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Selected News Headlines 2018/Q4

THIS WEEK’S HEADLINES SELECTED BY INTERCARGO (05/11/2018 – 11/11/2018)

Ship collision risk increases as China sees more fishery farms

Several marine incidents in China have been reported involving merchant vessels colliding with fishery farms, mostly off the coast of Lanshan and Rizhao areas where mussel and oyster cultivation form the bulk of aquaculture industry. (Safety4Sea: click here)

 Saras Invests in Mediterranean LSFO Bunkering Terminal Ahead of IMO Switch

Italian refiner Saras is constructing a ship-refueling terminal at its Sardinia plant and will market a new, cleaner marine fuel ahead of a major regulatory change in 2020. (gCaptain: click here)

 22 crew rescued after bulker fire

All 22 crew have been evacuated from a bulker that caught fire off Indonesia. (Tradewinds: click here)

 Antwerp: New municipal Port Police Regulations come into force

Modification 3 of the Municipal Port Police Regulation, the Port Instructions and related forms come into force on the 12th of November 2018. (Bunker Ports News: click here)

 Global dry freight rates drop to 7-week low

Global dry bulk freight rates have fallen to near seven-week lows as slack Chinese demand for iron ore and coal combined with ample vessel capacity, market participants said on Tuesday. The Baltic Dry Index, which tracks rates for all dry bulk vessel types, was assessed last 6% lower on the week, at 1,428 points – the lowest level since 21 September. (Hellenic Shipping News: click here)

China Turns to Russia in Search to Replace U.S. Soybeans

In the search to replace U.S. soybeans, China is turning to Russia. Russia plans to increase production of soybeans in the Far East for deliveries to China, Prime Minister Dmitry Medvedev told reporters in Beijing. The two countries are also planning to work more closely on other agriculture products, including rice, pork, poultry, fish, and to develop logistics. (Hellenic Shipping News: click here)

BHP in Export Shortfall After Train Derailment

BHP’s stockpiles of iron ore at Port Hedland, in Western Australia’s Pilbara region, are not expected to be enough to meet its export contracts following the deliberate derailment of an out-of-control train on Monday. (The Maritime Executive: click here)

Dry Bulk Market: Capesize Market In the Doldrums

Capesize: It was a brutal week for the big ships as rates tumbled on all routes. A BHP Billiton derailment in West Australia sparked fears of a shortfall in shipments leaving the field clear for others to drive rates lower. Panamax: A relatively uneventful week, especially when compared to the Cape market. The Pacific was under pressure all week due to over tonnage, particularly on the early positions, with owners forced to lower their expectations to find cover. Supramax: It was another negative week on the BSI as pressure remained on rates in the Asia arena, but with some resistance evident. Handysize: The BHSI dropped on early October levels, losing the gains made since mid-October. Rates remained weak in both basins, with limited activity and fixing mostly on private terms. (Hellenic Shipping News: click here)

 

 
09.11.2018
WEEK AGO
WEEKLY CHANGE
WEEKLY CHANGE %
52 Week Range
Baltic Dry Index
1,147
1,470
-323
-22.0%
948-1,774
BRENT ($/bbl)
70.4
72.8
-2.4
-3.3%
WTI ($/bbl)
60.5
63.1
-2.7
-4.2%
MGO ROTTERDAM ($/mt)
656.0
670.5
-14.5
-2.2%
MGO  FUJAIRAH ($/mt)
773.0
768.0
+5.0
+0.7%
MGO SINGAPORE ($/mt)
673.5
715.5
-42.0
-5.9%
ULSFO ROTTERDAM, MAX 0.1% SULPHUR ($/mt)
602.5
630.5
-28.0
-4.4%
LSMGO SINGAPORE, MAX 0.1% SULFUR DISTILLATE ($/mt)
665.5
714.0
-48.5
-6.8%
IFO 180 ROTTERDAM ($/mt)
479.0
492.5
-13.5
-2.7%
IFO 180 FUJAIRAH ($/mt)
542.5
549.5
-7.0
-1.3%
IFO 180 SINGAPORE  ($/mt)
530.5
536.0
-5.5
-1.0%
EUR-USD
1.13
1.14
+0.01
+0.9%
GBP-USD
1.30
1.30
0.00
0.0%
USD-JPY
113.83
113.20
-0.63
-0.6%
USD-KRW
1,128.13
1,121.97
-6.16
-0.5%
Sources: KPI Bridge Oil, Bloomberg.com, ShipandBunker.com
29 October 2018 - 04 November 2018

