VFB #251 - 货箱业联盟重组 2017.07.15

货箱业联盟重组   

2017.07.15

全球第6大海运商的诞生与无奈

外媒：中国投资马六甲填补美国真空当地人自豪

2017-7-11

ChinaVLCC再接收一艘VLCC“凯名”轮

2017-7-12

CHARTERING- Tanker (2017-07-12)

CRUDE

The VLCC market saw more activity and increasing rates ex MEG during end last week, which to owners’ disappointment dwindled last few days due to less demand in the spot market. The market needs to see more action to avoid rate levels to start easing off again. Owners are hoping the BOT stem nominations, which are to be released soon, will support their cause, but on the other side the supply situation looks pretty amble. It was a game of patience for the charterers in the Suezmax market, throughout last week there was sustained pressure from key owners driving a bullish sentiment sitting back and showing high numbers against cargoes due to tightening lists reflecting some pressure on fundamentals especially in West Africa with increased volumes of cargo steadily poaching tonnage. Finally one by one owners succumbed realising that there was very little to support any upward movement in the rates and by the end of last week stability had returned with last done levels being achieved at ws65 for TD 20 as the market found its balance. The Med and Black Sea have seen limited enquiry and stability has prevailed there too with TD6 going sideways at ws75. This week has started on a quieter note with first decade of August dates in Waf being lighter than last month, stable is the trend going forward and time will tell if charterers can find a way to squeeze owners further. North Sea and Baltic keeps moving sideways at bottom levels as charterers are fixing further forward than what we have seen recently. The tonnage list is thinning out, but nevertheless we expect the rates to stay unchanged and the week to end on a quiet note. In the Med and Bsea, owners can finally see some positive signs in the market. High cargo activity last week have thinned out what seemed to be an endless tonnage list, and as a consequence the owners are now pushing for higher numbers. At the time of writing ws80 is the going rate, but as we have fixed far forward, and there still are some prompt ships left on the list, we do not expect rates to go much further for the time being.

CHARTERING- Dry bulk (2017-07-12)

SUPRAMAX

Activity in the Supramax market has been more active this week and the rates has increased slightly all over, especially the rates from US Gulf were more cargoes has pushed the market. Within the Atlantic, we have seen more interest for period tonnage, but little has been done so far. In the Pacific, the coal trading has been reported as more active, but little has been reported as clean fixed. USG to China is atm paying around 20k’s, while the same trip to Skaw/Passero is around 15k’s. A transpacific RV is now priced around 8k’s, while a nickel ore trip to China via Philippines is priced at around 9k’s.

PANAMAX

Activity in the Panamax market has increased gradually in both hemispheres this week. Grain out of ECSA has again been the driver, but general activity in the Pacific and the Atlantic has been stronger. More cargoes in the north Atlantic has changed the sentiment somewhat to a slightly more positive trend. TA and FH rates are respectively at levels around high 8k’s and high 14k’s. The activity out of South America has again picked up, and is a key feature to keep the momentum up in the coming weeks. More activity in the Pacific has pushed the rates for a transpacific RV to mid 8k’s. There is a lot of expectations in the FFA market, Aug is priced at high 9k’s, while Sep/Oct is priced around 10k’s on the P4TC index.

CAPE

Signs of recovery, but still dark days for owners of the big ships. High iron ore inventories, modest coal flows and general/seasonal volumes dip in commodities trade, coinciding with moderate congestion and a continued tonnage surplus, resulting in challenging times and consequent earnings at or even below OPEX. Spot levels on average unchanged at a miserable USD 7200/day w-o-w, with notably transatlantic trades now suffering the most. For obvious timing-wise reasons, period activity at fixed levels is insignificant - with the exception of 180k dwt/built 2007 delivering Zhoushan mid July done for 4-7 months at USD 11k and 177k dwt/built 2010 at Yantai mid July done for similar duration at USD 11,750.

CHARTERING (2017-07-12)

GAS

The VLGC freight market remains under pressure and there are still few signs of improvement in the short term. East of Suez activity levels have been low this week and with the amount of ships prompt open, most Charterers are of the view that freight has to come down even further. However, with earnings to owners hovering around OPEX costs, there might not be very much more to give. In the West, we have seen the premiums diminish and Houston-Flushing equivalent freight has been concluded at sub USD 20 PMT this week. There has been several enquiries in the West for Eastern destinations, but little has been concluded as there is still a gap to be filled between bids and ask between owners and charterers. Currently the Houston-Chiba via Panama freight rate is assessed around mid-high USD 40’s PMT, while some trader relets are reportedly willing to consider Houston-Chiba via Cape of Good Hope at below mid USD 40’s PMT, a freight rate that would yield well below current Baltic earnings of some USD 9000 per day at today’s bunker prices.

二：2017/07/14船用燃油价格(每吨/usd)

来源: Bunkerworld

                                IFO 380           __IFO 180            MDO           MGO    

新加坡                       300                     339                   439              449

鹿特丹                       282                     300                   -----              428

休士顿                       280                     380                   -----              452

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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