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

Congestion at Australian ports following severe storm https://lloydslist.maritimeintelligence.informa.com/LL1136217/Cong…ng-severe-storm