VFB #248 - 中缅原油管道投运 2017.04.15

2017.04.15

中缅原油管道工程正式投运

2017-4-12

印度将于4月19日开始无限期罢工，出口集装箱或将大面积滞留港口

450座冰山打乱大西洋海运

2017-4-9

中国巨额投资复活瓜达尔港，还需面对挑战

2017-4-10

CHARTERING- Tanker (2017-04-13)

CRUDE

The VLCC market saw an upswing in activity both ex Meg and Atlantic which again resulted 1st in a halt to the recent declining market and then during the last few days a firmer trend in owners favour. Presently abt 100 VLCCs are recorded fixed ex MEG, but with a fair selection of about 60 available units within the month depending on ballast speed, there should be sufficient tonnage available. In the Atlantic tonnage coming open in Nsea and USG has being fixed by natural positions leaving Wafr cargoes to ballasters from the east taking away some of the MEG surplus. All things considered the last week for the Suezmaxes could be described as lacklustre. The only area with fairly consistent activity was the Bsea with the 2nd decade stems picking off candidates at last done levels. Meanwhile Wafr had a smattering of cargoes in the mid-month window, really sparse volume for the owners to grasp onto. This week commenced with a hollow tone charterers sat back on the 3rd decade stems in Wafr taking the wind out of the owners sails and it is only today we have really started to see some action, as we write ws80 has been fixed for Ukcm jolting the market downwards. The short-term outlook is fairly bleak for owners with a light third decade courtesy of the VLCCs the question is where will it bottom? Could we see S.maxes adopting the slow steaming tactic to conserve bunkers adopted by their larger cousins, that remains to be seen. Nsea and Baltic Aframaxes softened further this week, as the X-Nsea and Baltic FO market activity has been close to non-existent these last 7 days. At the time of writing charterers are meeting some resistance trying to repeat last done levels, and rates should strengthen marginally going forward. This week in the Med and Bsea the rates have softened to ws115. After last week’s mini-rush we are now facing a market with approximately 25 prompt ships. Even fog in the Bosphorus, and maintenance in Trieste combined with heavy delays in Fos, will not be enough to help the owners at the moment. As such, the rates will continue to be under pressure.

CHARTERING- Dry bulk (2017-04-13)

CAPE

With China, Taiwan and HK off for the first two days of this week for Tomb sweeping, it was always going to be a slow start, leading to the market, especially on C3 to take a downturn. Talk of low 14’s now concluded for 1-10 May dates for that does not instill many with confidence, however there is the hope that this is just a temporary blip down to the quietness in the market. W.Aussie/China understandably is also being concluded at reduced levels, with mid april dates being fixed in the low 6’s pmt. FFA has been drifting off all week leading to diminished appetite from operators for period, or at least reduced bids being shown for short period upto 1 year.

PANAMAX

Market has continued the firm sentiment from last week in both hemispheres. Nevertheless, the market seems to have taken a breather with a softer tone last couple of days as China been away. Grains out of ECSA still active and providing support to market fundamentals both in the Pac and Atl. TA increased to ard USD 12k and Fhaul concluded at ard USD 17k. Baltic/FEast done at mid 19k early week. Pac have decreased to high 10k’s for rounds with ECSA cgos still paying ard USD 12k. Force majeure in major Aussie ports creating negative sentiment in the Pac. FFA's decreased slightly w-o-w. Is it an underlying trend that grain houses are short on paper in order to cover their physical biz which contributes to pull it down?

SUPRAMAX

With holidays in Asia, the week has started very slow in Pacific. Some fixtures has still been done and levels have remained quite stable. Ultras are fixing ca USD 10k for Indo/China coal trips with delivery S.China, while Nopac rounds are being talked around high USD 9k/10k. Supras open WCI achieving around 11k for trips to China and arnd USD 11k-12k dop WCI via MEG to India. Holidays seemed to also affect Atl market, where few new orders surfaced, but rates remained stable. Good activity from Cont to USG, where Supras fixed to USG at high 12k. Same from Bl.Sea around 7-8k/day. Some fertz cargoes from Baltic to Brazil where done around 9-10k.Usual grain cargoes from USG to Far East where fixed around 16-17k.

CHARTERING (2017-04-13)

GAS

The good steam in the VLGC market has disappeared this week, and the freight market has gone very quiet indeed. This is probably caused by both Asian holidays this week, but also by a well attended LPG seminar taking place in Houston most of this week. We can also assume that the freight market is influenced by changes in pricing where both posted and more so delivered prices have taken a rather big drop recently. Therefore market players seems to sit back and wait for some sort of stabilization as well as suppliers’ acceptances of nominations before they make their moves. The Baltic VLGC index halted its 3 weeks’ positive development a couple of days ago and started coming off on assumed weakness as the market went quiet. We do not believe that the market is going much down now as we see independent owners in control of practically all vessels showing open over the next few weeks. Two VLGC newbuildings, no 4 and 5 so far in 2017 were delivered from their respective builders a few days ago which means 23 are left to be delivered this year. It has been very quiet around new orders of VLGCs lately, however, it will not be surprising to see some orders placed some time this summer (for delivery late 2019/2020) when the yard quotations should be at the lowest for a while.

二：2017/04/15船用燃油价格(每吨/usd)

来源: Bunkerworld

                                IFO 380           __IFO 180            MDO           MGO    

新加坡                       326                     353                   495              503

鹿特丹                       304                     331                   -----              473

休士顿                       293                     393                   -----              495

*****************************************************************************************************          

备注:     tbn         = to be named                       ldt          = light d/weight ton

usd        = u.s.dollar                           mtpa        = million ton per annum               

cbm       =cubic meter                           tpa        =million metric ton per annu