THIS WEEK’S HEADLINES SELECTED BY INTERCARGO (29/10/2018 – 04/11/2018)

“IMO to further consider the challenges of 2020”

In addition to progress made on a number of important issues, the International Maritime Organisation (IMO) at its recent Marine Environment Protection Committee (MEPC 73) listened to the concerns raised by INTERCARGO and others and offered a constructive way forward to potentially address them. (Bunker Ports News: click here)

 China’s Sinopec to Start IMO 2020 LSFO Production in August 2019

Chinese oil giant Sinopec announced on October 18 at a fuel conference in Zoushan, China that it would produce IMO 2020 compliant low sulfur bunker fuels (LSFO) by August 2019. (gCaptain: click here)

IMO Adopts Plan for Addressing Marine Plastic

The IMO has pledged to address the significant problem posed by plastics to the marine environment, with the adoption of an action plan which aims to enhance existing regulations and introduce new supporting measures to reduce marine plastic litter from ships. (The Maritime Executive: click here)

 156 piracy incidents reported in the first nine months of 2018

The ICC International Maritime Bureau’s (IMB) Piracy Reporting Centre (PRC) reported a total of 156 incidents of piracy and armed robbery against ships in the first nine months of 2018 compared to 121 for the same period in 2017. (Safety4Sea: click here)

Bulk Market Correction Comes at a Price

The bulk sector is navigating its way out of the doldrums but market correction has come at a price, delegates attending Bulk Terminals 2018 learned last week. (The Maritime Executive: click here)

 China Cuts U.S. Soybean Imports by More Than 80% as Tariffs Bite

China, the world’s biggest soybean importer, cut shipments of the oilseed from the U.S. by more than 80 percent in September from a year earlier as retaliatory tariffs imposed as part of the ongoing trade war between the world’s top two economies take their toll. (Hellenic Shipping News: click here)

Recovery in S. Korean shipbuilding to accelerate next year: report

Production at South Korean shipyards would grow in full swing next year on the back of increasing new orders amid the ongoing recovery in the global shipbuilding industry and growing demand for eco-friendly vessels before the implantation of tougher emissions regulations in 2020. (Hellenic Shipping News: click here)

Dry Bulk Market: Capesize Market Tries to Find its Footing

Capesize: A largely disappointing week for those still hoping for a firmer end to the year, but at least by the close of the week rates appeared to have steadied. Panamax: On the whole it was an active week with a good level of volume concluded in all areas, although it did slow towards the weekend. Supramax: The BSI lost ground this week, with rates dropping in many areas, especially from the Asian basin. Handysize: A week of continuous falls in both the Atlantic and Asia markets, with a just small ray of hope visible in the major trading areas. (Hellenic Shipping News: click here)

 

 
02.11.2018
WEEK AGO
WEEKLY CHANGE
WEEKLY CHANGE %
52 Week Range
Baltic Dry Index
1,470
1,519
-49
-3.2%
948-1,774
BRENT ($/bbl)
72.8
77.6
-4.8
-6.2%
WTI ($/bbl)
63.1
67.6
-4.5
-6.6%
MGO ROTTERDAM ($/mt)
670.5
680.0
-9.5
-1.4%
MGO  FUJAIRAH ($/mt)
768.0
791.0
-23.0
-2.9%
MGO SINGAPORE ($/mt)
715.5
724.5
-9.0
-1.2%
ULSFO ROTTERDAM, MAX 0.1% SULPHUR ($/mt)
630.5
656.0
-25.5
-3.9%
LSMGO SINGAPORE, MAX 0.1% SULFUR DISTILLATE ($/mt)
714.0
724.5
-10.5
-1.4%
IFO 180 ROTTERDAM ($/mt)
492.5
518.5
-26.0
-5.0%
IFO 180 FUJAIRAH ($/mt)
549.5
557.5
-8.0
-1.4%
IFO 180 SINGAPORE  ($/mt)
536.0
532.0
+4.0
+0.8%
EUR-USD
1.14
1.14
0.00
0.0%
GBP-USD
1.30
1.28
-0.02
-1.6%
USD-JPY
113.20
111.91
-1.29
-1.2%
USD-KRW
1,121.97
1,141.85
+19.88
+1.7%
Sources: KPI Bridge Oil, Bloomberg.com, ShipandBunker.com
22 October 2018 - 28 October 2018

