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HSBC Shipping Services weekly report published by the sea that the outlook for dry bulk shipping market is good, second hand Panamax bulk carriers a surge in demand, currently 10 years old Panamax vessels were lower than the same type of new vessels higher, or even 20 to buy home to wait for a second-hand Chuandi mainland dock, the competing "with ship" situation. The other, the Baltic dry bulk freight index Composite (BDI) yesterday to scale new high this year, the Pacific and Atlantic areas are now the shortage of Panamax vessels, mainly due to China, Japan and India coal demand in Australia, so that the rent of rent short about surge.
BDI reported 3914 points yesterday, rose 0.7% in a single day, moving up on the 7th, its highest level since early December last year. All three major indices rising ship. Capsize freight index (BCI) yesterday reported 4861 points, fell back 0.3%, spot on rent for the 50,317 U.S. dollars. Panamax freight index (BPI) report 4273 points, up another 1.8%, spot on rent for the 34,366 U.S. dollars. Ultra Handymax vessel freight index (BSI) also rose 0.9% to 3053 points on the rent for the 31,920 U.S. dollars cash.
Index moving up on the 7th Baltic Sea
Hong Kong ship broker said the coal demand in Australia, China, Japan and India are popular port of discharge, pushing up rents Pacific Panamax vessels. He expected the two Australian coal demand will continue, even now there is no sign a charter next week the market will cool. Singapore ship broker said that to increase coal imports in India are the main factors increase the rent, the rent Panamax vessels entered in the same period last year coal contracts have soared due to this year seems to have a similar situation.
He believes that demand for Pacific Ocean region have been able to digest Panamax ship, without having to rely on grain exports in South America, spot and forward freight agreements rally to promote the charter rental activity, Panamax ship 4 to 6 months Date of lease rental agreement between 31 thousand to 35 thousand U.S. dollars, has an advantage over spot charter, BDI so sharp.
Second-hand ship prices rose significantly for several weeks
In addition, the Nordic also see the shortage of cash Panamax vessels, have forced the family made a higher offer for rent, to rent a charter contract. London ship broker said that many of the major rental home over a charter flight immediately following the navigation, such as cargo heading for the Gulf of Mexico West Bank initially Mediterranean, then loading it reached Europe from the U.S. east coast, then go to Asia, Europe, discharge so that other European rental home can be very difficult to find ships in the spot market, the owner called the high price of natural courage. Dry bulk shipping market prospects
applauded, driving increased trading in second-hand ships, second-hand ship prices over the last few weeks has increased significantly. HSBC Shipping Services published by the weekly shipping point out that although the past few days to reduce second-hand vessels trading volume, but there are still many potential buyers frequently ask price, which is still the preferred Panamax vessels.
10 years Pakistan had your new ship type vessels
The bank pointed out that 10 years of age Panamax ships over the same type of ship, new ship prices, to sell the second-hand boat dock inspection of potential buyers are many, but buyers generally expect second-hand ship prices continue to rise . Reported earlier stop and put up for sale at lower prices is to reduce the number of ships, now there 20 buyers waiting for a boat 10 years of age Panamax ships arrived the situation in China, the bank still difficult to estimate at this stage ship, how long the rally will continue.
Last year built Panamax vessel "Gemini" number capacity is 7.55 million dwt, a few days ago to 43 million U.S. dollars sold to Greek owners, so the London Baltic Exchange's assessment of the same type of second-hand ship prices rose to 39 million U.S. dollars , has increased 6.6 million U.S. dollars beginning of the year. Ship at the age of 15 years increases significantly lower shipping prices.
Addition, the U.S. raw materials and trade consulting firm Commodore'sResearch analyst temperature McKenna said that despite the South American grain export season draws to a close, local demand for bulk carriers slow down in a few weeks, but the overall volume will not dropped to the low grain level, and Australia in the third quarter following the re-export of grain was significantly higher during the peak season, reflecting the prospect of decent bulk carriers.
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