Subscribe to our Mailing Lists (It's free!)
Wednesday, July 6, 2022
SAFETY4SEA
  • Home
  • Safety
    • All
    • Accidents
    • Alerts
    • Loss Prevention
    • Maritime Health
    • Regulation
    • Safety
    • Seafarers
    • Security
    imca lessons learned

    Lessons learned: Injury after anchor wire end pulled free of drum clamps

    imca lessons learned

    Lessons learned: Risk assessments should cover safest means of stern to quay mooring

    crew change indicator

    Crew Change Indicator: Transition to new normal now confirmed

    australia border restrictions

    Australia lifts COVID-19 border restrictions

  • Green
    • All
    • Arctic
    • Ballast
    • Emissions
    • Fuels
    • Green Shipping
    • Pollution
    • Ship Recycling
    • Technology
    bunker supplier licensing schemes

    IBIA, BIMCO survey highlights desire for bunker supplier licensing schemes

    onshore power supply

    ESPO, FEPORT call for onshore power supply “where it makes sense”

    portland fossil fuel terminals

    Portland could limit expansion of fossil fuel terminals

    north sea green corridor

    North Sea green corridor to be developed with two methanol-fueled feeder ships

  • Smart
    • All
    • Connectivity
    • Cyber Security
    • E-navigation
    • Energy Efficiency
    • Maritime Software
    • Smart
    mayflower autonomous ship

    Mayflower Autonomous Ship completes transatlantic voyage

    k line ai

    K Line to use AI to protect cyber security of ship-shore communication

    emsa drones italy

    Drones help Italy improve its maritime safety and security

    acua ocean

    Autonomous hydrogen-fueled MASS gets approval

  • Risk
    • All
    • CIC
    • Detentions
    • Fines
    • PSC Focus
    Cargo Vessel Allegedly Carrying Stolen Ukrainian Grain

    Windward: Cargo ship allegedly carrying stolen Ukrainian grain potential indicator of “more brazen Russia”

    paris mou

    2021 Paris MoU Annual Report

    one misdeclared cargo

    ONE to implement penalty fee for misdeclared cargo

    master first officer fined

    Master, First Officer to pay $75,000 for compliance breach in Great Barrier Reef

  • Others
    • All
    • Diversity in shipping
    • Maritime Knowledge
    • Offshore
    • Ports
    • Reports
    • Shipping
    • Sustainability
    • Videos
    clausing bill of lading

    Swedish Club published guide for the practical and theoretical aspects of bills of lading

    crew welfare

    Modern problems affecting crew welfare and the way forward

    methane emissions

    How oil majors threaten climate targets

    port of long beach

    Port of Long Beach extends Green Ship Incentive Program

  • Columns
    UK Chamber of Shipping: Electrification will play a key role in the industry’s decarbonization

    UK Chamber of Shipping: Electrification will play a key role in the industry’s decarbonization

    fire onboard

    Examining Ro-Ro/-Pax, PCTC fires

    IMO: Digitalization paves the way for smarter and greener shipping

    IMO: Digitalization paves the way for smarter and greener shipping

    Trending Tags

    • Career Paths
    • Industry Voices
    • Maripedia
    • Maritime History
    • Resilience
    • Seafarers Stories
    • SeaSense
  • Events
  • Plus
No Result
View All Result
  • Home
  • Safety
    • All
    • Accidents
    • Alerts
    • Loss Prevention
    • Maritime Health
    • Regulation
    • Safety
    • Seafarers
    • Security
    imca lessons learned

    Lessons learned: Injury after anchor wire end pulled free of drum clamps

    imca lessons learned

    Lessons learned: Risk assessments should cover safest means of stern to quay mooring

    crew change indicator

    Crew Change Indicator: Transition to new normal now confirmed

    australia border restrictions

    Australia lifts COVID-19 border restrictions

  • Green
    • All
    • Arctic
    • Ballast
    • Emissions
    • Fuels
    • Green Shipping
    • Pollution
    • Ship Recycling
    • Technology
    bunker supplier licensing schemes

    IBIA, BIMCO survey highlights desire for bunker supplier licensing schemes

    onshore power supply

    ESPO, FEPORT call for onshore power supply “where it makes sense”

    portland fossil fuel terminals

    Portland could limit expansion of fossil fuel terminals

    north sea green corridor

    North Sea green corridor to be developed with two methanol-fueled feeder ships

  • Smart
    • All
    • Connectivity
    • Cyber Security
    • E-navigation
    • Energy Efficiency
    • Maritime Software
    • Smart
    mayflower autonomous ship

