Capesize FFA Commentary:

Activity was muted today as the first half of the year came to a close. The physical market was quiet which led to some further selling pressure for the front end of the curve while the rest remained unchanged. July and Q3 are still trading at a decent premium over the spot index so the opening sentiment from the Pacific will be key for the paper market early next week. All in all a disappointing end to the 6 months although most owners would have bitten your hands off if a tc return of the YTD of 11,596 for the 5tc was offered to them on Jan 2nd. Onwards and hopefully upwards for the 2nd half of the year.

Panamax FFA Commentary:

Despite initially opening softer on Panamax paper, in which we saw Q3 trading several times at $8300 low, we were gradually bid up through most of the day pulling back ave $500 on prompt contracts with July trading back up to $8700 and Q3 trading $8800. With improved activity out of both basins the closing tone was cautiously optimistic. Good weekend to all.

Supramax FFA Commentary:

A very quiet day opened up the Supramax week as we really lacked interest down the curve from start to finish. From the small activity we did see Q3 was trading $8450-$8500 range and Q4 reaching $9050. Hopefully we can see some more interest tomorrow to kick start the week. Have a good evening.

Handysize FFA Commentary:

Very quiet and unchanged day to the handysize paper. No reported trades. Have a good evening.

Source: Freight Investor Services (FIS)