Replies to post #1185 on Seanergy Maritime Holdings Corp. (SHIP)

[Mightymin]

Baltic index hits near 5-month high on improving vessel rates
in Dry Bulk Market 08/09/2017


The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, touched a near 5-month high on Thursday, driven by stronger demand across vessel segments.
The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, rose 46 points to 1,296 points, a level last touched on April 13.
The 3.68 percent jump was its biggest in a single day since Aug. 11.
The capesize index climbed 176 points, or 7.22 percent, to 2,614 points, a peak not hit since late March.
“Capesize rates are gapping up yet again with global earnings bumping up to around $19,400/day fueled by strong activity levels in the North Atlantic market,” Clarksons Platou Securities analysts said in a note.
Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes such as iron ore and coal, increased $1,218 to $19,449.
The panamax index was up 37 points, or 2.82 percent, at 1,351 points.
Average daily earnings for panamaxes, which usually carry coal or grain cargoes of about 60,000 to 70,000 tonnes, increased $294 to $10,840.
Among indexes tracking rates for smaller vessels, the supramax index rose 7 points to 875 points, while the handysize index rose 5 points to 499 points.
Source: Reuters

[Mightymin]

Dry Bulk FFA: Capesize Market Still Going Strong
in Dry Bulk Market,International Shipping News 08/09/2017


Capesize FFA Commentary:
A quiet start on capes finally gave way to stronger buying interest on the run up to the index. Talk of C5 fixing $8 and Pac rv approaching 21500 gave the index a sizeable push, leaving the 5TCs printing just shy of 19500. Sep and Oct contracts saw plenty of activity at 20k while Q4 reached 18900 but failed to print any higher. There was some support on the close despite the Geneva holiday and a general lack of late afternoon activity. A firm end to the week looks likely although the physical will have to produce some convincing headline rates which didn’t quite materialise today.
Panamax FFA Commentary:
It was a slow range bound day on Panamax paper with activity limited to the prompt contracts. The overall tone remains cautious on the back of a disappointing index but with a strong rally on Capes many seemed happy to adopt a wait and see approach as we near the end of the week and had a number of participants out of the market due to the Geneva holiday.
Supramax FFA Commentary
Supramax paper suffered a very quiet day today as we lacked activity throughout. After the active week we have seen so far today really struggled to get going as we drifted from start to finish. Of the little action in the market Oct was seen trading $11200. Have a good evening.
Handysize FFA Commentary
Very quiet day for the handysize paper. No reported trades. Have a good evening.
Source: Freight Investor Services (FIS)

[Mightymin]

08th September 2017 Baltic Dry Index 1332 +36