    Mayflower Autonomous Ship completes transatlantic voyage

    k line ai

    K Line to use AI to protect cyber security of ship-shore communication

    emsa drones italy

    Drones help Italy improve its maritime safety and security

    acua ocean

    Autonomous hydrogen-fueled MASS gets approval

  • Risk
    • All
    • CIC
    • Detentions
    • Fines
    • PSC Focus
    Cargo Vessel Allegedly Carrying Stolen Ukrainian Grain

    Windward: Cargo ship allegedly carrying stolen Ukrainian grain potential indicator of “more brazen Russia”

    paris mou

    2021 Paris MoU Annual Report

    one misdeclared cargo

    ONE to implement penalty fee for misdeclared cargo

    master first officer fined

    Master, First Officer to pay $75,000 for compliance breach in Great Barrier Reef

  • Others
    • All
    • Diversity in shipping
    • Maritime Knowledge
    • Offshore
    • Ports
    • Reports
    • Shipping
    • Sustainability
    • Videos
    clausing bill of lading

    Swedish Club published guide for the practical and theoretical aspects of bills of lading

    crew welfare

    Modern problems affecting crew welfare and the way forward

    methane emissions

    How oil majors threaten climate targets

    port of long beach

    Port of Long Beach extends Green Ship Incentive Program

  • Columns
    UK Chamber of Shipping: Electrification will play a key role in the industry’s decarbonization

    UK Chamber of Shipping: Electrification will play a key role in the industry’s decarbonization

    fire onboard

    Examining Ro-Ro/-Pax, PCTC fires

    IMO: Digitalization paves the way for smarter and greener shipping

    IMO: Digitalization paves the way for smarter and greener shipping

    Trending Tags

    • Career Paths
    • Industry Voices
    • Maripedia
    • Maritime History
    • Resilience
    • Seafarers Stories
    • SeaSense
  • Events
  • Plus
No Result
View All Result
SAFETY4SEA

Baltic Exchange: Maritime market highlights 12-16 Jul

by The Editorial Team
July 19, 2021
in Shipping
baltic exchange

Above image is used for illustration purposes only / Credit: Shutterstock

FacebookTwitterEmailLinkedin

The Baltic Exchange, the world’s independent source of maritime market data, has issued its reports for the last week, 12-16 Jul 2021, to provide information about the tanker and bulk market performance. The information is used by shipbrokers, owners & operators, traders, financiers, and charterers as a reliable and independent view of the dry and tanker markets.

Bulk carriers

-Capesize

  • The Capesize market endured a week of eroding value across all regions as the 5TC lowered $2,430 week on week to settle at $28,572.
  • While the Pacific’s West Australia to Qingdao C5 route closed out Friday up 25 cents to $10.841, appetite from major charterers in the spot market on this route have appeared tepid of late.
  • Activity to the east of Australia for coal cargoes to Northern Asia remains strong while those coal cargoes destined for Europe, admittedly not so frequent, have been required to pay up for the longer duration backhaul route.

-Panamax

RelatedNews

Swedish Club published guide for the practical and theoretical aspects of bills of lading

Baltic Exchange: Maritime market highlights 25 June-04 July

  • A week of declines for the Panamax market in all basins as the gains seen in recent weeks began to erode. In the Atlantic Basin there were one or two bright spots namely the grains run ex-North France to China and Black Sea demand that ultimately never wavered.
  • However, tonnage and ballaster build-up negatively impacted rates overall with several APS load port fixtures reported, an 81,500-dwt agreeing $40,000+$465,000 delivery APS US East coast for a trip back to Skaw-Gibraltar.

-Ultramax/Supramax

  • A lackluster week with limited fresh inquiry and lengthening tonnage lists in many areas. Limited period activity was recorded with both sides watching for any clear direction, but a 63,000-dwt open China was fixed for four to six months trading at $36,000.
  • Despite rates remaining relatively firm from the east Mediterranean generally other areas saw slightly lowering rates.
  • A 55,000-dwt was reported fixed delivery Gibraltar via west Mediterranean redelivery west Africa at $39,000.

