Høyeste shippingrater på 9-år

KJEPET
GOGL 30.08.2019 kl 14:12 147881

Da passerte vi forrige topp i shippingratene (BDI) som var 12. desember 2013. Vi har nå de høyeste ratene på 9-år! Ikke rart Golden Ocean handles til skrotpris.
Bassefix
13.09.2019 kl 08:43 8017

BULK:7 CAPESIZE-SPOTSLUTNINGER -ARROW

08:14
Oslo (TDN Direkt): Det ble rapportert om syv capesize-spotslutninger torsdag, der fem er for jernmalm og to er for kull.

Dette fremgår av en slutningsliste fra Arrow Shipbroking Group.

Det ble sluttet fem spotreiser fra Australia, der fire går til Kina og en går til Nederland.

Videre ble det sluttet en reise fra Colombia til Japan og en reise fra Vest-Afrika til Tyrkia.

Ellers ble det sluttet tre timecharters, der en er for det 2014-bygde skipet Golden Houston til en dagrate på 36.000 dollar pr dag, men ytterligere detaljer er ikke kjent.

For øvrig skriver Splash tidligere denne uken at John Fredriksens Seatankers Management har kjøpt det 2012-bygde skipet Frontier Voyager på 180.700 dødvekttonn for rundt 26 millioner dollar.

LK finans@tdn.no
TDN Direkt, +47 21 95 60 70
© TDN delayed
Kbkristi
13.09.2019 kl 08:56 7973

Gogl gikk jo ex div på 53,85 for vel 14 dager siden, så dette har jo vært ei grei forretning :)
Tror nok flere får øynene opp for hvilken gullkrukke vi sitter på. :)

Alle som skal kjøpe GOGL for utbyttet kjører kursen :)
RSinvest
13.09.2019 kl 09:40 7837

Liten update etter de siste transaksjoner i bruktmarkedet.

-A 5% uptick in values would lift GOGL NAV from NOK 62 to NOK 68.

Såå mao. GOGL tjener grovt med penger, sterke fundamentaler og handles godt under stål.
Redigert 13.09.2019 kl 09:41 Du må logge inn for å svare
noprofit
13.09.2019 kl 09:43 7821

Kina og USA utmattet av handelskrig – vurderer begrenset avtale
Stillingskrigen mellom USA og Kina kan gå mot slutten. De vanskeligste temaene kan bli utsatt i neste forhandlingsrunde. Kina åpner grensene for amerikanske landbruksprodukter med lav straffetoll.
KJEPET
13.09.2019 kl 09:47 7805

Ja, folket nekter for at det som skjer innen bulk nå er sant, det kan jo ikke gå bra når Trump twiterer hele tiden, he,he. I dag stenger vi over 59.- (sjekk volumet allerede!), og OHS-en utløses. Da får vi et pent rykk i kursen de neste ukene.

Og Joakim spår (nesten) en dobling av skipsverdiene i løpet av de neste 3 årene. Hva skjer med kursen da? I tillegg til de feite utbyttene som triller inn fremover?
https://twitter.com/JHannisdahl/status/1171704516447789056/photo/2
BMjelde
13.09.2019 kl 10:00 7752

Det virker å være voldsomt med teknisk motstand rundt 59,-. Har stanget der flere ganger. Når den først bryter kan dette gå veldig fort.

Det var et bra utbytte, men nå er jeg klar for crazy rally som 2006/2007.
RSinvest
13.09.2019 kl 10:49 7649

KINA:OPPFORDRER SELSKAPER TIL Å KJØPE AMERIKANSKE LANDBRUKSPRODUKTER -HU
Oslo (TDN Direkt): Redaktøren i The Global, Hu Xijin, som blir sett på som et talerør for Kina, skriver på Twitter fredag at regjeringen oppfordrer kinesiske selskaper til å kjøpe en viss mengde amerikanske landbruksprodukter, som også vil bli unntatt ytterligere tariffer.

