Dry Bulk FFA: Capesize Market on Higher Mode

Capes edged higher on the front end today with reports of stronger c5 Fixtures, however the Atlantic remained quiet. Oct pushed back up above $20k and Nov touched a peak of $18200 although most volume traded around $18k. December remained the least favourite contract with buyers not willing to pay above $15350 levels. The deferreds were very quiet with little or no pricing interest today.

Panamax Commentary:

Continued postive sentiment out of both basins brought with it another day of gains on Panamax paper. With the index not dissapointing we saw buyers stepping up their ideas as Oct and Q4 traded up to $12900 highs while further out Cal18 trdd $10050. Despite slipping off the highs at the close the over tone remains postive. Good weekend to all.

Supramax FFA Commentary

Supramax paper continued to see support down the curve today as rates increased furthermore. Q4 was trading $12,000 and the Cal 18 reaching a weekly high of $9900. Have a good evening and a great weekend.

Handysize FFA Commentary

Another quiet day was seen on the handysize paper with very little to report. No reported trades. Have a good evening and a great weekend.