Subscribe to our Mailing Lists (It's free!)
Monday, June 5, 2023
SAFETY4SEA
  • Home
  • Safety
    • All
    • Accidents
    • Alerts
    • Loss Prevention
    • Maritime Health
    • Regulation
    • Safety
    • Seafarers
    • Security
    Worker looses life in incident on Woodside’s North Rankin Complex

    Worker looses life in incident on Woodside’s North Rankin Complex

    EU proposes new measures for safe and green shipping

    EU proposes new measures for safe and green shipping

    UK MAIB

    Lessons learned: Never leave the scene of a collision until everything is under control

    Lessons learned: Always ensure you have an accurate picture of the traffic situation before departure

    Lessons learned: Always ensure you have an accurate picture of the traffic situation before departure

  • SEAFiT
    • All
    • Intellectual
    • Mental
    • Physical
    • Social
    • Spiritual
    Book Review: A role model for ship managers

    Book review: The politics of sustainability in the Arctic

    contemplation as a spiritual practice

    Contemplation: Directing the mind towards what’s important

    power of hug

    The power of hugging: How it affects our health

    Impostor Syndrome

    Mental Health Focus: How to deal with Impostor Syndrome

  • Green
    • All
    • Arctic
    • Ballast
    • Emissions
    • Fuels
    • Green Shipping
    • Pollution
    • Ship Recycling
    • Technology
    Grimaldi orders two new ammonia ready car carriers

    Grimaldi orders two new ammonia ready car carriers

    MT NORE METHANOL BUNKERING BUNKER ONE

    Bunker One launches methanol-ready bunker tanker

    Smart Green Shipping and NTS join Winds of Change

    Smart Green Shipping and NTS join Winds of Change

    Maersk: Electricity availability limits e-fuels in the maritime industry

    Maersk: Electricity availability limits e-fuels in the maritime industry

  • Smart
    • All
    • Connectivity
    • Cyber Security
    • E-navigation
    • Energy Efficiency
    • Maritime Software
    • Smart
    The Zulu 4 canal vessel completed a 16.5-kilometre circuit using autonomous and remote operations technology

    Kongsberg completes another autonomous vessel operation

    ONE orders 10 vessels ready for methanol and ammonia

    ONE joins GSBN in paperless trade

    Kongsberg completes autonomous operation of coastal vessel

    Kongsberg completes autonomous operation of coastal vessel

    communication onboard, connectivity

    IMO Sub-Committee considers introduction of VDES into SOLAS

  • Risk
    • All
    • CIC
    • Detentions
    • Fines
    • PSC Case Studies
    • PSC Focus
    • Vetting
    Ship detentions in Paris MoU in February 2021

    AMSA bans bulk carrier Babuza Wisdom for 90 days

    tanker arrested in singapore

    AMSA convicts master and company after pilot ladder injury

    amsa planned maintenance fic

    OCIMF Annual Report 2023: Key amendments and additions under SIRE 2.0

    civil penalties, fines

    Spain fines tanker for illegal STS transfer

  • Others
    • All
    • Diversity in shipping
    • Maritime Knowledge
    • Offshore
    • Ports
    • Reports
    • Shipping
    • Sustainability
    • Videos
    What does Europe’s ‘Fit for 55’ mean for shipping?

    FEPORT: Policymakers should ensure a level playing field has context menu

    IMO and South Korea sign agreement for gender equality in developing countries

    IMO and South Korea sign agreement for gender equality in developing countries

    BIMCO Q2 2023: Dry bulk market outlook

    BIMCO Q2 2023: Dry bulk market outlook

    Port of Stephenville to become green hydrogen hub

    Port of Stephenville to become green hydrogen hub

  • Columns
    Back To The Future: How Rotor Sails are now a credible option to tackle climate challenge

    Back To The Future: How Rotor Sails are now a credible option to tackle climate challenge

    eu ets maritime

    The EU’s objectives for sustainable shipping

    METIS: Digitalisation can assist vessels to achieve optimum performance and minimise their emissions

    METIS: Digitalisation can assist vessels to achieve optimum performance and minimise their emissions

    Trending Tags

    • Book Review
    • Career Paths
    • Industry Voices
    • Interviews
    • Maripedia
    • Maritime History
    • Resilience
    • Seafarers Stories
    • SeaSense
    • Wellness Corner
  • Events
  • Plus
No Result
View All Result
  • Home
  • Safety
    • All
    • Accidents
    • Alerts
    • Loss Prevention
    • Maritime Health
    • Regulation
    • Safety
    • Seafarers
    • Security
    Worker looses life in incident on Woodside’s North Rankin Complex

    Worker looses life in incident on Woodside’s North Rankin Complex

    EU proposes new measures for safe and green shipping

    EU proposes new measures for safe and green shipping

    UK MAIB

    Lessons learned: Never leave the scene of a collision until everything is under control

    Lessons learned: Always ensure you have an accurate picture of the traffic situation before departure

    Lessons learned: Always ensure you have an accurate picture of the traffic situation before departure

  • SEAFiT
    • All
    • Intellectual
    • Mental
    • Physical
    • Social
    • Spiritual
    Book Review: A role model for ship managers

