Seanergy Maritime Holdings Corp. (SHIP)

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Dry Bulk FFA: Capesize Market Regains Some Ground
in Dry Bulk Market,International Shipping News 08/12/2017


Capesize FFA Commentary:
Cape paper regained some ground early trading but the promise of a tighter Atl market and C5 fixing flat didn’t bring much change to the FFAs. With an index approaching 30k there seem to be a lag in prompt month rates. All eyes on the physical for the last day of the week!
Panamax FFA Commentary:
Pmx paper was gradually bid up throughout the morning session as optimism on a better ATL market fueled the buying which saw Dec and Jan trading up to $12900 and $11350 highs respectively. This was quickly reversed after the index which saw sellers step back in ultimately leaving us flat on the day. Selling was still cautious however and by the close we had once again found seem good support.
Supramax FFA Commentary:
Despite a reltively muted start Supramax paper sprung to life midmorning with some suprisingly sharp buying largely generated by pmx smx spreads which saw Dec printing $10850 and spurring on Q12 to print $10100. However post index sellers returned leaving us flat on the days opening.
Handysize FFA Commentary:
Quiet day on the handysize paper, no reported trades.
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Source: Freight Investor Services (FIS)