Capesize FFA Commentary:

With continued weakness on both basis FFA remained under pressure on the front months yesterday with June and July seeing most selling interest. July had decent support at $10k though.August forwards remained steady to firm but traded in thin volume cal 18 traded at $12700 and the cal 18 v 19 roll value remined at par. Some said it was so bearish it must be bullish.

Panamax FFA Commentary:

The early exchanges saw us quickly trading back up to yesterdays highs on Panamax paper, with Q3 and Q4 trading up to $9200 and $9900 respectively. Post index we softened a touch but were still left up on the day. The overall tone remains upbeat with the main focus still on the prompt contracts with July and Q3 seeing good support inside $9000-9100.

Supramax FFA Commentary:

Supramax paper saw a pretty flat day with regards to rates as we continued to trade in the recently seen ranges. Q3 was trading $9000-$9050 and Q4 $9400-$9450. After a pretty much expected index we mirrored yesterday as the afternoon was quiet and very uninspiring. Have a good evening.

Handysize FFA Commentary:

Another quiet start to the handysize paper week with very little interest down the curve and minimal activity. No reported trades. Have a good evening.

Source: Freight Investor Services (FIS)