    Book review: The politics of sustainability in the Arctic

    contemplation as a spiritual practice

    Contemplation: Directing the mind towards what’s important

    power of hug

    The power of hugging: How it affects our health

    Impostor Syndrome

    Mental Health Focus: How to deal with Impostor Syndrome

  • Green
    • All
    • Arctic
    • Ballast
    • Emissions
    • Fuels
    • Green Shipping
    • Pollution
    • Ship Recycling
    • Technology
    Grimaldi orders two new ammonia ready car carriers

    Grimaldi orders two new ammonia ready car carriers

    MT NORE METHANOL BUNKERING BUNKER ONE

    Bunker One launches methanol-ready bunker tanker

    Smart Green Shipping and NTS join Winds of Change

    Smart Green Shipping and NTS join Winds of Change

    Maersk: Electricity availability limits e-fuels in the maritime industry

    Maersk: Electricity availability limits e-fuels in the maritime industry

  • Smart
    • All
    • Connectivity
    • Cyber Security
    • E-navigation
    • Energy Efficiency
    • Maritime Software
    • Smart
    The Zulu 4 canal vessel completed a 16.5-kilometre circuit using autonomous and remote operations technology

    Kongsberg completes another autonomous vessel operation

    ONE orders 10 vessels ready for methanol and ammonia

    ONE joins GSBN in paperless trade

    Kongsberg completes autonomous operation of coastal vessel

    Kongsberg completes autonomous operation of coastal vessel

    communication onboard, connectivity

    IMO Sub-Committee considers introduction of VDES into SOLAS

  • Risk
    • All
    • CIC
    • Detentions
    • Fines
    • PSC Case Studies
    • PSC Focus
    • Vetting
    Ship detentions in Paris MoU in February 2021

    AMSA bans bulk carrier Babuza Wisdom for 90 days

    tanker arrested in singapore

    AMSA convicts master and company after pilot ladder injury

    amsa planned maintenance fic

    OCIMF Annual Report 2023: Key amendments and additions under SIRE 2.0

    civil penalties, fines

    Spain fines tanker for illegal STS transfer

  • Others
    • All
    • Diversity in shipping
    • Maritime Knowledge
    • Offshore
    • Ports
    • Reports
    • Shipping
    • Sustainability
    • Videos
    What does Europe’s ‘Fit for 55’ mean for shipping?

    FEPORT: Policymakers should ensure a level playing field has context menu

    IMO and South Korea sign agreement for gender equality in developing countries

    IMO and South Korea sign agreement for gender equality in developing countries

    BIMCO Q2 2023: Dry bulk market outlook

    BIMCO Q2 2023: Dry bulk market outlook

    Port of Stephenville to become green hydrogen hub

    Port of Stephenville to become green hydrogen hub

  • Columns
    Back To The Future: How Rotor Sails are now a credible option to tackle climate challenge

    Back To The Future: How Rotor Sails are now a credible option to tackle climate challenge

    eu ets maritime

    The EU’s objectives for sustainable shipping

    METIS: Digitalisation can assist vessels to achieve optimum performance and minimise their emissions

    METIS: Digitalisation can assist vessels to achieve optimum performance and minimise their emissions

    Trending Tags

    • Book Review
    • Career Paths
    • Industry Voices
    • Interviews
    • Maripedia
    • Maritime History
    • Resilience
    • Seafarers Stories
    • SeaSense
    • Wellness Corner
  • 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

BIMCO Q2 2023: Dry bulk market outlook

Allianz: Key trends in maritime decarbonization

  • 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

What does Europe’s ‘Fit for 55’ mean for shipping?

FEPORT: Policymakers should ensure a level playing field has context menu

June 2, 2023
IMO and South Korea sign agreement for gender equality in developing countries

IMO and South Korea sign agreement for gender equality in developing countries

June 2, 2023
MARITIME EVENTS

Explore

  • Safety
  • SEAFiT
  • Green
  • Smart
  • Risk
  • Others
  • SAFETY4SEA Events
  • SAFETY4SEA Plus Subscription

Useful Links

  • About
  • Disclaimer
  • Editorial Policies
  • Advertising
  • Contact

© 2021 SAFETY4SEA

No Result
View All Result
  • Safety
    • Accidents
    • Alerts
    • Loss Prevention
    • Maritime Health
    • Regulation
    • Safety
    • Seafarers
    • Security
  • SEAFiT
    • Intellectual
    • Mental
    • Physical
    • Social
    • Spiritual
  • 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 Case Studies
    • PSC Focus
    • Vetting
  • Others
    • Diversity in shipping
    • Maritime Knowledge
    • Offshore
    • Ports
    • Reports
    • Shipping
    • Sustainability
    • Videos
  • Columns
    • Opinions
    • Book Review
    • Career Paths
    • Industry Voices
    • Interviews
    • Maripedia
    • Maritime History
    • Resilience
    • Seafarers Stories
    • SeaSense
    • Wellness Corner
  • SAFETY4SEA Events
  • SAFETY4SEA Plus Subscription

© 2021 SAFETY4SEA

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