THIS WEEK’S HEADLINES SELECTED BY INTERCARGO (22/10/2018 – 28/10/2018)

IMO strikes compromise on experience-building phase proposal for 2020 sulphur cap

Deadlock over the divisive proposal to introduce an ‘Experience-Building Phase’ after the 2020 sulphur cap deadline has forced a classic IMO procedural compromise that addresses industry concerns over fuel quality, but eliminates damaging suggestions of a delay. (Lloyd’s List: click here)

France calls for Mediterranean Emission Control Area at IMO

France presented the results of its impact assessment of a possible emission control area (ECA) in the Mediterranean Sea aimed at the reduction of harmful ship emissions. The findings shows that a combined ECA which addresses sulphur and nitrogen oxides at the same time has the greatest positive effect in terms of reduced air pollutant concentrations as well as corresponding socio-economic and ecological benefits. (Hellenic Shipping News: click here)

Clean Shipping Alliance 2020 Answers 10 Key Questions About Scrubbers

Clean Shipping Alliance 2020 (CSA 2020) is a new organization consisting of 25 leading maritime companies representing over 2,000 ships from the commercial shipping and cruise industries. The international organization was formed with the mission of providing information about the environmental benefits of Exhaust Gas Cleaning Systems (EGCS), also commonly referred to as “scrubbers.” (Marine Insight: click here)

Ship operating costs expected to rise in 2018 and 2019

Total vessel operating costs in the shipping industry are expected to rise by 2.7% in 2018 and by 3.1% in 2019, according to our latest survey. (Hellenic Shipping News: click here)

Vessel General Permit (VGP) update October 2018 – 2013 VGP continued indefinitely

The Environmental Protection Agency (EPA) issued an Update stating that the 2013 Vessel General Permit (VGP) will not be reissued prior to its 18 December 2018 expiration date, but will be administratively continued and remain in effect until a new permit is issued. Owners and operators of vessels operating under the administratively continued permit are expected to comply with the terms and conditions of that permit until the new permit is issued and enters into effect. (Maritime Cyprus: click here)

Grain trading giants partner to digitize agricultural shipping

The world’s four largest global grain traders plan to standardize and digitize agricultural shipping transactions in a bid to make the process more efficient. (Tradewinds: click here)

Dry Bulk Market: Week Ends on A High Note

Capesize: A market of two halves for most of the week with rates in the Atlantic firming and easing in the East for most of the week, but then, West Australia/China staged a recovery, with a rumour $9.00 was done as well as $8.90, up from $8.40, fixed 24 hours earlier. Panamax: It was a week of falling rates in all areas. The Atlantic saw owners with early November ships in the North discounting to fix quick round voyages, with rates paying in the mid-to-high teens for Baltic rounds. Supramax: It was a lacklustre week with rates failing in a number of areas. The Continent saw vessels ballast away due to a lack of cargo. Handysize: It was a slow week in general. The US Gulf market improved, but it was a flat in the Pacific, with some owners preferring to wait for the next moves before making a commitment. (Hellenic Shipping News: click here)

 

