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The bittersweet 2016: What to expect in the dry bulk Supramax market?

February 12, 2016 (16:53)

The Atlantic dry bulk Supramax market is in big trouble. The freight rates are bottoming, demand on conventional trade routes is failing and the oversupply of tonnage remains a challenge. What is the outlook for the market in 2016?

News Headlines

London (Platts)--12 Feb 2016 907 am EST/1407 GMT
A tax on marine gasoil, which includes MGO used for blending bunkers, has seen the premium on low-viscosity bunker fuel in St Petersburg shrink over the main 380 CST fuel grade since the start of the year.
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The Barrel Blog

January 28, 2016
From her office window, Sui Ling Phang sees dry bulk vessels sitting pretty in the Singapore strait. All have one common enemy -- unemployment.
January 19, 2016
Iran the heart of the world? That may be stretching the point a little but there’s no doubt something significant has happened here over the last couple of days.
December 17, 2015
Congress is scheduled to vote Friday on a massive government spending package with a provision to lift all limits on crude oil exports. Here's what's playing into the Capitol Hill decision.
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Analysis & Data Features

February 12, 2015
New forecasts from OPEC and the IEA suggest that lower oil prices will have a significant impact on non-OPEC oil supply later this year.
Also in this feature
Oil prices dive as OPEC rolls over
Despite the push by some OPEC members for a crude output cut, it became clear that Saudi Arabia had no appetite for cutting production.The market would stabilize itself eventually, oil minister Ali Naimi said. Prices resumed their downward helter skelter as the meeting broke up.


Black Sea Grains: Physical grains market shaken by plunge in crude oil prices
January 25, 2016
- Platts editors assess the knock on effect of the crude price drop on several factors within the Black Sea grains market and the subsequent impact on global grains prices.
North Sea-Korean Forties arb volumes to hold up despite new freight rebate rules
November 12, 2015
- Traders expect the winding down of freight rebates offered by S Korea to domestic refiners that import non-Middle Eastern crude to have minimal impact on North Sea oil exports to Asia next year.
Barge transit hampered by critically low Rhine water levels
September 22, 2015
- Platts editors discuss falling water levels on the Rhine River since mid-July, addressing rising NWE barge freight rates and the overall pricing impact of the situation.
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Freight methodology

Published November 2014

Platts assesses open market rates for the chartering of dirty tankers, clean tankers and barges.

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