www.TheSeaNation.gr

Capes were the ones that retrained the general index, while the rest of the sizes raised, with Kamsarmaxes noting the biggest increase. Specifically, Capes dropped by 7,6&, Kamsarmaxes +11%, Supramaxes +2%, and handies +2.5%, compared to last week. With that given, BDI dropped for only 4 credits (-0,2%) and closed at 2146 credits on Friday, the 22th of July.
Let’s now see more specifically, how the dry bulk cargo market moved last week as per vessel’s size, starting off with Capes. In Asia the market started with a slow pace, but in the middle of the week we saw more cargoes and as a result the route Australia-China t9 improve regarding freights. The levels of the index for the route Australia- China (C5) closed at$11.17/ tn on Friday.
In the Atlantic Basin and especially in the north, reduced activity was observed, however decreased offered capacity supported indexes to raise during the end of the week. Northern, Brazil started off the week on the same levels, as the last one closed, but during the last days we observed more activity, mainly regarding trips to Asia. Friday’s indexes regarding t4ips from Brazil to China reached up to $30,78 / tn (for route C3), while rates from the Continent to Asia closed at $47,1K / day (for route C9), and transatlantic round trips at $30,3K / day (for route C8).
Considering Kamsarmaxes, in the Atlantic Basin the week started calmly, but the environment improved while FFAs increased. We also saw more cargoes of wheat from the South East Coast of South America (ECSA), while in north the decreased number of vessels helped the market as well. Thus owners that did not get any pressure from some readily available vessel preferred to stay. Indicatively, rates for trips from ECSA to the Far East reached up to $40-41 K / day (delivery at ECSA) and from the U. S. Gulf and North Coast of South America to Continent up to $ 16 – 18,5 K / day (delivery at Gibraltar).
On the other hand, jn Asia, the week started off with a steady flow of cargo and enough cargoes from Australia. The week continued with the same rhythms with the market moving mostly in owners favor. Rates regarding round trips to Australia- Far East moved between $ 18-19 K / day.
As regards Supramaxes-Ultramaxes in S. E. Asia an upward trend was observed, with most coal cargoes from Indonesia. SMX’s rates for trips between S. E. Asia and the Far East raised at $ 19,5-20,5 K / day. Northern, in the Far East the market continued without any changes regarding the most routes. SMX’s rates as regards round trips to NOPAC moved between $ 16.5-18.5 K / day, regarding trips to W. C. India between $23,5-24,5 K / day and for returning trips to the Atlantic Basin (BH) between $25,5-26,5 K / day.
In the Middle East’s gulf and W. C. India the market presented a better image, while we observed more cargoes to the W. C. India, China and S. E. Asia. SMX’S rates regarding trips to the Far East leveled off at $ 22-23,5 K / day, ( from the Middle East Gulf [MEG] to W. C. India), for short trips between MEG-W. C. India at $ 19,5-20,5 K / day and trips to the Mediterranean at $ 23- 24,5 K / day.
In the Atlantic Basin and especially in the U. S. Gulf the market remained on the same levels. It seems that the environment has changed since we are seeing more cargoes as much from the gulf as from ECSA. SMX’s rates regarding transatlantic trips remained at $28-29 K / day and to Asia at $ 26,5 – 27,5 K / day. ECSA's area more or less remained on the same levels without any significant movement, except from some trips to the North. SMX’s rates regarding trips to S. E. Asia – China leveled off at $ 28- 29 K / day and for transatlantic trips (Mediterranean / Continent) at $ 30-31,5 K / day.
Continent’s market did not show considerable changes mainly due to the cargoes from W. Mediterranean. However the increase of offered capacity and the decreasing number of cargoes is expected to put pressure on the market if the demand will not improve. SMX’s rates regarding round – local trips moved between $ 16-17 K / day, for trips with scrap cargo to the Mediterranean between $15-16,5K / day and to Asia between $ 18-19 K/ day. In the Mediterranean it remained under pressure. Most charterers did not seem willing to accept higher numbers while many of their demands were covered by their own vessels. Indicatively, it is claimed that a SMX for a trip from the Mediterranean to Asia was closing at $20-21 K / day (delivery at Canakkale), to the other side of the Atlantic Basin at $17-18,5 K / day and in the Mediterranean at $17,5- 18,5 K / day.
In Handies market, in the Continent the market presented obviously an improved image with wheat from France leading to this improvement. Rates regarding the bigger vessels of the category, for round trips increased at $16,5-17,5 K / day, to the Mediterranean with scrap cargoes at $ 15-16,5K/ day and for transatlantic trips at $ 13-14 K/ day.
In the Mediterranean the market retreated further with the demand moving on very low levels. However we are expecting to see how and when the market will be affected from the agreement of Russia- Ukraine as regards wheat export. Rates of the bigger vessels (past 36K tonne DWT) for trips in the Mediterranean moved between $ 16,5-17,5 K / day (delivery at Canakkale), to Continent between $ 17-18 K / day (delivery at Canakkale), to the other side of the Atlantic Basin between $ 14-15 K / day (delivery at Canakkale) and to Asia between $18-19 K/ day.
On the other side of the Atlantic Basin, the U. S. Gulf was the star of the week with the biggest weekly raises on every index. Indicatively, rates of the bigger vessels of the category regarding trips to the other side of the Atlantic increased at $ 15-16,5K/ day and to Asia at $ 17-18 K / day.
ECSA’s market kept on raising with capacity remaining on the lower levels. With that given, rates of the bigger vessels from the ECSA area regarding transatlantic trips (Continent – Mediterranean) moved between $ 30,5-31,5 K / day and to Asia between $ 28-29 K/ day.
In Asia, the market presented downward tendencies as much in the north as in the south, due to the reduced activity. However according to up to date facts a positive August with many cargoes is expected. In W. C. India and the Middle East’s Gulf the market remained quit with the monsoons causing many problems in ports. Rates of the bigger vessels of the category for round trips in the Far East and NOPAC closed at $ 19-21 K / day, from the N. E. Asia to China at $ 19-20,5 K / day and from W. C. India to China at $ 19,5-20,5 K/ day.

''and don’t forget to stay safe and read our reports to pass time...''