Seanergy Maritime Holdings Corp. (SHIP)

[Mightymin]

Dry Bulk FFA: Capesize Market Plateaus
in Dry Bulk Market,International Shipping News 13/12/2017


Capesize FFA Commentary:
An initital burst of optimism as the January contract was paid numerous times in the Asian session at 19500 – 19750. The physical market remains supported although activity was muted. The lack of physical information led to the front end of the curve retracing a little although volumes were thin. There was little conviction or interest as many traders start to draw a line under their positions for the year end. Will Dec 2017/Jan 2018 be reminiscent of Dec 2013/Jan 2014 where the Dec finished strongly only for Jan to collapse or are the fundamentals this year more in favour of owners? This is the question.
Panamax FFA Commentary:
Steady range bound day on Panamax paper with little change across the curve despite some small intra day moves. We saw decent volume committed inside these exchanges and closed with a few more offers developing right at the close. Prompt contracts were the main focus again with volume traded on Dec and Jan inside $13250-13350 and $12000-12200 ranges respectively.
Supramax FFA Commentary:
Supramax paper remained pretty flat from the close last night. The prompt eventually came off slightly with $10,000 being sold on the Smx Jan and $9900 on the Q1. The Cal 18 did see some better bids with $10200 being paid. Index was slightly back positive yesterday with $11 6TC and $35 10TC.
Handysize FFA Commentary:
A rather active day was witnessed for the handysize paper yesterday. Cal 18 was seen trading $8500 and the Cal 19 $8550.