Asia VLCCs Face Pressure of Low Rates
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- Category: Mercados - Fletes- Cotizaciones
- Published on Saturday, 21 March 2015 06:36
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MAREX
Rates for very large crude carriers (VLCCs) on key Asian routes will face further pressure next week even as owners resist attempts to push rates lower, brokers said.
Ship owners were showing a united front to keep rates above 50 on the Worldscale measure from the Middle East to Asia, a Singapore-based VLCC broker said on Friday.
"Nobody is doing anything below W50. Owners are keeping numbers up," the broker said.
Oil majors including Chevron, Shell and BP had all chartered VLCCs at freight rates above W50 this week, Reuters freight data showed.
But the broker questioned how long ship owners could stop rates falling as the amount of available tonnage is increasing. "Owners seem to be
BIMCO: Dry Bulk to Recover Slightly in Q2, But Rates Will Remain Under $10,000
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- Category: Mercados - Fletes- Cotizaciones
- Published on Monday, 16 March 2015 07:00
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Capesize vessels are being scrapped younger
BIMCO Friday said since early December 2014 conditions in the dry bulk shipping market have been “extremely bad”, but the second quarter of 2015 may be looking up slightly.
On 18 February, the Baltic Dry Index (BDI) hit an all-time low of 509, with Capesize, Panamax, and Handysize bulkers all making less than $5,000 per day on the spot market and Supramax freight rates were only marginally higher at $5,002 per day.
BIMCO predicted that Capesize time charter rates for the second quarter of 2015 would fall within the range of $3,000 to $9,000 per day, while during the same period Panamax
Baltic Dry Index (BDI)
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- Category: Mercados - Fletes- Cotizaciones
- Published on Monday, 16 March 2015 06:43
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Daily Market: This page contains the latest Dry Bulk Shipping News
13 March 2015
Baltic Dry Index (BDI) +2 562
Rates
|
BCI |
(Cape index) |
BPI |
(Panamax index) |
BSI |
(Supramax index) | ||
| INDEX |
378 |
-16 |
585 |
-1 |
606 |
+10 |
|
| SPOT TC AVG | (USD) |
3982 |
-111 |
4692 |
-5 |
6334 |
+107 |
| YESTERDAY | (USD) |
4093 |
4697 |
6227 |
|||
| YEAR AGO | (USD) |
20952 |
8956 | 12368 |
Spot TC Average = The Average Value of the Main Shipping Routes applicable for each of the 3 types of Ships
BDI=The Weighted Composite Index of BCI/BPI/BSI
Ships Beached for Scrap as Returns Reach Record Low
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- Category: Mercados - Fletes- Cotizaciones
- Published on Friday, 13 March 2015 07:42
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March 13, 2015
(Bloomberg) -- Scrap yards are preparing for record numbers of freighters as shipping rates tumble to all-time lows.
Owners may demolish 40 million deadweight tons of dry bulk carriers, more than double last year’s total, according to Arctic Securities ASA in Oslo. Rates to ship commodities slumped 66 percent last year amid a glut of capacity, the worst performance since the global recession.
China’s combined imports of iron ore and coal, the market’s biggest cargoes, fell to a two year low last month, according to customs data. The