-Håpet er at den amerikanske siden kan beholde gjensidighet og velvilje med Kina gjennom praktiske handlinger, skriver han.

Kbkristi
13.09.2019 kl 11:25 7517

Utbyttet var bra, men ved neste høve tror jeg det vil 3-doble seg. Kjekt å se at Golden Houston seiler til $ 36.000 pr dag. Vi får det moro framover :)
RSinvest
13.09.2019 kl 12:13 7357

BULK:BALTIC CAPESIZE-INDEKS -1,3% TIL USD 33.996/DAG
Oslo (TDN Direkt): Baltic Capesize-indeks er ned 1,3 prosent for dagen til 33.996 dollar pr dag, ifølge The Baltic Exchange fredag.


Takk og god helg! Håper vi holder over 30k :/
kentove
13.09.2019 kl 13:05 7106

savner de tidene, gikk fra 3 kroner til over 30 på 2 år eller noe sånn :)
Bassefix
13.09.2019 kl 13:36 7002

Freight futures am update
Capesize flat
Panamax flat
#shipping #drybulk $BDRY
RSinvest
13.09.2019 kl 14:14 6930

BULK: BALTIC DRY-INDEKSEN -0,8% TIL 2.312 POENG
Oslo (TDN Direkt): Baltic Dry-indeksen er ned 0,8 prosent til 2.312 poeng, ifølge The Baltic Exchange fredag.

Baltic Dry -0,8%
Capesize -1,3%
Panamax +0,2%
Handysize -0,1%
Supramax -0,4%
Baltic Dry-indeksen angis i poeng. Resterende segmenter er snittrater i dollar pr dag.

