Seanergy Maritime Holdings Corp. (SHIP)

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Dry Bulk FFA: Capesize Market Jumps Back Into Rising Action
in Dry Bulk Market,International Shipping News 07/12/2017


Capesize FFA Commentary:
The paper market bounced off yesterdays lows yesterday as the physical market continues to hold at these solid levels. The C5 ticked back up to $9.70 while the tonnage count in the Atlantic remains thin. There was less volume changing hands yesterday in the paper market and with the current backwardation still steep, it is not beyond the realms of possibility that the paper continues to make further ground if the physical holds strong.
Panamax FFA Commentary:
We tested support early on yesterday on Panamax paper with levels steady and range bound until a mid morning surge saw levels jump up ave $500 on the prompt contracts as Capes seemed to have turned a corner and the N ATL continues to fuel optimism. We closed up on the day recouping the previous day’s losses with good support evident again at the close.
Supramax FFA Commentary:
A day in which the Supramax paper reacted to the recent lull, buying support was evident as physical is bubbling and overall sentiment has recovered somewhat. Q1 was seen being paid $9900 and Cal 18 traded back up to a high of the day $10200. Although towards the close we did ease of the highs of the day as a little selling pressure was apparent.
Handysize FFA Commentary:
Quiet day on the handysize paper, no reported trades. Have a good evening.
Full Report
Source: Freight Investor Services (FIS)