There was no improvement in rates for the Panamax sector, with the best that
could be said was that numbers trended sideways in some areas. Most of the
activity heard done today was in the Atlantic. Ballasters continued to weigh
the market and there have been insufficient cargoes to absorb the ships and
bring rates back. An LME fixed San Ciprian/EC India via the USEC at $18,000
daily. Pacific Panamax business was very limited as many traders in the East
are still celebrating the Chinese New Year. Period business saw an LME fix at
$10,750 daily for retro-January 21 delivery. The Baltic Panamax index lost 37
today to 909.
>From the Atlantic came word that the 2007-bult 82,050 dwt Pedhoulas Leader
fixed with an unnamed charterer for end-January delivery San Ciprian on a trip
via the U.S. east coast to India at $18,000 daily.
The 1997-built 73,740 dwt Carola having fixed on subjects to an unnamed
charterer for spot delivery Stade on a trip via Murmansk with redelivery China
at $17,250 daily.
United reportedly took the 1997-built 71,694 dwt Happy Day for January
28-February 05 delivery Brazil on a trip with redelivery on the U.S. east
at $15,000 daily. The business included an option of 2 laden legs at $11,000
daily plus a ballast bonus of $275,000.
Windrose has the 1995-built 72,610 dwt Glencore-relet Theofylaktos for
06-10 delivery the Mississippi River on a trip with redelivery Israel at $10,
500 daily plus a ballast bonus of $175,000.
The 2010-built 92,500 dwt Proteas went to Bunge for January 31-February 05
delivery Gdansk on a trip with 2 laden legs, first leg to Brazil with
fertilizer, and redelivery Skaw-Cape Passero at $9,000 daily plus a ballast
bonus of $50,000.
PCL was linked with the 1994-built 69,149 dwt Okialos for January 26-28
Cape Passero on a trip via the Black Sea with redelivery in the Egyptian
Mediterranean at $8,850 daily.
It emerged that Oldendorff recently fixed the 2012-built 61,000 dwt Pronoi R
spot delivery ex-yard Imabari on a trip via NoPac with redelivery
Singapore-Japan at $4,000 daily.
Voyage business saw Noble take the 1997-built Riruccia for February 15-22
loading 70,000 tons 10% coal from the Mississippi River to Rotterdam at
The 2006-built Red Lotus went to Cargill for February 05-19 loading 75,000
10% coal from Richards Bay to west coast India at $15,50.
Transbulk agreed $11,95 for the 2009-built Tiare to load 75,000 tons 10% coal
from Hampton Roads to ARA-Hamburg range.
Tata was the charterer of the 2008-built Medi Sentosa for February 02-06
loading 70,000 tons 10% ore from Kirkenes to Ijmuiden at $10,10.
The Pacific basin included word of the 2009-built 82,191 dwt F.D. Isabella for
January 24-25 delivery Singapore on a trip via east coast South America with
redelivery Singapore-Japan at $10,250 daily.
The 2001-built 74,133 dwt Gallia Graeca will earn $10,000 daily from
for spot delivery passing Singapore on a trip with 2 laden legs, first leg via
Richards Bay/ECSA, and redelivery Singapore-Japan.
Period business in the East saw an undisclosed charterer take the 2006-built
75,331 dwt Anastasia for January 21 delivery retro-Yantai for 4-6 months
trading with redelivery worldwide at $10,750 daily.
For Pacific period business, the 2006-built 75,331 dwt Anastasia was reported
fixed to an unnamed charterer for January 21 delivery retro-Yantai for 4-6
months trading with redelivery worldwide at $10,750 daily.
Rates in the Capesize sector trended sideways on a lack of activity today. In
the Atlantic, a coal cargo from Bolivar to the Continent paid $9,50 for modern
tonnage. Out of the Pacific basin, modern tonnage paid $7,75 for an ore cargo
on the key Dampier to Qingdao. There was talk of period business of about
1-years trading having been done in the East, but details have yet to emerge.
IThe Baltic Capesize index fell 15 to 1497.
In the Atlantic, the 2009-built 180,727 dwt Navios Pollux has fixed to Cargill
for February 15-28 loading 170,000 tons 10% coal from Bolivar to the Continent
>From the Pacific, the 2001-built SA Altius 2001 went to Cargill for February
08-17 loading 160,000 tons 10% ore from Dampier to Qingdao at $7,75.
SVS agreed $13,50 for a Cargill TBN with January 25-February 05 loading
tons 10% coal from Hay Point to Redcar at $13,50.
In the East, supramax tonnage was talking $18,000 daily for US Gulf/Far East
business, but confirmation was lacking. For trip business within the Atlantic
modern tonnage earned $6,100 daily for early-February dates from Canakkale to
Port Harcourt. The Pacific basin included reports of 26-year old tonnage
Singapore/ECIndia-Bangladesh at $6,000 daily. Short period business of 4-6
months trading was done at $10,750 with a supramax vessel. The Baltic
index dropped 19 to 756, while the Handysize index was off 10 to 444.
Atlantic Handy business saw an unnamed charterer take the 1993-built 43,354
Pacific Vigorous for February 01-05 delivery South Africa on a trip with
redelivery on the Continent at $6,500 daily.
Nom UK was said to be the charterer of the 2011-built 57,000 dwt Common
for February 01-05 delivery Canakkale on a trip with redelivery Port Harcourt
at $6,100 daily.
The Pacific market heard that PWS took the 1985-built 41,526 dwt Slovenija for
spot delivery dlosp Singapore on a trip via Thailand with redelivery dlosp EC
India-Bangladesh at $6,000 daily.
Marimpex was linked with the 2011-built 58,500 dwt Bulk Peru for end-January
delivery Hachinhoe for 5-7 months trading with redelivery worldwide at $7,500
Voyage business in the East saw Torm take a Daiichi TBN for February 03-09
loading 49,000 tons 10% bauxite from Kamsar to Aughinish at $11,25.