Dato BDI Capesize Panamax Handysize Supramax
13.09.19 2.312 33.996 17.077 10.049 14.675
12.09.19 2.331 34.434 17.051 10.059 14.726
11.09.19 2.366 35.183 17.171 10.067 14.794
10.09.19 2.393 35.664 17.315 10.065 14.883
09.09.19 2.422 36.121 17.556 10.051 15.010
06.09.19 2.462 36.921 17.755 10.050 15.099
05.09.19 2.499 37.644 17.898 10.028 15.199
04.09.19 2.518 38.014 18.026 9.961 15.233
03.09.19 2.501 37.519 18.113 9.891 15.214
02.09.19 2.442 36.101 18.116 9.797 15.158
30.08.19 2.378 34.583 18.098 9.709 15.056
29.08.19 2.277 32.191 18.012 9.580 14.960
28.08.19 2.267 32.182 17.897 9.393 14.768
27.08.19 2.213 31.116 17.760 9.250 14.507
23.08.19 2.168 30.437 17.583 9.056 14.113
22.08.19 2.188 29.490 17.456 8.911 13.840
21.08.19 2.061 28.431 17.309 8.659 13.498
20.08.19 2.059 28.591 17.299 8.493 13.213
19.08.19 2.067 28.881 17.402 8.346 12.998
16.08.19 2.088 29.624 17.359 8.210 12.753
15.08.19 2.047 29.102 17.198 8.069 12.220
14.08.19 1.950 27.455 16.708 7.910 11.677
13.08.19 1.864 26.112 15.983 7.788 11.329
12.08.19 1.774 24.410 15.440 7.713 11.136
09.08.19 1.748 24.022 15.169 7.705 11.074
08.08.19 1.720 23.782 14.701 7.671 10.938
07.08.19 1.712 23.885 14.320 7.655 10.892
06.08.19 1.734 24.625 14.068 7.637 10.910
05.08.19 1.774 25.619 14.025 7.638 10.951
02.08.19 1.788 25.749 14.234 7.612 11.045
01.08.19 1.812 26.067 14.547 7.606 11.111
31.07.19 1.868 26.952 15.129 7.603 11.207
30.07.19 1.899 27.187 15.752 7.585 11.287
29.07.19 1.922 27.217 16.399 7.588 11.384
26.07.19 1.937 27.145 16.869 7.575 11.492
25.07.19 1.947 26.928 17.431 7.538 11.577
24.07.19 2.014 28.352 17.658 7.445 11.665
23.07.19 2.165 32.078 17.742 7.408 11.650
22.07.19 2.191 32.963 17.597 7.307 11.491
19.07.19 2.170 32.765 17.348 7.225 11.282
18.07.19 2.130 32.219 17.053 7.137 10.979
17.07.19 2.064 31.073 16.661 7.059 10.704
16.07.19 2.011 30.157 16.396 6.997 10.434
15.07.19 1.928 28.579 15.919 6.924 10.231
12.07.19 1.865 27.389 15.536 6.926 10.112
11.07.19 1.816 26.705 15.018 6.868 9.897
10.07.19 1.777 26.403 14.300 6.792 9.717
09.07.19 1.759 26.367 13.886 6.722 9.602
08.07.19 1.725 25.822 13.534 6.673 9.530
05.07.19 1.740 26.444 13.295 6.595 9.435
04.07.19 1.700 26.085 12.539 6.540 9.344
03.07.19 1.549 23.214 11.465 6.491 9.216
02.07.19 1.446 21.076 10.971 6.481 9.116
01.07.19 1.381 19.824 10.547 6.515 9.067
28.06.19 1.354 19.360 10.301 6.523 9.014
27.06.19 1.340 19.296 9.960 6.543 8.962
26.06.19 1.317 19.117 9.550 6.540 8.852
25.06 19 1.280 18.539 9.221 6.550 8.739
24.06.19 1.258 18.287 8.914 6.544 8.626
21.06.19 1.239 17.947 8.795 6.530 8.570
20.06.19 1.194 16.869 8.837 6.486 8.483
19.06.19 1.179 16.493 8.917 6.429 8.392
18.06.19 1.135 15.424 8.974 6.378 8.303
17.06.19 1.093 14.400 9.035 6.303 8.202
14.06.19 1.085 14.203 9.085 6.276 8.152
13.06.19 1.062 13.621 9.135 6.269 8.094
12.06.19 1.080 13.989 9.236 6.237 8.106
11.06.19 1.105 14.489 9.373 6.202 8.128
07.06.19 1.138 15.007 9.736 6.175 8.173
06.06.19 1.138 14.769 9.997 6.118 8.242
05.06.19 1.141 14.561 10.303 6.070 8.300
04.06.19 1.122 13.916 10.458 6.041 8.378
03.06.19 1.103 13.258 10.618 6.011 8.468
