Atlantic Panamax business trended sideways into the close of the week. May
business has largely been covered, and the full extent of June cargoes has yet
to emerge. Trips out from the Continent were few as owners continue to resist
offers to go East. In the Pacific, the rapidly expanding list of available
tonnage pressured rates. NoPac rounds have dropped into the $8,000 daily
Demand for period tonnage eased as did rates. Short period of 4-6 months
trading is seeing about $11,000 daily. The Baltic Panamax index was off 28 to
From the Atlantic the 2000-built 74,005 dwt Inter Pride has gone to an
undisclosed charterer for June 01-10 delivery Puerto Madrin on a trip via east
coast South America with redelivery Singapore-Japan at $17,000 daily plus a
ballast bonus of $700,000.
The 2002-built 75,214 dwt GH Fortune for May 26 delivery in the U.S. Gulf on a
trip with redelivery Italy at $14,500 daily plus a $500,000 ballast bonus.
United has the 2010-built 93,038 dwt Scandinavian Express for May 21-22
delivery aps Ponta Da Madeira on a trip with redelivery on the U.S. east coast at
Cargill agreed $12,500 daily plus a $450,000 ballast bonus for the 1996-built
71,393 dwt C Iris for May 27-Jun 03 delivery passing the Cape of Good Hope for
a trip via east coast South America with redelivery Singapore-Japan.
Transchart has a TBN for May 25-June 03 loading 60,000 tons 10% coal from the
U.S. east coast to Paradip at $46,50.
Out of the Pacific, the 1996-built 70,296 dwt Gerasimos will earn $12,750
daily from Oldendorff for May 08 delivery retro-Hong Kong on a trip via north
Australia with redelivery Japan.
Sinochart was linked with the 1997-built 73,307 dwt Barbara for May 05
delivery retro-Fangcheng on a trip via Geraldton with redelivery China at $10,000
An unnamed charterer took the 2010-built 74,900 dwt GH Glory for May 12-14
delivery Lianyungang on a trip via NoPac with redelivery Singapore-Japan at
The 2007-built 75,527 dwt Imperial has fixed to A.C. Toepfer for May 16-17
delivery Zhoushan on a trip via NoPac with redelivery China at $8,000 daily.
Orient Bulk Shipping has the 1996-built 71,319 dwt Endeavour for May 14-19
delivery Xinsha on a trip via Indonesia with redelivery South China at $8,250
Atlantic Capesize business heard very little in the way of concluded business
today. There was some talk of Atlantic rounds and trips out being done, but
details failed to emerge. A trip out from Tubarao to Qingdao is being talked
around $20.70, but again confirmation was lacking. In the Pacific, the key
west Australia/Qingdao run remained under pressure, with rates still fixing at
$7,50. A backhaul round, Port Kelang/Spore-Japan, was done at $12,500 daily for
modern tonnage.The Baltic Capesize index edged down 4 to 1614.
Pacific Capesize business saw the 2005-built 180,201 dwt Ocean Shine fix to
Cargill for spot delivery Port Kelang on a trip via the Atlantic with
redelivery Singapore-Japan at $12,500 daily.
BHP Billiton fixed the 2011-built K. Happiness for May 26-30 loading 170,000
tons 10% ore from Port Hedland to Qingdao at $7,50.
FMG took the 2011-built Heng Long for May 24-30 loading 160,000 tons 10% ore
from Port Hedland to Qingdao at $7,50.
The 2009-built STX Pan Ocean HK-relet Mineral Ningbo has also gone to FMG for
May 28-31 loading 160,000 tons 10% ore from Port Hedland to Qingdao at $7,50.
There was a bit of a slowdown noted for the Atlantic Handy market into the
close. Rates remained positive, but have possibly peaked. From the
Mediterranean to the Persian Gulf, a supramax will earn $20,000 daily for
about 40-50 days trading. The Pacific basin closed the week very quietly, with
rates trending sideways on the lack of activity. A trip out for east coast South
America reportedly fixed a supramax at $19,000 daily. In the East, a NoPac
round, Kashima/Spore-Japan, will pay $9,250 daily. An Indonesia/India round
paid $11,000 daily plus a $175,000 ballast bonus for a supramax. The Baltic
Supramax index was off 4 at 1112, while the Handysize index moved up 6 to 616.
The Atlantic basin saw the 2011-built 57,700 dwt Blue Ocean fix on subjects
with Marimed for May 20-25 delivery passing Canakkale for a trip with redelivery in
the Persian Gulf at $20,000 daily.
Aquavita took the 1997-built 46,000 dwt Sam Dragon for May 10-12 delivery Tema
on a trip with 2 laden legs and redelivery worldwide at $15,500 daily.
Out of the Pacific, the 2011-built 57,000 dwt Conti Pyrit has gone to
Oldendorff for spot delivery aps Indonesia on a trip with redelivery India at $11,000
daily plus a $175,000 ballast bonus.
IVS Shipping has the 2011-built 57,000 dwt STX Pride for May 14-16 delivery
Kashima on a trip via NoPac with redelivery Singapore-Japan at $9,250 daily.