Seanergy Maritime Holdings Corp. (SHIP)

[Mightymin]

Dry Bulk FFA: Capesize Market Drops
in Dry Bulk Market,International Shipping News 11/10/2017


Capesize FFA Commentary:
Cape paper was a little choppy today, dropping from what appeared to be a well supported start, to hit lows of 19k on Oct and Q4 at 17500, before rebounding again after an index which did not paint a picture of doom and gloom in the physical as some expected. We ended the day a little off the highs with little indication of any direction for tomorrow.
Panamax FFA Commentary:
With the curve feeling slightly over sold in light of a relatively stable underlying market which has seen some fresh enquiry surfacing in both basins we pulled back some of yesterdays losses on Panamax paper. Oct and Q4 traded back up to $12200 and $12250 respectively where we once again start to see some resistance forming. There was little change further out.
Supramax FFA Commentary:
A very dull day was witnessed for the Supramax paper with very limited liquidity seen. However rates did tick up as index continues to improve. November was being traded $11800, leading to Q4 being paid $11400. The 10TC index was $214 and derived 6TC $157. Have a good evening.
Handysize FFA Commentary:
Very quiet start to the handysize paper week with very little to report. No reported trades. Have a good evening.