31.05.19 1.096 12.987 10.705 5.969 8.511
30.05.19 1.097 12.965 10.740 5.943 8.556
29.05.19 1.107 13.163 10.712 5.912 8.624
28.05.19 1.082 12.583 10.593 5.907 8.693
24.05.19 1.066 12.243 10.446 5.881 8.764
23.05.19 1.068 12.403 10.308 5.862 8.768
22.05.19 1.059 12.301 10.150 5.826 8.757
21.05.19 1.049 12.131 10.066 5.803 8.731
20.05.19 1.041 11.949 10.050 5.775 8.727
17.05.19 1.040 11.909 10.042 5.763 8.738
16.05.19 1.032 11.705 10.023 5.728 8.757
15.05.19 1.032 11.758 9.953 5.704 8.754
14.05.19 1.043 12.134 9.837 5.701 8.737
13.05.19 1.026 11.856 9.694 5.711 8.712
10.05.19 1.013 11.621 9.592 5.715 8.673
09.05.19 974 10.708 9.548 5.716 8.630
08.05.19 940 9.944 9.509 5.712 8.569
07.05.19 936 9.898 9.514 5.712 8.479
03.05.19 985 11.182 9.524 5.720 8.390
02.05.19 1.032 12.346 9.516 5.751 8.431
01.05.19 1.031 9.499 5.780 8.507
30.04.19 1.011 11.718 9.503 5.764 8.575
29.04.19 913 9.203 9.513 5.794 8.664
26.04.19 889 8.596 9.485 5.831 8.703
25.04.19 869 8.092 9.450 5.857 8.712
24.04.19 850 7.713 9.416 5.881 8.620
23.04.19 821 7.196 9.362 5.874 8.403
18.04.19 790 6.624 9.295 5.861 8.199
17.04.19 767 6.209 9.172 5.914 8.122
16.04.19 749 5.991 8.948 5.951 8.044
15.04.19 738 5.905 8.729 5.982 7.997
12.04.19 726 5.737 8.577 6.028 7.967
11.04.19 728 5.775 8.557 6.078 8.004
10.04.19 734 5.886 8.588 6.144 8.035
09.04.19 725 5.520 8.673 6.256 8.117
08.04.19 714 5.099 8.798 6.337 8.196
05.04.19 711 4.881 8.902 6.430 8.304
04.04.19 699 4.369 8.986 6.514 8.474
03.04.19 672 3.540 9.009 6.652 8.682
02.04.19 674 3.460 8.952 6.753 8.900
01.04.19 685 3.695 8.873 6.843 9.035
29.03.19 689 3.796 8.813 6.893 9.094
28.03.19 692 3.872 8.700 6.927 9.198
27.03.19 690 3.931 8.461 6.902 9.284
26.03.19 683 3.763 8.440 6.856 9.298
25.03.19 689 4.035 8.313 6.778 9.258
22.03.19 690 4.180 8.241 6.723 9.199
21.03.19 695 4.511 8.105 6.637 9.038
20.03.19 709 5.306 7.730 6.582 8.829
19.03.19 712 5.684 7.419 6.534 8.727
18.03.19 721 6.041 7.283 6.480 8.705
15.03.19 730 6.387 7.108 6.437 8.709
14.03.19 677 5.321 6.771 6.389 8.714
13.03.19 654 4.813 6.627 6.323 8.750
12.03.19 647 4.526 6.755 6.295 8.762
11.03.19 645 4.325 6.971 6.209 8.768
08.03.19 649 4.236 7.195 6.163 8.777
07.03.19 657 4.263 7.454 6.114 8.767
06.03.19 664 4.409 7.550 6.037 8.696
05.03.19 663 4.535 7.436 5.937 8.605
04.03.19 669 4.897 7.249 5.791 8.514
29.02.19 664 5.065 6.953 5.728 8.434
28.02.19 658 5.290 6.548 5.646 8.329
27.02.19 651 5.576 6.055 5.543 8.215
26.02.19 649 5.807 5.746 5.401 8.135
25.02.19 637 5.747 5.518 5.311 8.068
22.02.19 634 5.873 5.370 5.206 7.933
21.02.19 630 5.988 5.296 5.110 7.736
20.02.19 622 6.095 5.229 4.988 7.393
19.02.19 635 6.646 5.147 4.845 7.159
18.02.19 643 7.135 5.061 4.644 6.862
15.02.19 639 7.308 5.029 4.544 6.529
14.02.19 628 7.342 4.988 4.486 6.161
13.02.19 608 7.284 4.919 4.372 5.634
12.02.19 598 7.326 4.828 4.285 5.345
11.02.19 595 7.561 4.714 4.229 5.038
08.02.19 601 7.911 4.618 4.202 4.870
07.02.19 610 8.230 4.506 4.198 4.840
06.02.19 629 8.757 4.439 4.268 4.837
05.02.19 629 8.722 4.442 4.264 4.911
04.02.19 634 8.748 4.435 4.365 5.049
eriksu2
13.09.2019 kl 20:17 6575

