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The Chinese ban on coal imports from Australia has shaken up coal trades in the east.
Panamax: The Panamax 5 time-charter average yielded a loss of $1,326 on the week to publish on closing at $25,447, which is a realistic reflection of the corrective week the Panamax market has experienced following last week’s dramatic rises. The weekly dry bulk market report contains a summary of the recent movements in the market, alongside the latest figures for average dry bulk earnings and Baltic Dry Indices.
Panamax: A momentous week for the Panamax market, with sharp rises witnessed on all spot trading at rates not seen for many years. The weekly dry bulk market report contains a summary of the recent movements in the market, alongside the latest figures for average dry bulk earnings and Baltic Dry indices.
Capesize: It was another rollercoaster week with high activity on the west Australia and Brazil to China routes. The weekly dry bulk market report contains a summary of the recent movements in the market, alongside the latest figures for average dry bulk earnings and Baltic Dry indices.
Capesize: The market has surged during the last couple of days of the week to trade in the upper region of its recent range. The weekly dry bulk market report contains a summary of the recent movements in the market, alongside the latest figures for average dry bulk earnings and Baltic Dry indices.
Handysize: The BHSI broke 1,000 points this week, the first time since mid October 2010 when the 28,000-dwt was the benchmark vessel. The weekly dry bulk market report contains a summary of the recent movements in the market, alongside the latest figures for average dry bulk earnings and Baltic Dry indices.
After a turbulent year, low demand looks set to plague the market in the coming months combined with too many ships fighting for too few cargoes in both the crude oil and oil product segments.
Ultramax/Supramax: Like the larger sizes, it was a very positive week with a shortage of prompt tonnage and strong sentiment. The weekly dry bulk market report contains a summary of the recent movements in the market, alongside the latest figures for average dry bulk earnings and Baltic Dry indices.
This year, BIMCO has expanded its ice reporting to cover the Northern Chinese, Japanese and Greenland sea areas, and can advise on contractual issues related to ice clauses.
Capesize: The market was predictably quiet by the end of the week with many traders absent for the beginning of Chinese New Year. The weekly dry bulk market report contains a summary of the recent movements in the market, alongside the latest figures for average dry bulk earnings and Baltic Dry indices.
