World Coal News Wednesday, 24 December 14 Cape Demand Was Still Extremely Soft This Past Week Across Both Basins – Intermodal According to last weekly report of Intermodal broker, The recital of the Dry Bulk found itself in distressed search for being sustained until now another week, has left very little anticipation that a considerable development could be forthcoming. According to the broker, the mechanism behind the decreasing trend is the Capesize market, which is under great pressure, while the rest of the smaller size segments continue to break the bigger ones, although the effect on rates across the board is still under the command of the extremely negative opinion that has washed over the whole market. At the same time, weighed down by what could be lying ahead, those owners that fix their vessels on period contracts seem disposed to admit further considerable discounts off last dones. According to the Greece based broker , regardless of the fact that majors made a small come back in the Pacific, in general Cape demand was still exceptionally squashy this last week. The standard rate for the segment has now moved below $5,000/day. The Panamax market showed better levels of activity as compare to Capes. Better market in the Pacific has been expected. Rates for both Supras and Handies closed off the week slightly decreased and slightly increase correspondingly. According to the brokers, forecast for both segments are still much better as compare to the rest of the market. komorocoal/komoro-news/cape-demand-was-still-extremely-soft-this-past-week-across-both-basins-%E2%80%93-intermodal.aspx
Posted on: Mon, 05 Jan 2015 14:00:36 +0000
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