The Baltic Exchange, the world’s independent source of maritime market data, has issued its reports for the last week, 22-26 Nov 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 was a mixed bag this week as routes ebbed and flowed giving little clear direction for traders. The market carried through positive sentiment from the prior week, yet was unable to sustain gains on the 5TC by midweek and bounced by close on Friday as the 5TC settled at $32,393, up $2455 week on week.
- Weather concerns earlier in the week disrupted tonnage schedules coming from North Asia, which put pressure on the routes in the region. The Pacific West Australia to China C5 closed the week at $12.164 while the Transpacific C10 settled at $31,598.
- The positive bump to close the week was led by strengthening in the Brazilian market to Asia as the C3 lifted $1.61 to settle at $27.785. The timecharter route Brazil-China C14 still lags the other regions as it closed out the week at $27,027.
Panamax
- The Panamax market witnessed an impressive rebound this week gaining back the losses experienced last week. The market ended the week on a more solid footing.
- In the Atlantic, as much of the early tonnage was cleared away, this paved the way for improved levels as a decent amount of fresh demand came to the fore especially from the Americas.
- Kamsarmax tonnage with a delivery AG/WC India position were seen to be achieving in the region of $23,000 for trips via EC South America. Asia began the week on a slow burn with little action of note. However, by midweek some improved support saw rates perk into life – particularly from NoPac.
- An 87,000-dwt delivery Japan achieving $22,000 for a trip via NoPac redelivery Singapore-Japan.