August 2020

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14-August-2020

Handysize bulk carriers TCE (Weighted Time Charter Equivalent) increased to $8,846 per day on 14 August 2020 due to firm handysize bulk carrier fixture activity in European markets. BHSI (Baltic Handysise Index) increased to 491 points and reached 2020’s peak. Capesize bulk carrier spot rates dropped while handysize bulk carriers spot rates reached new highs. Handysize bulk carriers spot rates increased ex-United States Gulf. However, the Pacific handysize bulk carriers spot rates remained considerably flat. Handysize bulk carriers TCE (Weighted Time Charter Equivalent) for the South America-Skaw/Passero route increased to $11,388 per day on 14 August 2020. Panamax bulk carriers TCE (Weighted Time Charter Equivalent) increased to $16,415 per day on 14 August 2020 due to limited tonnage supply. Capesize bulk carriers TCE (Weighted Time Charter Equivalent) increased to $19,916 per day on 14 August 2020.

6-August-2020

Panamax bulk carrier’s TCE (Average Time Charter Equivalent) increased to $14,070 per day due to strong demands for American grain and Australian coal. Panamax bulk carrier’s rate for the benchmark US-China route improved to $43.25 per metric tonne this week. Panamax bulk carrier’s TCE (Average Time Charter Equivalent) for the Japan-South Korea transpacific roundtrip increased to $13,242 per day. Atlantic panamax market increased with strong grain demand from US Gulf as well as a coal shipping from the Baltic sea. On the other hand, capesize bulk carrier rates see more modest gains last week. Capesize bulk carrier’s TCE (Average Time Charter Equivalent) for the Brazil-China route increased over the week to $17,486 per day.Capesize bulk carrier’s rates for a voyage from Australia to China at $8.50 per metric tonne. Capesize bulk carrier’s TCE (Average Time Charter Equivalent) should stay around $19,000 to $21,000 per day for the rest of 2020.