Ny presentasjon lagt ut på goldens hjemmeside. Hvis ratene holder seg ut året må det bli gode utbytter i q 3 og q4....
Mollen
13.09.2019 kl 22:31 6586

God halvårsrapport som illustrerer veldig godt breakeven nivåer og inntjeningspotensiale vs ratenivå.

Er det noen her inne som har regnet på resultatet for Q3 ?? Er det noen som har sett noe om hva analytikerne tror ?

Jeg mener vi ligger an til å lande på en EPS på rundt 0,5 $ pr aksje. Utbytte regner jeg med blir på mellom 30 og 40 Cent. Hva tenker dere ?
Kbkristi
14.09.2019 kl 08:29 6502

Mine beregninger nærmer seg også en inntjening $ 0,50 pr aksje. Men det er vanskelig å vite hvor mye nedetid de har pga scrubberinstalsjoner.
Snitt cape ligger på $ 29.276 hittil i Q3.
Pmax har et snitt på $ 16.068
og Supra $ 12.095.
Det etableres et kraftig gulv rundt kr 59, noe som blir veldig kjekt når vi klatrer forbi :)
Noe stort må vel hende, om ikke dette vil skje i løpet av neste uke.
Bassefix
14.09.2019 kl 15:03 6240

Baltic index down on muted capesize demand; falls 6% this week
in Dry Bulk Market,International Shipping News 14/09/2019


The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, declined on Friday for a seventh consecutive session as losses in the capesize vessel segment continued.

The Baltic index, which reflects rates for capesize, panamax and supramax vessels, fell 19 points, or 0.8%, to 2,312 points. The index has fallen 6.1% this week, its first weekly loss in five weeks.

The capesize index dropped 65 points, or 1.4%, to 4,547 points, marking its seventh straight session of losses.

The capesize index fell 8.1% this week, marking its first weekly loss in five weeks.

Average daily earnings for capesizes, which typically transport 170,000-180,000 tonne cargoes such as iron ore and coal, fell $438 to $33,996.

The panamax index edged four points higher, or 0.2%, to 2,133, snapping a six-session losing streak.

Average daily earnings for panamaxes, which usually carry coal or grain cargoes of about 60,000 tonnes to 70,000 tonnes, rose $26 to $17,077.

The supramax index inched down six points to 1,299.
Source: Reuters (Reporting by Anjishnu Mondal in Bengaluru)
Bassefix
14.09.2019 kl 15:09 6237

Ja det var så uge 37. Hvor vi sluttede på 58.95kr. Det bliver en spændende uge vi går ind i. Er det i uge 38 vi skal op i 60 eller skal vi lidt ned igen. Håber at rater begynder at stige igen.
Kbkristi
15.09.2019 kl 10:56 5854

Med en forventet eksploderende oljepris neste uke, er det vel lite trolig at rederne tilbyr skipninger på billigsalg.
Redigert 15.09.2019 kl 12:21 Du må logge inn for å svare
RSinvest
15.09.2019 kl 12:06 5788

For å ikke nevne det psykologiske aspektet med den tekniske sperren på 60-nivået.
Kbkristi
15.09.2019 kl 12:23 5787

Jeg synes den sperren ligger på 59, så jeg tror 60 blir lettere. Men jeg tror det blir en spennende uke.
Redigert 15.09.2019 kl 12:23 Du må logge inn for å svare
RSinvest
15.09.2019 kl 12:32 5793

Det er alt etter øye som ser og etter hvilke verktøy man benytter seg av. Har selv gode erfaringer med Fibonaccinivåer. Neste for GOGL i mitt chart der er 60,80. Uansett bare antydede og diffuse nivåer som jeg betrakter som "motstands spenn".

Når det gjelder det fundamentale så er det fortsatt brukbar divergens mellom kurs og rateutvikling til tross for at ratene har kommet ned.

Kraftig hopp i oljeprisen påvirker vel også prisen på kull, og dermed fraktratene ville jeg tro. Alt ligger til rette for en volatig børs-høst.

PS. På tide med en ny tråd?

