The Phase One Deal: Not Dead In The Water

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Sve manje i manje https://www.mojedionice.com/trg/IzvDionica…sifSim=ATPL-R-A

How high? Supramax and handysize bulker rates at levels not seen in 11 years https://www.tradewindsnews.com/bulkers/how-hi…ears/2-1-974710

Goldman Sachs predicts a $2 trillion infrastructure investment the next 10 years. A massive multiplier effect on commodities and cape vessels demand.

Petter Haugen iz Kepler Cheuvreuxa vjeruje da postoje dobre šanse da Capesize ide preko 100 000 dolara dnevno 2021. godine. https://finansavisen.no/nyheter/shippi…-capesizeratene

The dry bulk S&P market saw plenty of ships changing hands for yet another week as rates for supra and handies hit decade highs.

“This surge in rates naturally attracts buying interest which subsequently continues to push asset values higher. The fresh sale of the BWTS-fitted 10-year-old 36,826 dwt Cielo Di San Francisco serves as a good example of this trend. EastGate reports the Korean-built ship was committed at a strong price of $13m, a substantial jump when compared with sistership Cielo di Dublino which was committed for $10.75m in early February.  https://splash247.com/weekly-broker-…joys-an-uptick/

Baltic Dry Index Rises 0.91% to 1,779 in London
Capesize -0.26% to $13,874
Panamax +2.51% to $18,568
Supramax 58k tons +0.62% to $20,903
Handysize +0.81% to $17,824

Freight futures am update Capesize flat
Panamax up ~3%

2020 Bulkers on Wednesday (Mar03) converted the index-linked charter hire for Bulk Sao Paulo and Bulk Santos into a fixed rate charter hire at US$27,200 per day, gross, from 4 March 2021 until 31 December 2021. . 2020 Bulkers has eight Newcastlemax dry bulk vessels in operation.. https: // www. vesselfinder.com/news/20295-2020-Bulkers-Ltd-2020-Conversion-of-index-linked-charter-hire-for-Bulk-Sao-Paulo-and-Bulk-Santos

Cape -0,3% / 13.874 usd

The total volume of iron ore that was exported to worldwide destinations
from Australia and Brazil increased the past week.
The total quantity transported the 8th week of the year was 23 million
tonnes, of which 13 million tons were transported to Chinese ports. The
Australian iron ore shipments rose to 16.5 million tonnes, while Brazil
improved its iron ore exports to 6.5 million tonnes from its nine ports. https://www.dnfanalysis.com/CMS/imageFolder/1614853369.pdf

Globus, a dry bulk shipping company, announced that it has secured a new charter employment for its vessel MV. Sky Globe (a 56,855-deadweight ton Supramax dry bulk carrier built in 2009, at the Kouan Shipbuilding Industry Shipyard).

The vessel has been chartered to an unrelated charterer. The charter commenced on March 2, 2021 and has a minimum duration of four months (minus 15 days) and a maximum duration of six months (plus 15 days) at the charterer’s option, which is expected to generate gross revenue of approximately $1.67 million assuming the charter continues for the minimum scheduled period and approximately $3.1 million if the charter continues for the maximum period, in each case assuming no offhire days. http://www.shippingherald.com/globus-maritim…e-mv-sky-globe/

Baltic Dry-indeksen er onsdag + 5,4 prosent til 1.763 poeng, ifølge The Baltic Exchange.

• Capesize + 14,5 prosent til 13.910 dollar pr. dag.
• Panamax + 3,1 prosent til 18.114 dollar pr. dag.
• Handysize + 0,5 prosent til 17.680 dollar pr. dag.
• Supramax + 0,5 prosent til 20.775 dollar pr. dag.

Freight futures am update Capesize up ~5%
Panamax up ~3%

The Panamaxes keep going                                                                                                                                                

BALTIC CAPESIZE-INDEKS +14,5% TIL USD 13.910/DAG

China's coal consumption seen rising in 2021, imports steady https://www.reuters.com/article/china-coal-idUSL3N2L12A9

Breakwave Dry Bulk Shipping ETF (BDRY) https://finance.yahoo.com/quote/BDRY/

Not sure who noticed but after weeks of levitating in place at ~$420, scrap steel has popped back up to nearly $500.

Huge revisions in projected scrap value incoming.

The most active rebar futures in Shanghai surges 5%, as the construction industry starts building houses leading to more demand, and the delivery of import steel remains at a low level in Jan-April.