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.
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
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