Best å ha en megatråd, for det oser autoritet!
Bassefix
16.09.2019 kl 08:24 5260

GOGL: ØKT INVESTERINGEN I SINGAPORE MARINE

07:54
Oslo (TDN Direkt): Golden Ocean Group har økt investeringen i Singapore Marine Pte Limited i sammenheng med Singapore Marines oppkjøp av majoriteten av eiendeler og operasjoner i Swiss Marine.

Det fremgår av en melding mandag.

Golden Ocean har forpliktet seg til 9,5 millioner dollar i egenkapital og 0,7 millioner dollar i aksjonærlån i Singapore Marine, opplyses det.

Selv om Singapore Marine vil operere uavhengig fra Golden Ocean og vår deltakelse i selskapet primært er finansielt, forventer vi å utlede ytterligere verdi gjennom dette forholdet, sier driftsdirektør Thomas Semino i Golden Ocean.

LK finans@tdn.no
TDN Direkt, +47 21 95 60 70
© TDN delayed
Kbkristi
16.09.2019 kl 09:12 5142

Oslo (TDN Direkt): Det ble rapportert om seks capesize-spotslutninger fredag, der fem er for jernmalm og en er for kull.
Dette fremgår av en slutningsliste fra Arrow Shipbroking Group.
Det ble sluttet fem spotreiser til Kina, der tre går fra Australia, en går fra Brasil og en går fra Sør-Afrika.
I tillegg ble det sluttet en reise fra Sør-Afrika til India.
Ellers ble det sluttet tre timecharters, men ytterligere detaljer er ikke kjent for markedet.
For øvrig skriver bransjenettstedet Splash fredag at Sinotrans Shipping skal ha solgt 2018-bygde Ultramaxen "Guo Qiang 8" på 63.000 dødvekttonn for litt over 23 millioner dollar. Oman Shipping skal visst nok være kjøperen, opplyses det.
LK finans@tdn.no TDN Direkt, +47 21 95 60 70
Kbkristi
16.09.2019 kl 09:43 5095

Der brukes det ca 7 cent av EPS. Vi får håpe dette gir oss flere ben å stå på, samt meravkastning framover.
Kbkristi
16.09.2019 kl 10:59 4933

Shanghai shipping index Cape / Pmax / Supra +1,51 / -0,65 / +0,14 %
dalglish
16.09.2019 kl 11:40 4826

En hånd på rattet i Singapore Marine, som nå blir en betydelig aktør, er bra. Regner med at dette forholdet vokser seg enda sterkere etterhvert.
Bassefix
16.09.2019 kl 12:26 4679

BULK:BALTIC CAPESIZE-INDEKS +0,01% TIL USD 34.001/DAG

12:05
Oslo (TDN Direkt): Baltic Capesize-indeks er opp 0,01 prosent for dagen til 34.001 dollar pr dag, ifølge The Baltic Exchange mandag.

TDN Direkt finans@tdn.no
TDN Direkt, +47 21 95 60 70
© TDN delayed

Takk, får håpe det blir grønne tall her etterhvert :)
Bassefix
16.09.2019 kl 13:21 4485

Freight futures am update
Capesize down ~2%
Panamax down ~2%
#shipping #drybulk $BDRY

Dritt! Flax jeg er søkklastet med sdrl på bra snitt, ellers hadde hele jævla gogl gått ut vinduet.
Bassefix
16.09.2019 kl 14:28 4387

BULK: BALTIC DRY-INDEKSEN -0,04% TIL 2.311 POENG

14:07
Oslo (TDN Direkt): Baltic Dry-indeksen er ned 0,04 prosent til 2.311 poeng, ifølge The Baltic Exchange mandag.

