Seanergy Maritime Holdings Corp. (SHIP)

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Dry Bulk FFA: Panamax Market Gains Further Ground
in Dry Bulk Market,International Shipping News 24/11/2017


Capesize FFA Commentary:
Capes pushed quickly yesterday morning with reports of C5 fixing from $8.75 then rapidly moving towards $9.25 by midday. November traded upto $22k and December $20k before finding selling resistance. Cal 18 touched a new high of $14700 and cal 20 traded 14k then 14100. Volumes and activity were better than recent days / weeks as traders looked to adjust positions given the sharp increase in the morning session.
Panamax FFA Commentary:
Panamax paper added further gains across the curve today, largely attributed to piggybacking on the firmer cape sentiment. As a result we saw Dec and Q1 trading up to $11100 and $10100 highs respectively. We drifted off a touch post index but ultimately continued to see good support just off the days highs.
Supramax FFA Commentary:
The supramax paper opened on a more positive note with some bid support on the Dec as 10500-$10600 range continued to trade. However activity levels stalled slightly until index when 10tc was $220 and derived 6tc $54, when we saw the Calendar 18 tick up trading up to $9850. Have a good evening.
Handysize FFA Commentary:
Another very quiet day with regards to the handysize paper, with little to report. Have a good evening.