Seanergy Maritime Holdings Corp. (SHIP)

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Dry Bulk FFA: Capesize Market Continues Boom but mostly For the Nearby Periods
in Dry Bulk Market,International Shipping News 21/09/2017


Capesize FFA Commentary:
Another very strong day for the capes although, for the most part, the move up on paper was focused on the nearby periods. The buying did slow down towards close but not before Oct reached 21900 & Q4 19500. Talk of C3 fixing 18.85 and Saldanha reaching low 14s for 11-15 Oct dates should keep buyers keen as the week progresses.
Panamax FFA Commentary:
With the physical market starting to develop into a bit of a stand off and as a result further uncertainty creeping into the market we saw another static day on Panamax paper with sellers still probing support but holding off any overly aggressive selling in lieu of the firmer cape sentiment. As a result we held a steady range through most of the day on the prompt contracts with little change on the day.
Supramax FFA Commentary:
Although the larger sizes were seen pushing early on Supramax paper remained reluctant to follow suit as we still lacked bid support. October was pushed down trading 11350 and the Q4 11400-11300 range. Index remains strong but struggled to inspire any supporting bids in order to create some activity in the afternoon. Have a good evening.
Handysize FFA Commentary:
Another quiet day on the handysize paper with limited interest. Have a good evening.