 
26.10.2018
WEEK AGO
WEEKLY CHANGE
WEEKLY CHANGE %
52 Week Range
Baltic Dry Index
1,519
1,576
-57
-3.6%
948-1,774
BRENT ($/bbl)
77.6
79.6
-2.0
-2.5%
WTI ($/bbl)
67.6
68.8
-1.2
-1.8%
MGO ROTTERDAM ($/mt)
680.0
688.0
-8.0
-1.2%
MGO  FUJAIRAH ($/mt)
791.0
793.0
-2.0
-0.3%
MGO SINGAPORE ($/mt)
724.5
733.5
-9.0
-1.2%
ULSFO ROTTERDAM, MAX 0.1% SULPHUR ($/mt)
656.0
651.0
+5.0
+0.8%
LSMGO SINGAPORE, MAX 0.1% SULFUR DISTILLATE ($/mt)
724.5
736.0
-11.5
-1.6%
IFO 180 ROTTERDAM ($/mt)
518.5
505.5
+13.0
+2.6%
IFO 180 FUJAIRAH ($/mt)
557.5
566.0
-8.5
-1.5%
IFO 180 SINGAPORE  ($/mt)
532.0
540.0
-8.0
-1.5%
EUR-USD
1.14
1.15
+0.01
+0.9%
GBP-USD
1.28
1.31
+0.03
+2.3%
USD-JPY
111.91
112.55
+0.64
+0.6%
USD-KRW
1141.85
1132.09
-9.76
-0.9%
Sources: KPI Bridge Oil, Bloomberg.com, ShipandBunker.com
15 October 2018 - 21 October 2018

THIS WEEK’S HEADLINES SELECTED BY INTERCARGO (15/10/2018 – 21/10/2018)

Ship owners hurry to install scrubbers ahead of 2020 regulations

Ship owners are rushing to install scrubbers this year ahead of the 2020 sulphur cap. Currently, ship operators have the option of either using cleaner, but more expensive, marine gasoil or install scrubbers which will clean the sulphur from the fuel oil. (Safety4Sea: click here)

 Trump Administration Seeks to Influence IMO Sulfur Rule Rollout

The Trump administration is expected to call for a gradual rollout for the IMO sulfur rule rather than the single-step implementation planned for Jaunary 1, 2020. The rule is expected to result in an increase in the cost of middle distillates, which would be an unwelcome development for any president in an election year. (The Maritime Executive: click here)

 IBIA: Fuel contamination not related with low sulphur fuel oil blending

After a number of ships experienced fuel contamination problems with seemingly on-spec fuels, many worry that such cases will increase as the market is fearful about the quality of fuel bends provided to meet the new 0.50% sulphur limit in 2020. However, IBIA notes that ‘the contamination cases are completely unrelated to low sulphur fuel oil blending’. (Safety4Sea: click here)

 Procedures: How to conduct a safe cargo fumigation

As one of the most challenging operations for solid cargo trade, the safe transportation of grain cargo requires several hazards and parameters to be considered and many measures to be taken. Fumigation is one of these. Fumigants are chemicals which, under certain conditions, will enter a gaseous state and, in sufficient concentration, will be lethal to pest organisms that are considered detrimental for the condition of most grain cargoes. But under which circumstances can fumigation take place? (Safety4Sea: click here)

European Ports Set Top 10 Environmental Priorities

The European Sea Ports Organisation (ESPO) has released its annual Environmental Report which includes member ports’ top 10 environmental priorities for 2018. Air quality has remained the top priority of the European ports since 2013. An increasing interest in relationships with local community, in position 4 of the list, demonstrates that air quality has been increasingly a concern for citizens of port cities and urban areas. (The Maritime Executive: click here)

Trade off – China soybean imports set for biggest drop in 12 years amid tariff conflict

China’s soybean imports are set to drop by a quarter in the last three months of 2018, their biggest fall in at least 12 years as buyers curb purchases amid the Sino-U.S. trade war and high domestic stockpiles. (Hellenic Shipping News: click here)

Panamax vessel rates surge to 5-year high

Panamax dry bulk vessel rates have surged 18% over the past month to near five-year highs amid strong Pacific coal transportation demand and a lingering Chinese appetite for Brazilian soybeans, participants said on Wednesday. (Hellenic Shipping News: click here)

