Last time Panamax rates hit current level was in September 2010.
At that time a 15yr old pmx was valued at $25m vs $12m now.....
Posts by jasko
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Weekly Dry Time Charter Estimates
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Panamax Bulk Carrier Rates Hit Over 10-year High
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2022 raste, 2023 raste https://www.eex.com/de/marktdaten/…%20Future%22%7D
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CHINA’S ONE-SIDED RECOVERY DRIVES IRON ORE MARKET BACK UP https://www.bimco.org/news/market_an…-market-back-up
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Another Large Chinese Purchase of US Corn
- The United States Department of Agriculture (USDA) today reported sales of 1.224 million tons of corn to China (exporters are required to report to the USDA any export sales activity of 100,000 tons or more of any commodity). All of the corn will be shipped during the current grain season which ends on August 31st. Today's sale comes on the heels of yesterday's 1.156 million ton sale, which marked the first 100,000 ton+ sale to China reported since January 29th. As we have continued to stress in our work, US corn exports remain poised to surge during the next several months.
There could be more demand for corn imports as China faces a threat from armyworm, which attack corn among other crops.
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Capes pushing from the start with levels up over 5% across the curve on above average volume. Panamax again strong buying from grain guys taking us too new highs ... up over 10%.
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Baltic Dry Index Rises 4.36% to 2,105 in London
Capesize +3.8% to $17,931
Panamax +9.47% to $21,909
Supramax 58k tons +0.61% to $23,005
Handysize +1.7% to $21,929 -
Freight futures am update
Capesize up ~6%
Panamax up ~10%Ovo ide u svemir ..... Ali na ZSE to ništa izgleda ne valja.... 😌
Tek smo na početku ciklusa.
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Freight futures am update
Capesize up ~6%
Panamax up ~10% -
Special guest Hans-Christian Olesen joins us to discuss the Baltic Exchange’s new Handysize index and the transition from Panamax 4TC to 5TC in our freight market special. https://freightinvestorservices.com/blog/fis-casta…cedented-times/
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Panamax
Support....... Resistance
S1 21274....,, R1 24737
S2 20553....,, R2 25306
S3 19576...... R3 26117
Supramax
Support........ Resistance
S1 21658...... R1 23749
S2 21076...... R2 25706
S3 20490...... R3 28200
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Panamax
Apr. 25500
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Pmax
Apr. 24125
May 23000
Q2... 22800
Smax
Apr. 22500
May 21000
Q2... 20400
Pmax
Apr. 25000
May 24000
Q2... 23350
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Pmax
Apr. 24125
May 23000
Q2... 22800
Smax
Apr. 22500
May 21000
Q2... 20400
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The April Panamax futures have put in another fine performance today on the back of an equally stellar performance for the
index. Both are up nearly USD 900 on the day as the we creep ever closer to the USD 26,875 high; at this rate we should be
there by Monday! The one-hour futures are showing a negative divergence now, suggesting we need to see price and momentum push on, otherwise the futures might drop back into a corrective phase first. Wave analysis is bullish. -
A 10-year-old Japan-built supramax is up 40% since the start of the year, now priced at about $14m, while a similarly-aged kamsarmax is at $21m from $15m just six weeks ago. https://lloydslist.maritimeintelligence.informa.com/LL1136137/Hot-…econdhand-ships
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Weekly Vessel Valuations Report
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The Baltic Dry Index today surpassed 2,000, the first time since October of last year. Over the last decade, the BDI has been above the 2,000 mark in 84 days, or ~3% of the time.
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Volatility in freight should increase – In 2021, we expect demand growth for dry bulk shipping to total almost 3x
the growth in net new supply, and although utilization is still well below the record high levels of the 2000s,
directionally, utilization is heading to new multi-year highs that have the potential to push shipping rates much
higher. We anticipate volatility to increase this year, and although such a turbulent environment might seem scary
at times, it is a characteristic for shipping that was in hibernation for most of the past decade but is about to wake
up and make potential trading returns very attractive subject to prudent risk management, while the lack of
investment vehicles for investors will at times exaggerate such returns, as it happened in past cycles....... https://static1.squarespace.com/static/5a4d1d2…2021+Report.pdf