DRY BULK: WEAK • TANKERS: WEAK • SHIP VALUES: TANKER: MIXED DRY: SOFTER

摘要

1. Cyclical, structural and cargo supply issues had already pushed the Baltic Exchange Dry Index towards its lowest point since 2016 before coronavirus containment measures were imposed. Mining, heavy industry (including shipyard) and inland supply chain operations in China have faced disruption. 2. Low freight and Atlantic coal fob prices have prompted Capesize trades from Colombia to China and India. 3. The Panamax 5 TCs remain below year-ago levels, though some routes have recorded modest increases during the past week. 4. The Handysize 7 TC average has slumped to an index low since inception in July 2017, with Supramax 10 TCs at a 12-month low.