Seanergy Maritime Holdings Corp. (SHIP)

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Dry Bulk FFA: Capesize Market on Bullish Mode
in Dry Bulk Market,International Shipping News 15/09/2017


Capesize FFA Commentary:
A bullish day for the capes today as the physical seems to have turned a corner. With the C5 now fixing above $8.05/mt and the C3 north of $17.00/mt, the paper mounted bit of a recovery. Most of the gains were for the promt contracts as the Sept traded up to 19600, Oct to 19700 and the Q4 up to 18500. Some profit taking offers came in at the highs of the day as we drifted into a quiet close and all eyes are now on the Atlantic to see if another fresh wave of fixing could bring further upwards momentum for the derivative.
Panamax FFA Commentary:
With the bullish cape tone spilling over in early trading we saw some better buying filter through on Panamax paper with Oct and Q4 trading up to $13300 and $12800 highs respectively, where we began to see some resistance forming. After a slightly disappointing index we drifted off in the afternoon session with Q4 retracing down to $12600 leaving us relatively flat on the day.
Supramax FFA Commentary
With the USG continuing to bolster the positive tone off the underlying we witnessed sharp gains across the curve again today on Supramax paper. Prompts contracts saw buyers having to chase a thin offer side pre-index with Oct and Q4 trading up to $11975 and $11650 highs respectively. Despite drifting off post index the overall tone remains upbeat.
Handysize FFA Commentary
Relatively quiet day on Handy paper with levels range bound and limited fresh interest.