Freight Market

Sea Chartering stays on top of what cargoes are moving, where, why and how. This is accomplished by relying on written sources, conversing with Owners and others in the market to create an understanding of where the market is, and where it is going. This allows us to help Charterers decide how to go about moving their cargo, whether that be in a long term contract, or by spot shipments.


 
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How to Carry Cargo?

Full or part cargoes depending on shipment size

Part cargoes usually 5-20,000 metric tons in one or three holds of a bulk carrier

Full cargoes can range from 7,000-199,000 metric tons

 

Bulk Cargo Moves In a Variety of Vessel Sizes 

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  • Mini Bulk Carrier 3,000-23,999 MT deadweight

  • Handysize Bulk Carriers of 24,000-35,000 MT deadweight

  • Handymax Bulk Carriers of 35,000-50,000 MT deadweight

  • Supramax Bulk Carriers of 50,000-61,000 MT deadweight

  • Panamax Bulk Carriers of 61,000-80,000 MT deadweight

  • Capesize Bulk Carriers of 80,000-199,000 MT deadweight


 

The Freight Market - (The Determining Factor of Freights)  

The freight market is underpinned by classic supply and demand

  • Demand is determined by Charterers needs to ship cargo and can fluctuate based on international economics and politics

  • Supply is determined by vessel availability and can be limited by port congestion, prolonged sea miles, delay in canal transits

  • Older vessels as they become less efficient are scrapped, which decreases supply

  • New vessels are delivered from shipyards, which increases supply

  • Today politics play a large role in the market, as tariffs or trade deals can impact where cargoes are shipped or if they are moved.

*The market is fluid and adjusts based on the above factors