Dry Bulk Market: Capesizes On Higher Ground

Capesize: A positive end to last week after a shaky start, with a Coaltrans taking participants out of the market early on and with rates slipping. Panamax: Coaltrans, in Barcelona early last week, disrupted trading with many travelling. However, the second half of the week failed to show improvement. Supramax: A firm week in the Atlantic, especially in the South for vessels able to make October cancelling. Handysize: Whilst rates largely traded sideways in the Asian market, areas in the Atlantic remained firm. (Hellenic Shipping News: click here)

 

 
19.10.2018
WEEK AGO
WEEKLY CHANGE
WEEKLY CHANGE %
52 Week Range
Baltic Dry Index
1,576
1,579
-3
-0.2%
948-1,774
BRENT ($/bbl)
79.6
80.4
-0.9
-1.1%
WTI ($/bbl)
68.8
71.3
-2.5
-3.5%
MGO ROTTERDAM ($/mt)
688.0
703.5
-15.5
-2.2%
MGO  FUJAIRAH ($/mt)
793.0
794.0
-1.0
-0.1%
MGO SINGAPORE ($/mt)
733.5
743.0
-9.5
-1.3%
ULSFO ROTTERDAM, MAX 0.1% SULPHUR ($/mt)
651.0
662.5
-11.5
-1.7%
LSMGO SINGAPORE, MAX 0.1% SULFUR DISTILLATE ($/mt)
736.0
739.5
-3.5
-0.5%
IFO 180 ROTTERDAM ($/mt)
505.5
511.0
-5.5
-1.1%
IFO 180 FUJAIRAH ($/mt)
566.0
557.5
+8.5
+1.5%
IFO 180 SINGAPORE  ($/mt)
540.0
543.0
-3.0
-0.6%
EUR-USD
1.15
1.16
+0.01
+0.9%
GBP-USD
1.31
1.32
+0.01
+0.8%
USD-JPY
112.55
112.21
-0.34
-0.3%
USD-KRW
1132.09
1131.27
-0.82
-0.1%
Sources: KPI Bridge Oil, Bloomberg.com, ShipandBunker.com
08 October 2018 - 14 October 2018

THIS WEEK’S HEADLINES SELECTED BY INTERCARGO (08/10/2018 – 14/10/2018)

Piracy Hits Decadal Lows in Asia

Piracy in Asia has fallen to decadal lows, according to the latest numbers from regional reporting center ReCAAP. The number of actual reported incidents between January and September 2018 were the lowest recorded since the same period in 2009 (excluding attempted incidents). (The Maritime Executive: click here)

USCG: Changes to Alternate Compliance Program

The US Coast Guard released a new Navigation and Vessel Inspection Circular (02-95, Change 3) on “The Alternate Compliance Program (ACP).” This change incorporates various policies and related provisions consistent with the Commandant’s Final Action Memo (FAM) on the sinking of the ‘El Faro’. (Safety4Sea: click here)

Panama Canal has record year

Latin American waterway closes out fiscal year with higher-than-forecast ship volumes, led by boxship crossings. (Tradewinds: click here)

Marshall Islands Confirms No Class Certificate Surcharge

International Registries, Inc. and its affiliates (IRI) has announced that the Republic of the Marshall Islands (RMI) Registry will not follow competitors by levying surcharges and commissions on vessel documents and certificates issued on its behalf by the Classification Societies. The RMI Registry will continue to provide its clients with a transparent pricing structure for the issuance of key certificates needed by shipowners. (Hellenic Shipping News: click here)

Ship Operating costs on downward track

Operating costs that have fallen for six consecutive years are to be welcomed, but ship operators should not become complacent as there are plenty of road-bumps ahead. (Hellenic Shipping News: click here)

Rules of Engagement

Shipowners and charterers need to revisit their charterparties and fuel supply agreements to ensure that they are ‘fit for purpose’ well ahead of the introduction of the 2020 global sulphur cap. (Bunkerspot: click here)

Brazil ag commodities exports to hit record high this year –minister

Brazil is on track to export a record $100 billion worth of agricultural products this year as demand for staple commodities like beef and soybeans from the South American country remain strong, the government said. (Hellenic Shipping News: click here)

Trade War So Far ‘Positive’ for Shipping Companies, But 2019 Looks Less Promising

