Home / Shipping News / Dry Bulk Market / Dry Bulk FFA: Capesize Market Recovers Some Lost Ground

Dry Bulk FFA: Capesize Market Recovers Some Lost Ground

Capesize FFA Commentary:
Capes paper slipped in the morning session as news of a significantly weaker F/H fixture circulated in the market and talk of backhaul heading into negative returns damped enthusiasm. The index however was not as aggressively marked down as anticipated and buyers did step up as the afternoon went on although volume was relatively low. Q2 onwards remained well supported with very little appetite to sell as per the previous day.

Panamax FFA Commentary:
We gave back most of yesterday gains on Panamax paper as the spate of activity witnessed last week in the ATL has quickly run out of steam. As a result we slipped back into the lower end of the current range with Feb breaking $11k support to print $10850 low extending the carry into March with levels only marginally lower further out.

Supramax FFA Commentary:
Supramax paper opened on a stronger note once again yesterday as we saw Q1 trading $10500 and Q3 $10700. However the buying interest did fade away as we gradually run into some resistance and softened during the afternoon with Feb trading $10,000 and Cal 18 $10800.

Handysize FFA Commentary:
Quiet day on the handysize paper with very little to report. No reported trades.
Full Report

Source: Freight Investor Services

Recent Videos

Hellenic Shipping News Worldwide Online Daily Newspaper on Hellenic and International Shipping