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    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
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    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
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    • Arctic
    • Ballast
    • Emissions
    • Fuels
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    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

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    The Zulu 4 canal vessel completed a 16.5-kilometre circuit using autonomous and remote operations technology

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    ONE orders 10 vessels ready for methanol and ammonia

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    Kongsberg completes autonomous operation of coastal vessel

    Kongsberg completes autonomous operation of coastal vessel

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    IMO Sub-Committee considers introduction of VDES into SOLAS

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    tanker arrested in singapore

    AMSA convicts master and company after pilot ladder injury

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    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

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    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

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SAFETY4SEA

Baltic Exchange: Maritime market highlights 16-22 April

by The Editorial Team
April 26, 2022
in Shipping
six supply chain innovation teams

Credit: Shutterstock

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The Baltic Exchange has issued its reports for the last week, 16-22 April, to provide information about the tanker and bulk market performance.

Capesize

After several weeks of relatively flat price movement, the Capesize 5TC market has started to show a little positive sentiment with levels pushed to $15,299. Fixture activity on the whole has not been very eventful, yet the Pacific C5 West Australia to Qingdao route was up +0.773 today to $10.741 and has steadily improved over the week.

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Meanwhile, the cargo to vessel ratio in the Atlantic is said to have tightened – especially for prompt positions. The transatlantic C8 has risen +2250 week on week, to settle now at $11,625. Further south in the Atlantic from Brazil, the voyage route C3 Brazil to China currently prices at $26.04 as activity is ticking over although is largely underwhelming. The Capesize market is definitely improving in sentiment, which is a welcome sight for many. However, with the dark shadow of the lockdown situation in Shanghai hanging over all the shipping markets, the Capesize main destination market is unable to fire on all cylinders placing somewhat of a cap on trade at this time.

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Panamax

It was a limited week of trading due to Easter holidays in many regions. A gradual decline across all rates in the Atlantic this week was caused by minimal fresh demand with wide disparity between the bid/offer spread throughout the week. Those owners forced to fix prior to the weekend reluctantly reduced offers with Charterers seemingly holding firm.

Typically, the transatlantic round trips hovered around the $27,000 mark with several deals concluded at or around this level. Asia similarly returned a lethargic week overall, with something of a split two-tier market. The Southern region was largely under pressure, with many smaller/overage ships discounting rates for the limited Indonesia coal trips. Further North, there were glimpses of support found ex NoPac as well as the coal trips ex Australia to India, highlighted by an 82,000-dwt delivery China agreeing a rate of $25,000 for a NoPac trip and a 74,000-dwt delivery China fixing $15,500 for a trip via Indonesia redelivery Vietnam.

Ultramax/Supramax

With many countries enjoying Easter celebrations, the information flow was rather slow. However, key areas saw increased positive sentiment with demand returning from the US Gulf and Asia. Period cover was sought and an Ultramax open China was fixed for four to six months trading at around $34,000. In the Atlantic, the main focus was from the US Gulf which saw increased fresh enquiry.

A 63,000-dwt fixed Delivery SW Pass trip to Egypt at $45,000. Elsewhere, a 55,000-dwt open West Africa was fixed via South Africa redelivery China at $28,750. Stronger demand in Asia helped rates. A 61,000-dwt fixed delivery Kosichang trip via Indonesia redelivery Cambodia at $32,000. Brokers said further north there had been an increased level of NoPac business. However, fixtures were kept under wraps. A rather flat week in the Indian Ocean, but a 56,000-dwt was fixed delivery Fujairah trip via Arabian Gulf redelivery Bangladesh at $38,000.

Handysize

It was a short week for many, but the BHSI made some positive gains after a period of negativity. Brokers spoke of more enquiry in East Coast South America in recent days. A 33,000-dwt fixed from Vitoria to East Coast Mexico at $35,000 and a 40,000-dwt was rumoured to have been placed on subjects for a trip from Recalada to Algeria at $40,000. In the US Gulf a 38,000-dwt was fixed from the US Gulf to Spain in the upper $20,000s.

In Asia, a 28,000-dwt open in North China was rumoured to have been placed on subjects for a trip to South East Asia with an intended cargo of steels at $21,000. A 35,000-dwt open in South East Asia fixed a trip to US West Coast in the Low $30,000s. Period was also active with a 28,000-dwt open in Japan in early May fixing four to six months at $25,000.

Tags: Baltic Exchangedry bulk shippingmaritime tradeshipping industrytankers

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