Baltic index hits 5-1 / 2 year high as iron ore vessel demand surges
in Dry Bulk Market, International Shipping News 19/07/2019
The Baltic Exchange’s main sea freight index rose on Thursday to its highest since December 2013, driven by demand for vessels shipping iron ore in the Atlantic, pushing capesize and panamax indices to multi-year highs.
The Baltic index, which tracks rates for ships ferrying dry bulk commodities, rose 3.2%, or 66 points, to 2,130, its highest since mid-December, 2013. The index has surged about 68% so far this year.
The index extended gains for an eighth straight session, mainly driven by demand for vessels that ship iron ore from Brazil to China.
A restart of Vale SA’s Brucutu mine in Brazil, which was shut in early February after a tailings dam burst, has prompted increased demand from the country.
The capesize index rose 161 points, or 3.9%, to 4,256 points, its highest since December 2017. The
average daily earnings for capesizes, which typically transports 170,000 tons-180,000 tons, such as iron ore and coal, rose $ 1,146 to $ 32,219.
“Vale’s big-style comeback on the Brazil / China combined with increasing transatlantic volumes make up the main driver (or caepsizes),” said Fearnleys said in a note.
“With a high number of Capes, Newcastle machines and Valemaxes going out of service for drydock / scrubber fitting, following weeks / months are expected to see climate maintained and further strengthened,” Fearnleys said.
The panamax index rose 49 points, or 2.4%, to 2,134 points, its highest since December 2010.
Average daily earnings for panamaxes, which usually carry coal or grain cargoes of about 60,000 tonnes to 70,000 tonnes, rose $ 392 to $ 17,053.
Tight spot market for capesize vessels has driven iron ore shippers to book panamax vessels, driving rates higher, analysts said.
The supramax index edged 25 points higher to 953 points.
Source: Reuters (Reporting by Nallur Sethuraman in Bengaluru; Editing by James Emmanuel)
U Kini i danas porast svih indeksa :-))))
Supramaxi dobro potegnuli
Supramaxi danas na pacifiku
6.500 $
9.100 $
11.100 $
I to velike supre 57.000 tona.
Jako loše.
Cape?
Supramaxi danas na pacifiku
6.500 $
9.100 $
11.100 $
I to velike supre 57.000 tona.
Jako loše.
srećom ne vozimo previše po Pacifiku:D
Cape?
BULK: BALTIC CAPESIZE INDEX + 1,7% DO 32765 USD / DAN
Capeovi +1.7%, 32.765$
😀👋👌👏
Hoće li Panamaxi danas postotno rasti više od Cape-ova!?
Vjerojatno da… Pričekajmo!
Bdi i danas plus.
Evo malo brojeva
BPI viši od danasnjih 2.134 zadnji puta videno 16.12.2010
Panamaxi zadnji puta viši od 17.000$ videno 14.03.2011
BDI zadnji puta visi od 2.130 , 08.10.2013
Evo malo.i o capeovima
Znači pr vozarina capeova za ovaj tjedan rasla je 16.66% u odnosu na tjedan prije.
I jos malo Cijeli YTD do 14.07 , raste sa 21.07 za nevjerovatnih 6,16% pazi ovo za samo tjedan dana.
Nazdravlje
Panamax?