The US-China trade war has seemed “positive” for transpacific shipping lines, so far, with importers rushing to beat tariff deadlines. But there is growing concern that a prolonged dispute would leave shippers with question marks on whether to reorganise their supply chains. (gCaptain: click here)

Capesize Market Ends Week with a Bang

Capesize: A sharp reversal of fortunes for the big ships as the week closed after a depressed beginning. Panamax: Last week the North Atlantic firmed as sustained demand saw a clear out of most of the prompt tonnage. Supramax: A positive week overall with most routes seeing steady gains but US Gulf routes seeing slightly lower levels. Handysize: The BHSI remained positive last week with stronger numbers discussed particularly from the Black Sea-Mediterranean area. (Hellenic Shipping News: click here)

 

 
12.10.2018
WEEK AGO
WEEKLY CHANGE
WEEKLY CHANGE %
52 Week Range
Baltic Dry Index
1,579
1,536
+43
+2.8%
948-1,774
BRENT ($/bbl)
80.4
85.1
-4.6
-5.4%
WTI ($/bbl)
71.3
74.8
-3.5
-4.7%
MGO ROTTERDAM ($/mt)
703.5
708.5
-5.0
-0.7%
MGO  FUJAIRAH ($/mt)
794.0
793.0
+1.0
+0.1%
MGO SINGAPORE ($/mt)
743.0
755.0
-12.0
-1.6%
ULSFO ROTTERDAM, MAX 0.1% SULPHUR ($/mt)
662.5
686.5
-24.0
-3.5%
LSMGO SINGAPORE, MAX 0.1% SULFUR DISTILLATE ($/mt)
739.5
761.0
-21.5
-2.8%
IFO 180 ROTTERDAM ($/mt)
511.0
529.5
-18.5
-3.5%
IFO 180 FUJAIRAH ($/mt)
557.5
577.0
-19.5
-3.4%
IFO 180 SINGAPORE  ($/mt)
543.0
546.0
-3.0
-0.5%
EUR-USD
1.16
1.15
-0.01
-0.9%
GBP-USD
1.32
1.31
-0.01
-0.8%
USD-JPY
112.21
113.72
+1.51
+1.3%
USD-KRW
1131.27
1130.50
-0.77
-0.1%
Sources: KPI Bridge Oil, Bloomberg.com, ShipandBunker.com

 

29 September 2018 - 08 October 2018

THIS WEEK’S HEADLINES SELECTED BY INTERCARGO (29/09/2018 – 08/10/2018)

Managing Ships or Managing Regulations

Speaking at an INTERCARGO event in London this week, Chairman John Platsidakis asked “Are we managing ships or are we managing regulations? “We were supposed to do the first, but I am afraid we are mostly doing the second! By the time we conclude one regulation, another one appears in the scene.” (Maritime Executive: click here)

Intercargo chairman aims parting shots at regulators

Outgoing Intercargo chairman John Platsidakis took a number of swipes at regulators during his farewell speech at the International Association of Dry Cargo Shipowners’ agm in London this week. (Seatrade: click here)

Intercargo elects Dimitris Fafalios as chairman

Intercargo chooses its technical committee chairman Dimitris Fafalios from Fafalios Shipping to lead it from January 1, replacing John Platsidakis who has been chairman for the past six years and has reached the three-term maximum appointment length. The dry bulk owners’ body has expressed dismay at regulators’ ‘lack of understanding’ of how the industry works and has called for charterers, refineries, shipyards and engine-builders to be more involved in meeting emission reduction targets. (Lloyd’s List: click here)

Singapore plans to tighten controls in maritime fuel industry

Singapore plans to apply stricter control measures to the marine fuels sector, a move that industry sources say could boost transparency in a notoriously opaque industry. (Bunker Ports News: click here)

Scrubbers in numbers: 983 vessels have opted for EGCS

Scrubber uptake is rapidly accelerating with the number of ships with exhaust gas cleaning systems installed or on order standing at 983 as of 31 May 2018, according to a survey by the Exhaust Gas Cleaning Systems Association (EGCSA). (Safety4Sea: click here)