Baltic Dry -0,0%

Capesize +0,0%

Panamax +0,0%

Handysize -0,1%

Supramax -0,3%
Bassefix
16.09.2019 kl 18:01 4162

Dry Bulk Market: Capesizes on Correction Mode
in Dry Bulk Market,International Shipping News 16/09/2019


Capesize
Overall it was a negative week for the Capesize market, with many routes losing ground. A limited amount of timecharter appeared, with most activity seemingly centred on voyage basis. However, a 176,000dwt vessel was rumoured fixed delivery China, mid-September, for a west Australian round at $30,000. The highlight of the week was on the C5 route, which initially lost ground, before bouncing back to around the $11.00 mark as the week closed, with talk of BHP fixing this level. For the C3 route, limited fresh information surfaced. However, the Newcastlemax, ‘Stamatis’, was linked to 190,000/10 iron ore, for early October dates at around $25.25- $25.50 level. For trans-Atlantic runs, a 182,000dwt ship was reported fixed for 160,000/10 coal, from Puerto Bolivar to Rotterdam for end September/early October dates, at $14.10, with an Iskenderun option at $15.30. Elsewhere, 130,000/10 iron ore, from Saldanha Bay to Hamburg, basis 1/10 October dates, was covered in the mid-low $13.00s.

Panamax
Another week without fireworks. The market drifted lower again, with only the Atlantic index returning to positive territory at the end of the week, mainly due to an increase in shorter Baltic trades and a tightening of tonnage on the North Continent. A modern Kamsarmax fixed at $25,000 from the Continent to Italy, redelivery Gibraltar. The Pacific round rate dropped over $1,250, the most during the week, with the paper market affecting sentiment, several vessels being reported as failed, and holidays in Asia at the end of the week. The futures market did recover towards the end of the week, but physical trade volumes had already dwindled by then. South America was not as active as usual, however, brokers felt levels were holding up quite well, especially for the better described units. Understandably there was little period market news again.

Supramax/Ultramax
The Baltic Supramax Index (BSI) had a weaker start to the week and the softening trend continued. The US Gulf remained relatively slow, but the rates stayed firm. Brokers reported no signs of recovery from East Coast South America and pressure remained on the tonnage open in Far East. A 64,000dwt vessel open early October in China was fixed on subjects for two years, with worldwide redelivery, at $12,250. From East Coast South America, a 55,000-tonner was fixed to Algeria with grains at $24,000. From the Mediterranean, a 56,000dwt ship, open Canakkale, achieved $13,500 for a trip to the US Gulf. A 61,000dwt vessel, open in the Gulf, was fixed to China at $31,000, possibly with concentrates. More stems were noticed going to Vietnam from Indonesia, with a 56,000dwt ship, open South China, and a similar-sized vessel open Thailand, both fixing in the mid $12,000s. North Pacific fixtures were reportedly failed on an Ultramax new building at $14,000 and concluded in the $10,000s for a Dolphin 57 type, open North China, with redelivery in the Singapore-Japan range.

Handysize
The Baltic Handysize Index (BHSI) recorded the highest point since January 2014 at 692. However, the trend was paused on Thursday, declining a point. Like the Supras, rates from the Mediterranean/Continent region and East Coast South America softene. The Pacific remained slow throughout the week. On the period front, a 34,000dwt grabber, open Malaysia, was fixed for about seven to ten months in the mid $10,000s. A 28,000dwt ship, open in the Spanish Mediterranean, was fixed for a short period trading at a rate close to $11,000 with redelivery in the Atlantic. A 32,000dwt vessel was fixed from Milos for a trip to the Continent at $10,000, while a 35,000dwt ship was fixed for a trip from Santos to Brake at $18,250. In the East, a larger 44,000dwt ship was booked for a trip via Indonesia to CJK at $16,000 basis Singapore delivery.
Source: The Baltic Briefing
Bassefix
16.09.2019 kl 18:05 4371

China Backs U.S. Farm Purchases as Trade Talks Atmosphere Warms
in Dry Bulk Market,Freight News 16/09/2019


China said it is encouraging companies to buy U.S. farm products including soybeans and pork, and will exclude those commodities from additional tariffs, in the latest move to ease tensions before the two sides resume trade talks.

