Mediterranean. https://lloydslist.maritimeintelligence.informa.com/LL1136229/Suez…nded-Ever-Given

Jučer je bilo blokirano

• 15 product tankers including three long range two ships. These will likely be carrying 90,000-tonne cargoes of jet fuel or diesel to Europe or the Mediterranean.

Coal Remains King In China https://www.breakwaveadvisors.com/insights/2021/…s-king-in-china

This remains wonderful for the dry bulk market.

Panamax FFA trading: transition to 82,500 dwt index 5 April https://balticexchange.com/en/news-and-ev…ex-5-april.html

Baltic Dry-indeksen er onsdag - 3,4 prosent til 2.194 poeng, ifølge The Baltic Exchange.

• Capesize - 3,9 prosent til 18.366 dollar pr. dag.
• Panamax - 4,4 prosent til 24.383 dollar pr. dag.
• Handysize - 2,2 prosent til 21.768 dollar pr. dag.
• Supramax - 2,0 prosent til 22.921 dollar pr. dag.

Freight futures am update
Capesize down ~2%
Panamax down ~4%

Baltic Capesize index -4% to $18,366
Brazil/China -4% to $18,241