Document 6595620

Weekly Dry Bulk Data
Week 45, 2014
Average Time Charter Rates
The Matrix: Illustrative 1, 2, 3, 5, and 10 year period rates for Ultramax and Kamsarmax tonnage
USD/Day
Nov ’14
Ultramax 61,000 dwt
1 year
10,750
2 year
11,000
Chng
+/-
Jan ‘15
0
n/a
-250
11,000
Chng
+/-
Chng
+/-
Jan ‘16
-250
2014
High
Low
n/a
15,000
10,750
n/a
14,500
11,000
Source: Baltic Exchange
USD/day
Handy
Supra
Panamax
Cape
Nov. 7
6,629
9,209
9,480
26,759
Baltic Daily Forward Assessment
USD/day
Source: Baltic Exchange
Handy TC
Supra 5TC
Panamax 4TC
Cape 4TC
3 year
11,250
-250
11,250
-250
12,500
0
14,500
11,250
5 year
12,000
-250
12,000
-250
12,750
0
14,250
12,000
Nov
7,000
9,269
9,500
24,180
13,000
0
13,000
0
13,000
0
14,000
13,000
Dec
7,150
9,779
9,350
20,690
15,250
8,750
Q1 15
6,696
8,735
8,308
12,297
10 year
Kamsarmax 82,000 dwt
1 year
10,000
0
n/a
2 year
10,250
-250
10,250
-250
3 year
10,750
-250
10,750
-250
5 year
12,000
0
12,000
0
10 year
13,000
0
13,000
0
n/a
15,000
10,000
Q2 15
7,650
9,042
9,342
13,510
13,000
0
14,500
10,750
Q3 15
7,238
8,917
8,292
15,320
13,250
0
14,500
12,000
0
Q4 15
7,963
9,425
9,458
19,080
13,500
14,500
13,000
Cal 15
7,387
9,030
8,850
15,052
Cal 16
7,913
9,220
9,050
15,040
Cal 17
8,063
9,492
9,217
15,210
n/a
Illustrative rates estimated basis Nov. 7 with Pacific delivery.
Vessel prices
(million USD)
Handysize 35,000 dwt
Supramax 56,000 dwt
Kamsarmax 82,000 dwt
Capesize 180,000 dwt
5 year
NB
5 year
NB*
5 year
NB
5 year
NB
17-19 22-24 21-23 27-29 20-22 29-31 44-46 53-55 5 year: Japanese built. NB: Chinese built vessel for 2016 delivery
“->” indicates direction compared to last week
*Based on Chinese built 64,000 dwt
Market drivers
Iron ore export to China out of Port Hedland, Australia hit a
record level in October at 31.7 million tons. That is a 26 percent
increase compared to same month last year and a 35 percent increase
when comparing year to date. The port is important for the dry bulk
market as more than a third of total Chinese iron ore imports is
shipped through this port.
Period fixtures (1 year and longer)
Vessel transactions (representative)
'Ogna' 2008 75,754 dwt dely Ennore 08/12 Nov
11/13 months trading redel worldwide USD 9,000
daily.
New building
Golden Union declared their option for 2 x 180,000 dwt at
Hyundai Heavy at USD 56.5 mill.
Coal exports out of port Waratah coal terminal, Australia,
declined 1 million tons to 8.9 million tons in October resulting in
92.1 million tons being exported so far in 2014. Yet, this is a two
percent increase over last year. The volume shipped to China has
increased around 6.7 million tons compared to October last year,
which is primarily a result of reduced Indonesian coal export.
Second hand
M/V Medi Sentosa (83,000 dwt blt '08 Sanoyas) sold at
USD 19.7 mill. to Magna Marine.
M/V Darya Bhakti (56,000 dwt blt '05 Mitsui) sold at USD
16.8 mill. to undisclosed Buyers.
M/V Birch 1 (24,000 dwt blt '95 Saiki) sold at low USD 5
mill. to undisclosed Buyers.
The Bank of Japan surprised markets on 31 October by
announcing a significant increase in its quantitative easing policy. The
policy triggered a fall of around 3% in the value of the Yen against the
US dollar, a positive sign for Japanese exports - including the ship
yard industry.
Business confidence in the U.S.A, measured by the Purchasing
Managers Index, increased to 59 percent in October from 56.6
percent in September. The New Orders Index registered 65.8 percent,
an increase of 5.8 percentage points from September, indicating
growth in new orders for the 17th consecutive month.
This report is based on our knowledge of relevant market conditions. Our estimates are made on the basis of this knowledge, but other circumstances, or new circumstances, as well as general uncertainty could cause
the market to develop differently. We take general reservation for misprints. © All rights reserved. No part of this publication may be reproduced in any material form (including photocopying or storing it in any
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