Far East Dry Bulk Transport Market Weekly Report（2019.09.05）China logistics
Cape-type ship rushes back down and the comprehensive index rises and then depresses
The international dry bulk shipping market is hot this week, and all types of ships are rising steadily. Among them, the freight rates of cape-type vessels and Panamax-type vessels hit new highs, and then they retreated slightly. The market for ultra-handy vessels continued to rise and fluctuated at a high level. The Far East Dry Bulk Cargo Index rose first and then declined driven by large and medium-sized ships. On September 5, the Far East Dry Bulk Index (FDI) composite index released by the Shanghai Shipping Exchange was 1511.43 points, the freight index was 1237.49 points, and the rent index was 1922.33 points, up 7.2%, 6.7%, and 7.6%.
Cape ship market
The market for capesize vessels is trending strongly this week, and freight rates in the two oceans markets have reached a new high. Long-distance mining routes. In the first half of the week, the price of FFA forward contracts rose, driving market enthusiasm. Major Brazilian miners concentrated their shipments, increased iron ore pallets, and tight market capacity. On the 4th, freight rates rose to a high of US $ 29.367 / ton, a new high since February 2014. Over the weekend, as the FFA forward contract price fell, the market sentiment weakened, the iron ore pallets decreased slightly, and freight rates fell slightly. On Thursday, the freight rate for the Tubarao-Qingdao route in Brazil was $ 28.988 / ton, up 12.4% from last Thursday. In the Pacific market, driven by rising freight rates on long-distance mining routes and stronger FFA forward contract prices at the beginning of the week, shipowners' confidence increased. On the 4th, the freight rate for the Western Australia-Qingdao route rose to the highest price of $ 11.445 / tonne since May 2014. . Near the weekend, due to the pullback of freight rates on long-distance mining routes, market transactions were light and freight rates fell slightly. The market reported on the 5th that the loading period was September 23-25. The transaction price of the Dampier-Qingdao route in Australia was 11.3 USD / ton. On Thursday, the daily TCT of the China-Japan / Pacific round-trip route was US $ 33,588, an increase of 14.6% from last Thursday; the freight rate from the Australian Dampier to Qingdao route was US $ 11.273 / ton, an increase of 10.2% from last Thursday.
Panama ship market
The Panamanian market of the two oceans rose first and then suppressed. Grain routes, South America ’s grain routes are active in trade early in the week, grain pallets are firm, shipowners ’confidence is strengthened, and spot capacity is tightening in the market. South American charterers continue to charter ships from the Pacific market, and the pattern of more cargo and fewer ships continues, plus FFA The forward contract price rose, and the freight rate of the South American grain route rose to 42.222 US dollars / ton on the 3rd, setting a new high since February 2014. As the weekend approached, the number of grain pallets in October dropped on the market, and the contradiction of more cargo and less ships was eased. Freight rates fell from a high level and fell slightly. On Thursday, the grain freight rate from Santos, Brazil to the northern port of China was US $ 41.994 / ton, up 1.0% from last Thursday. In the Pacific market, driven by the stronger grain market in South America in the first half of the week, shipowners continued to empty Pacific shipping capacity to South America. The available market capacity was tight, and rents and freight rates continued to rise. In the second half of the week, the market performance was stable, there were not many coal pallets, and rents and freight rates fell slightly. On Thursday, the daily TCT of the China-Japan / Pacific round-trip route was 17025 US dollars, an increase of 1.1% from last Thursday; the daily TCT of the southern China route from Indonesia to South Korea was 15,931 US dollars, an increase of 1.8% from last Thursday; Sama, Indonesia The freight rate of the Linda-Guangzhou route was US $ 8.394 / ton, up 2.7% from last Thursday.
Super handy boat market
Super-handy vessels continued to rise in Southeast Asia. This week, the market heard that Indonesia will restrict nickel ore exports from January 1, 2020. Due to this, the market has thrown out many nickel ore pallets, the coal pallets have slightly decreased, and South Africa, the Atlantic and other markets The market is hot, attracting shipowners to release Southeast Asia ’s transportation capacity, the Southeast Asia market ’s supply capacity is tight, and rents and freight rates have fallen slightly after rising to high levels. On Thursday, the daily TCT rent for the South China / Indonesia route was US $ 13,217, an increase of 3.9% from last Thursday; the daily TCT rent for Singapore via Indonesia to the South China route was US $ 15,332, an increase of 4.2% from last Thursday; within the Bohai Bay of China- Daily TCT for Southeast Asia routes was US $ 9,219, up 2.1% from last Thursday; coal freight rates from the Indonesian Tabanio to Guangzhou, China were US $ 9.675 / ton, up 2.1% from last Thursday; Surigao Philippines to Rizhao, China The freight rate of nickel on the route was US $ 9.936 / ton, up 2.4% from last Thursday.
---- Zhuang Chenyuan, Information Department, Shanghai Shipping Exchange ----