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BIMCO has developed a generic Flighted Spongy Moth Complex Clause for Time Charter Parties that provides a commercial solution focussing on the basic obligations and responsibilities of the owners and the charterers. This clause was renamed from Asian Gypsy Moth Clause for Time Charter Parties in March 2023 Not all countries have introduced the new name yet, but BIMCO has decided to standardise on Flighted Spongy Moth Complex, abbreviated to FSMC.
SUPRAMAX: Whilst limited activity was reported in the Atlantic the Asian arena saw more interest brokers reported. BSI remained in positive mode. The Baltic Exchange daily fixture report features daily updates on the Baltic exc hange indexes, timecharters, periods, voyage fixtures and is listed by ship name, size, delivery place and freight rate. The weekly dry bulk market report by the Baltic Exchange contains news impacting the following segments; capesize, panamax, supramax and handysize.
Capesize: The Capesize market inched higher this week as increased activity continues to lift expectations with the 5TC closing at $19,874, up 3,660 over the week. The Atlantic remains the more optimistic region.
SUPRAMAX: A quiet end to the week for Supramax tonnage especially from the Asian market with the Chinese holidays The Baltic Exchange daily fixture report features daily updates on the Baltic exchange indexes, timecharters, periods, voyage fixtures and is listed by ship name, size, delivery place and freight rate. The weekly dry bulk market report by the Baltic Exchange contains news impacting the following segments; capesize, panamax, supramax and handysize.
As weak demand growth is forecasted for the coming quarters, the container shipping industry is set to return to negative margins.
Capesize The capesize market took a southerly direction this week to settle at $17,918, down -$1,998 week on week. Ultramax/Supramax A contrasting week for the BSI with routes from the Asian basin gaining ground whilst many routes from the Atlantic lost ground as the week progressed. The weekly dry bulk market report contains a summary of the recent movements in the market, alongside the latest figures for average dry bulk earnings and Baltic Dry indices.
For the new season beginning September 2020, New Zealand and Australia have introduced the measures to combat increasing spread of Brown Marmorated Stink Bug (BMST) coming from targeted "BMST" countries which have now risen to 37 countries with the inclusion of Kazakhstan, Moldova, Portugal and Ukraine.
SUPRAMAX: A mixed day with routes remaining in positive territory in the Asian basin whilst some routes in the Atlantic lost ground The Baltic Exchange daily fixture report features daily updates on the Baltic exchange indexes, timecharters, periods, voyage fixtures and is listed by ship name, size, delivery place and freight rate. The weekly dry bulk market report by the Baltic Exchange contains news impacting the following segments; capesize, panamax, supramax and handysize.