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Capesize: In the Pacific, the week began with promising involvements from all three majors, yet this enthusiasm did not translate into substantial market gains, yielding a relatively stagnant atmosphere.
Capesize: The cape market had a sluggish start to the week but gradually exhibited signs of improvement and positivity as the week progressed.
As the Chinese Lunar New Year draws to an end, the container lines have already prepared themselves for a strong rebound. In fact they must have been
Capesize: The Capesize market began the week at the summit of the recent rally.
Sibyl joined BIMCO in 2018 and started her career as a support for BIMCO’s contract editing system SmartCon in Asia. In the meantime, she teams up with BIMCO’s Training Department by hosting courses, particularly in the Far East. Sibyl graduated from the Shanghai Maritime University (SMU) and holds a Master’s degree in International Law.
PANAMAX: A relatively unexpected week as the market recovered strongly during the holidays in Asia. The Baltic Exchange daily fixture report features daily updates on the Baltic exchange indexes, timecharters, periods, voyage fixtures and is listed by ship name, size, delivery place and freight rate. The weekly dry bulk market report by the Baltic Exchange contains news impacting the following segments; capesize, panamax, supramax and handysize.
Capesize: The Capesize market had a positive week overall with the BCI and 5TC route average at 2003 points and $16,609, closing at 2,136 and $17,713.
Capesize: The Capesize market fared little better this week to begin with. However, by Friday green shoots were beginning to emerge as the 5TC saw a low of $13,596 yet closed at $15,460.
Tonne mile demand generated by US crude oil exports has fallen by 9.7% in the first two months of 2021 compared with the start of 2020.
If you missed the “SHIPTERM” webinar on 27 January don’t worry, the recording of the webinar is now available for viewing.
