Seanergy Maritime Holdings Corp. (SHIP)

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Dry Bulk FFA: Capesize Market Pulls Back to $19,200 for October Futures
in Dry Bulk Market,International Shipping News 12/10/2017


Capesize FFA Commentary:
Capes started firmly this morning with Oct trading upto $20250 levels and q4 $18100 before finding selling resistance and pulling back to $19200 and $17500 respectively. The cal 18 took a further hit today trading as low as $13200 a recent low print. The physical still gave mixed signals with a strong b/haul anbd TA market but slightly softer C3 fixtures rumoured.
Panamax FFA Commentary:
After a sluggish start Panamax paper seemed to kick into gear mid morning as some improved Atl sentiment bolstered optimism. With the index coming in slightly over expectation we saw a flurry of buying pushing prompt contracts up with Oct and Q4 trading up to $12650 and $12500 pricing in decent carry for the balance of the month. The longer dated contracts saw small some gains with Cal18 trading in some volume at $9800.
Supramax FFA Commentary:
Supramax paper continued to see stronger rates again today as the market ticked up once again. The prompt found support early as NovDec package was trading $11800-$11900 range and Q4 $11550. The Q1 and Cal 18 also pushed as both were trading $9600. Although expected with the better physical information reported index was very positive again with 10TC $263 and derived 6TC $227.
Handysize FFA Commentary:
Very quiet start to the handysize paper week with very little to report. No reported trades. Have a good evening.