The Commerce Ministry’s announcement on Friday follows a move earlier this week to exempt a range of American goods from 25% extra tariffs put in place last year, as the government seeks to lessen the impact from the trade war. China didn’t specify the amount of purchases of pork and soybeans, which are key exports from agricultural states important for President Donald Trump’s 2020 reelection bid.

Equity markets have rebounded in recent days as both Trump and Chinese leader Xi Jinping sought to lower tensions that are clouding the outlook for the world’s biggest economies. Adding to the pressure on Beijing, China is facing pork shortages that are pushing up prices during a holiday period, prompting officials to ration sales in some areas. Still, major differences on the substantive issues that sparked the trade war remain.

“It is hoped the U.S. side can keep goodwill reciprocity with China through practical actions,” Global Times editor-in-chief Hu Xijin said in a tweet shortly before the move was announced.

Trump administration officials have discussed offering a limited trade agreement to China that would delay and even roll back some U.S. tariffs for the first time in exchange for Chinese commitments on intellectual property and agricultural purchases. Working-level teams from both countries are set to meet next week.

“The ice is thawing,” said Chua Hak Bin, an economist at Maybank Kim Eng Research Pte. in Singapore. “China’s reciprocity to Trump’s goodwill gesture will set the stage for more cooperative trade talks.”

Soybean futures were little changed in Chicago after the Xinhua announcement. Prices had jumped 3.3% on Thursday and hog futures rose the most allowed by the exchange amid optimism that China will boost imports of American farm products. The U.S. government also cut its outlook for soybean stockpiles more than expected in a monthly crop report.

The Shanghai Composite Index increased for a second consecutive week, and the S&P 500 Index was on course for its third straight week of advances.

The Chinese government is growing increasingly concerned about soaring prices and its potentially to mar celebrations for the 70th anniversary of the People’s Republic of China’s founding on Oct. 1. China is hoping to import 2 million tons for the year, some of which would be added to state reserves, according to people with knowledge of the plans.

China bought about a million tons of pork so far this year, of which about 87,771 tons were from the U.S., according to Chinese customs data. Even if purchases tripled, imports would only make up about 6.6% of domestic supply, Citigroup Inc. said in a report on Sept. 12. The world’s biggest consumer of pork accounted for about half of global demand last year, while it produced about 54 million tons, Citigroup said.

More imports are only going to go part of the way to addressing shortages. The country is likely to see a 10 million ton pork deficit this year, more than the roughly 8 million tons in annual global trade, according to Vice Premier Hu Chunhua. That means the country will need to fill the gap by itself, he said.

China’s Fight Against Pork Prices Could Include U.S. Imports

China had halted U.S. farm-product imports in August after trade-deal negotiations deteriorated. Before that, Beijing had given the go-ahead for five companies to buy up to 3 million tons of U.S. soybeans free of retaliatory import tariffs, people familiar with the situation had said.

The goods exempted from additional tariffs this week by China included pharmaceuticals, lubricant oil, alfalfa, fish meal and pesticides. The exemptions are effective from Sept. 17 to Sept. 16, 2020, and will cover 16 categories of products worth about $1.65 billion, according to Bloomberg calculations based on China’s 2018 trade data. Further rounds of Chinese exemptions will be announced in due course, the ministry said.

Wednesday’s exemptions apply to the round of tariffs Beijing imposed on U.S. goods starting last July in retaliation for higher U.S. levies. China began accepting applications for tariff exemptions in May, but it is the first time they have stated which products will be excluded. The U.S. Trade Representative’s Office has announced six rounds of exclusions for the punitive tariffs on $34 billion in Chinese goods since December.

“We can all see there is a likelihood of a mini-deal given China’s pork problems and to a lesser degree the 2020 election issue,” said Michael Every, head of Asia financial markets research at Rabobank in Hong Kong. “Does this mean we get a ‘real deal’? Let’s just say that this is still highly unlikely.”
Source: Bloomberg