Dry Bulk FFA: Capesize Market On Positive Momentum
A positive day in terms of rates paid for the FFA’s but volumes were slight and although the indices were marked lower, there was a feeling that the physical has bottomed out.
It was a more positive close to the week on Panamax paper with some improved buying coming through after slightly more optimistic index. Aug traded up to $12300 while Q4 and cal19 printed $12400 highs.
Extremely quiet close to the week on Supramax paper with rates a tick better bid early on prompts before setlting into a steady range post index.
Quiet day on handy paper with no reported trading.Full Report
Source: Freight Investor Services