Seanergy Maritime Holdings Corp. (SHIP)

[Mightymin]

Dry Bulk FFA: Capesize Market Recover from Early Downtrend
in Dry Bulk Market,International Shipping News 18/10/2017


Capesize FFA Commentary:
Capes yoyo’d today – an early period of paper weakness (with q4 testing 18k levels) which was quickly replaced with a recovery rally close to a better than expected (for some) Index. Nearby pushed up around $600 before again coming off in the afternoon session and closing close to the day lows. Some traders were bemused as the physical market only reported strong fixtures on the Pacific basin. Although the Atlantic remained tight tonnage it was relatively quiet. Singapore holidays tomorrow were also blamed for the expected quieter marketand the selling interest.
Panamax FFA Commentary:
With a slow down in both basins seeing owners chasing some softer numbers we came under pressure on Panamax paper with sellers sharpening their ideas post index. Oct traded back down to $12250 while Q4 traded down from $12900 to $12400 low. Further out Cal18 traded $9700 as buyers began to thin out. We closed offered at the days lows.
Supramax FFA Commentary:
Supramax paper started to feel some pressure today along with the larger sizes as rates softened through out the day. Q4 opened the day trading $12100 then we witnessed the Nov being sold down to $12600 and Dec $11500. Index continued to produce positive numbers but the negative sentiment around led to very few bids during the afternoon. Have a good evening.
Handysize FFA Commentary:
Quiet start to the handysize paper week with very little to report. No reported trades. Have a good evening.