Maersk Broker PPT template Office 2010

Weekly Dry Bulk Data
Week 6, 2015
The Matrix: Illustrative 1, 2, 3, 5, and 10 year period rates for Handysize, Ultramax and Kamsarmax tonnage
USD/Day
Feb ’15
Handysize 38,000 dwt
1 year
7,500
Chng
+/-
Jan ‘16
-500
n/a
-500
Chng
+/-
Chng
+/-
Jan ‘17
High
2015
Average Time Charter Rates
Low
n/a
8,500
7,500
8,000
8,500
2 year
3 year
8,000
8,500
-250
8,500
9,250
-250
n/a
10,000
0
8,750
9,000
5 year
9,500
0
10,000
0
10,500
-250
9,500
9,500
10,000
0
10,500
0
10,750
0
10,000
n/a
10 year
-500
Ultramax 61,000 dwt
Source: Baltic Exchange
USD/day
Handy
Supra
Panamax
Cape
Feb. 5
4,666
5,627
3,418
6,719
Baltic Daily Forward Assessment
USD/day
Source: Baltic Exchange
Handy TC
Supra 5TC
Panamax 4TC
Cape 4TC
Feb
5,125
5,992
4,425
6,530
Mar
5,500
6,908
5,829
7,770
Q2 15
6,150
7,739
6,961
8,803
Q3 15
6,163
7,733
6,942
10,720
14,440
1 year
8,500
-500
n/a
n/a
10,250
8,500
2 year
9,000
-750
9,750
-750
n/a
10,500
9,000
3 year
9,750
-500
10,250
-750
10,750
-1,000
10,750
9,750
5 year
10,250
-500
10,750
-750
11,250
-750
11,250
10,250
Q4 15
6,613
8,583
8,033
10 year
10,750
-500
11,250
-750
11,500
-750
12,000
10,750
Q1 16
6,600
8,092
7,321
8,745
Cal 16
6,725
8,546
8,075
11,700
Cal 17
7,338
8,729
8,592
13,185
Cal 18
7,813
8,812
8,825
14,350
Kamsarmax 82,000 dwt
1 year
7,750
2 year
3 year
8,250
9,000
5 year
10,500
10 year
11,500
-250
n/a
0
9,000
10,000
-250
11,250
-250
12,000
-250
n/a
8,000
7,500
-500
n/a
12,000
-250
8,500
9,750
8,250
9,000
-750
12,250
-250
11,500
10,500
-500
12,500
-250
12,500
11,500
0
Illustrative rates estimated basis Feb. 5 with Pacific delivery.
Vessel Prices
Market Drivers
(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
13-15 
21-23 
17-19 
26-28 
19-21 
27-29 
36-38 
51-53 
5 year: Japanese built. NB: Chinese built vessel for 2016 delivery
“->” indicates direction compared to last week
*Based on Chinese built 64,000 dwt
Period Fixtures (1 year and longer)
Vessel Transactions (representative)
 MV 'CIC Pride' 2002 built 171,870 dwt Delivery
Qingdao 04/05 Feb - 10/15 months trading redelivery
worldwide $10,000 daily.
Newbuilding
 Tsuneishi contracted 2 x 82,000 dwt Kamsarmax
bulkers with EFShipping with price and delivery dates
not disclosed.
 Sanoyas contracted 2 x 89,000 dwt PostPanamax
bulkers at undisclosed buyers and price and delivery
dates not disclosed.
 MV 'Simon LD' 2014 built 179,816 dwt Delivery China
15/20 Mar - 1 years trading redelivery worldwide
based on BCI 4 timecharter average plus 15%.
 MV 'Norfolk ' 2002 164,218 dwt Delivery Taiwan 26
Feb/07 Mar - 13/17 months trading redelivery
worldwide $10,250 daily basis 4.75% total.
 MV 'Myrsini' 2010 82,193 dwt Delivery Ijmuiden 14/23
Feb - 10/14 months trading redelivery worldwide
$8,250 daily.
Secondhand
 M/V Maria V. Livanos (57k dwt blt '11 STX Dalian) sold
at USD 18 million to undisclosed buyers with bareboat
charter back to sellers.
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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 About a third of China’s iron ore mines have halted
production. This could rise as high as 45% by the end of the
year if the iron ore price stay below 70 USD/ton. The lower
domestic production is supportive for China’s import of iron
ore. 52 million tons Chinese capacity was eliminated last year, and 70
million tons is expected this year. China is forecast to import around
1,000 million tons in 2015 compared to 933 million tons in 2014.
 Port of Hedland exported a total of 36.8 million tons of iron
ore in January, up by 30% Y-o-Y, whereof 30.2 million tons
were shipped to China, up by 29% Y-o-Y. Iron ore inventories at
Chinese ports has declined 4% compared to last week to 97.3 million
tons.
 The Australian Port of Waratah shipped 9.9 million tons of
coal in January, up 8% Y-o-Y from 9.2 million tons in January
2014. 2.1 million tons of the coal was exported to China, up by 13%
compared to January 2014, were the port shipped 1.8 million tons to
China.