China set for record-busting soybean demand as African swine fever wanes
According to S&P Global Platts Analytics, China is forecast to import all-time high levels of 100 and 104 million mt in 2020-21 and 2021-22 marketing years (October -September). https://www.hellenicshippingnews.com/china-set-for-…ne-fever-wanes/
Container ship scores ‘off the charts,’ ‘fantasy’ charter rate: $135,000/day https://www.freightwaves.com/news/container…rate-135000-day
Chinese policy, strikes, port delays and expectations for higher iron ore exports out of Brazil makes short-term predictions tough for dry bulk, but as key global economies recover from lockdown conditions, strong demand for dry bulk commodities will likely translate into higher earnings. The first four months of the year had record-breaking volumes, with demand reaching 1.69bn tonnes, an increase of 6.1% compared with the year-earlier period. That is the highest-ever start to a year, although it is slightly lower than the 1.72bn tonnes shipped in the final four months of 2020. https://lloydslist.maritimeintelligence.informa.com/LL1136985/Week…hold-back-rates
A positive day for Supramax paper with rates pushing across
the curve, encouraged by a positive index. June was the main
mover, pushing $750 through the day to $27000 high. Q3 and
Q4 pushed to respective highs $25350 and $21000. Cal22
ticked up through the day to $15500.
Dry Bulk Correction Underway. Where Is The Bottom? https://www.breakwaveadvisors.com/insights/2021/…4onzv496l56gstx
Bulker: Older Supramax values have firmed.
Panamax Soroco (78,900 DWT, Mar 2008, Sanoyas) sold for USD 15.50 mil, VV value USD 15.89 mil.
Supramax Orange Island (50,800 DWT, Feb 2010, Oshima) sold to Chinese buyers for USD 13.50 mil, VV value USD 14.17 mil.
Handy Bulker Sider Syros (36,800 DWT, Nov 2016, Minami Nippon) sold to Xiamen Shipbuilding Ind for USD 20.50 mil, VV value USD 20.79 mil.
Handy Bulker New General (35,000 DWT, Sep 2011, Shikoku Dockyard) sold for USD 13.60 mil, VV value USD 13.57 mil.
Handy Bulker Cherry Island (28,200 DWT, Feb 2014, I-S) sold for USD 11.00 mil, VV value USD 12.39 mil – SS/DD Due.
Display MoreRoute Description Size Value ($) Change
BCI 5 T/C routes 180000 23731 -1301
BPI 5 T/C routes 82500 25693 481
BSI 10 T/C routes 58328 27012 7
BHSI 7 T/C routes 38200 24083 -14
BDI INDEX 2530 -38
Panamax 4 T/C + 2% 24357
Route Description Size Value ($) Change
BCI 5 T/C routes 180000 23731 -1301
BPI 5 T/C routes 82500 25693 481
BSI 10 T/C routes 58328 27012 7
BHSI 7 T/C routes 38200 24083 -14
BDI INDEX 2530 -38
Baltic #Capesize index -5,2 % to $23731
Brazil/China -5% to $23k/d
Jul FFA -11% to $32k/d
Aug FFA -9% to $32k/d
The recent strong growth in demand for Panamax and Supramax ships has largely been driven by agricultural goods, with record exports and imports being registered across the world. Chinese imports of agricultural goods have risen strongly, with coarse grain and wheat up by 155.2% in the first four months of the year – a total of 19.1 million tonnes, compared with last year’s figure of just 7.5m tonnes. China has upped its purchase of grains, not only to feed its growing pig herd but also to build up a stockpile in response to the vulnerabilities revealed over the past year. https://www.hellenicshippingnews.com/dry-bulk-shipp…o-decade-highs/
Route Description Size Value ($) Change
BCI 5 T/C routes 180000 25032 -582
BPI 5 T/C routes 82500 25212 371
BSI 10 T/C routes 58328 27005 -537
BHSI of the 7 T/C routes 38200 24097 -73
BDI INDEX 2568 -28
The World Trade Organization forecasts that merchandise trade will grow by 8.0% in 2021 (after a 5.3% drop in 2020), with container and dry bulk shipping both seeing record high volumes so far this year. https://www.bimco.org/news/market_an…_macroeconomics
Rebound for cape futures as the steel markets bounce back
Sljedeća dva tjedna su ključna...........
BCI 5TC 25032 -582
Danas njušim preokret
Strong dry bulk market makes Norden raise its guidance again https://shippingwatch.com/carriers/Bulk/…ippingwatch_com
WEEKLY MARKET INSIGHT Friday, 28 May 2021
Strong start on capesize after the long weekend
Market as of 07:45 London time