Procedures: How to maintain food hygiene onboard

Food onboard is considered as a critical welfare issue for crew members. A healthy, nutritious and low-fat food program provides seafarers with the required energy to perform their duties, protect their health and fight any fatigue symptoms. On the other hand, if not handled properly onboard, food can be a significant cause of diseases and foodborne outbreaks. (Safety4Sea: click here)

Plastic Waste in the World’s Oceans Could Double by 2030, IEA Warns

The total amount of oceanic plastic waste is likely to more than double by 2030, and then keep getting worse, if action isn’t taken now, according to projections by the Paris-based organization in a report published Friday… An estimated 80 percent of the plastic in the ocean is derived from land-based sources, as opposed to fisheries and ships. (gCaptain: click here)

UNCTAD – Maritime transport review 2018

The Review of Maritime Transport is a recurrent publication prepared by the United Nations Conference on Trade and Development (UNCTAD) secretariat since 1968 with the aim of fostering the transparency of maritime markets and analysing relevant developments. It remains the single, most important global review of the Maritime Industry. (Maritime Cyprus: click here)

Bulk owners are optimistic, but say dangers still lurk

Dry bulk operators are optimistic about the industry’s future, but say dangers still lurk that could derail the recovery. (Tradewinds: click here)

Indian Iron ore imports zoom 190% to 6.34 mt in Apr-Aug over domestic price hikes

Iron ore imports into the country zoomed 190 per cent to 6.34 million tonnes (mt) during April-August, the first five months of this financial year. (Hellenic Shipping News: click here)

 Atlantic Panamax grains freight hits near 4-year high on bunkers

Panamax grains cargo freight rates from the East Coast of South America have reached near four-year highs and are set to go even higher in mid-October as bunker fuel prices continue to soar, market sources said. (Hellenic Shipping News: click here)

Chinese soybean tariff creates ‘new and unusual trades’

Chinese tariffs on US soybean imports have created new and unusual trades with alternative export markets opening up. (Tradewinds: click here)

 Dry Bulk Market: Capesizes Waiting for China’s Return from the Holidays

Capesize: It was a surprising start to the week, with rates moving in some key areas despite a week of Asian holidays, although some moves were attributed to draft issues and rising bunker values. Panamax: Last week defied expectation, with a long holiday in China many expected a slow week with little excitement. Supramax: Despite widespread holidays mainly affecting the Asian market, generally rates remained firm. Handysize: Continuing the positive trend from September, the BHSI climbed throughout the week despite the holidays in Asia and Germany. (Hellenic Shipping News: click here)

 

 
05.10.2018
WEEK AGO
WEEKLY CHANGE
WEEKLY CHANGE %
52 Week Range
Baltic Dry Index
1,536
1,540
-4
-0.3%
948-1,774
BRENT ($/bbl)
85.1
82.7
+2.3
+2.8%
WTI ($/bbl)
74.8
73.3
+1.6
+2.2%
MGO ROTTERDAM ($/mt)
708.5
680.5
+28.0
+4.1%
MGO  FUJAIRAH ($/mt)
793.0
783.0
+10.0
+1.3%
MGO SINGAPORE ($/mt)
755.0
738.0
+17.0
+2.3%
ULSFO ROTTERDAM, MAX 0.1% SULPHUR ($/mt)
686.5
670.5
+16.0
+2.4%
LSMGO SINGAPORE, MAX 0.1% SULFUR DISTILLATE ($/mt)
761.0
731.5
+29.5
+4.0%
IFO 180 ROTTERDAM ($/mt)
529.5
494.5
+35.0
+7.1%
IFO 180 FUJAIRAH ($/mt)
577.0
545.0
+32.0
+5.9%
IFO 180 SINGAPORE  ($/mt)
546.0
527.5
+18.5
+3.5%
EUR-USD
1.15
1.16
+0.01
+0.9%
 GBP-USD
1.31
1.30
-0.01
-0.8%
USD-JPY
113.72
113.70
-0.02
0.0%
USD-KRW
1130.50
1109.30
-21.20
-1.9%
Sources: KPI Bridge Oil, Bloomberg.com, ShipandBunker.com