-Handysize

  • A week of mainly positive moves with the indices moving up a further 18 points to a new yearly high of 1669 points, this despite a general lack of activity in East, and East Coast South America seeing levels soften whilst the market awaits the batch of requirements.
  • The US Gulf has been more active with a 36,000-dwt fixing a petcoke cargo to the Western Mediterranean at $30,000.
  • The Asia markets were quiet this week with brokers talking of a growing tonnage list as the week progressed, though a re-emerging logs market did offer some support.
  • The Indian Ocean also remained firm with a 29,000-dwt fixing basis delivery Chittagong via East Coast India with redelivery southeast Asia at $30,000.

 

Tankers

-VLCC

  • In the Middle East, the market for 280,000mt to US Gulf (routing via the Cape/Cape) continues to be assessed around the WS18-18.5 mark while rates for 270,000mt to China have remained flat at WS31.5 (showing a round-trip TCE of minus $5.6k/day).
  • In the Atlantic, rates for 260,000mt West Africa to China improved by almost two points to WS34.5-35 level (a TCE of minus $1.1k/day round trip) and 270,000mt US Gulf to China is still being rated at $3.95m (a roundtrip TCE of about minus $670/day).

-Suezmax

  • In the 130,000mt Nigeria/UK Continent market rates have gained 2.5 points to WS52 (a round-trip TCE of about minus $1.1k/day).
  • Meanwhile in the Mediterranean rates for 135,000mt Black Sea/Med remain pegged at WS60 (a round-trip TCE of minus $7k/day).
  • The market for 140,000mt Basrah/Med took a 3.5 point hit this week and now sits at just shy of WS25.

-Aframax

  • In the Mediterranean, the market softened with rates for 80,000mt Ceyhan/Lavera losing 4.5 points to WS88 (showing a round-trip TCE of $1.3k/day).
  • In Northern Europe, the market remained relatively flat with the rate for 80,000mt Cross-North Sea maintaining WS93 (a round trip TCE of minus $5.5k/day).
  • A similar sentiment was seen in the 100,000mt Baltic/UK Continent market with rates unmoved at WS60 (a round trip TCE of minus $1.3k/day).
  • Across the Atlantic, the market has improved a little, mostly due to a tightening of tonnage positions in the short term for voyages from East Coast Mexico.

-Clean

  • The clean market continues to lack direction this week though there were some positive moves in the East and as a result the BCTI rose from 445 points to 464 by publication.
  • The Middle East was slightly positive with LR2s to Japan (TC1) rising by over 13 WS points to 88.33, a TCE of $3,868.  There have been a number of LR2 fixtures this week at improving numbers from WS80 to NAVIG8 PROVIDENCE (110 kdwt / 2018) placed on subjects for AG/Japan at WS90.
  • The LR1s from MEG to Japan gaining 11 points to WS90 and a TCE of $2,233, and MEG to UK-Cont largely flat at $/t 20.63.
Tags: Baltic Exchangebulk carriersshipping marketsmtankersVLCC

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

bunker supplier licensing schemes

IBIA, BIMCO survey highlights desire for bunker supplier licensing schemes

July 5, 2022
onshore power supply

ESPO, FEPORT call for onshore power supply “where it makes sense”

July 5, 2022
MARITIME EVENTS

Newsletter

GET THE SAFETY4SEA IN YOUR INBOX!

Explore

  • Safety
  • Green
  • Smart
  • Risk
  • Others
  • Events
  • Plus

Useful Links

  • About
  • Disclaimer
  • Editorial Policies
  • Advertising
  • Contact

© 2021 SAFETY4SEA

No Result
View All Result
  • Safety
    • Alerts
    • Accidents
    • Loss Prevention
    • Maritime Health
    • Regulation
    • Safety
    • Seafarers
    • Security
  • Green
    • Arctic
    • Ballast
    • Emissions
    • Fuels
    • Green Shipping
    • Pollution
    • Ship Recycling
    • Technology
  • Smart
    • Connectivity
    • Cyber Security
    • E-navigation
    • Energy Efficiency
    • Maritime Software
    • Smart
  • Risk
    • CIC
    • Detentions
    • Fines
    • PSC Focus
    • Vetting
  • Others
    • Diversity in shipping
    • Maritime Knowledge
    • Offshore
    • Ports
    • Reports
    • Shipping
    • Sustainability
    • Videos
  • Columns
    • Opinions
    • Career Paths
    • Industry Voices
    • Maripedia
    • Maritime History
    • Seafarers Stories
    • SeaSense
  • Events
  • Plus

© 2021 SAFETY4SEA

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Disclaimer.