Seanergy Maritime Holdings Corp. (SHIP)

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Dry Bulk FFA: Capesize Market Trades in Tight Range
in Dry Bulk Market,International Shipping News 13/10/2017


Capesize FFA Commentary:
Cape paper traded in a tight range today but was subject to the same direction changes and fragility that have been characteristic of this week. The index surprised many by showing signs of flattening out which kept rates relatively bouyant in a very quiet afternoon session. A late rumour of C7 fixing $9.90 (unconfirmed at the time of writing) and talk of a TA rv at 24k brought a few fresh buyers into the market but failed to make a substantial impact on rates.
Panamax FFA Commentary:
With the sentiment in the Atl continuing to be bolstered by stronger USG / TA RV demand and a steady to firmer Pac market we saw buyers once again up their ideas today on Panamax paper. Prompt contracts were once again the main focus adding average $200 to the front of the curve with Q4 trading up to $12700 while further out cal18 saw resistance tested at $10k.
Supramax FFA Commentary:
Supramax paper once more saw stronger rates throughout the day as the market continued to push. With physical reports showing a very hot Atlantic we lacked offers down the curve as the market gapped up leading to November trading $12300-$12450 range. The Calendar 18 also continued to feel the support as $9750 was paid and bid on. 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.