Atlantic Panamax business slowed into the weekend, with rates trending
sideways on the lack of activity. Charterers continued to source cheaper tonnage from
the East, while owners in the Atlantic remained reluctant to fix trips out -
as a result, fronthaul business will pay a premium for cover, with rates now said
to be over $20,000 daily. Rates eased in the Pacific today. Some new
business was quoted for NoPac rounds, but rates as reported are likely unprepeatable.
There was talk of numbers now being under $8,000 daily. The Baltic Panamax
index added 16 to close the week at 1274.
Out of the Atlantic came word that the 2000-built 73,454 dwt Seajoy has
fixed on subjects with Golden Ocean for June 01-05 delivery in the U.S.
Gulf on a trip via the Cape of Good Hope to Iraq, with redelivery passing
Muscat outbound at $21,500 daily.
Sinorich has the 2010-built 79,454 dwt Golden Endeavour for May 27 delivery
passing the Cape of Good Hope on a trip via east coast South America and
redelivery Singapore/Japan at $16,750 daily plus a $650,000 ballast bonus.
Egyptian Bulk Carriers took the 2002-built 73,810 dwt Glory One for May 25-31
delivery Recalada on a trip with redelivery in the Eygptian Mediterranean at
$14,650 daily plus a ballast bonus of $475,000.
The 2010-built 83,000 dwt Fiskardo has gone to Azure for June 05-10 delivery
Recalada on a trip with redelivery Rotterdam at $14,500 daily plus a $475,000
From the Pacific, it emerged that the 2008-built 77,061 dwt G.B. Corrado was
fixed to A.C.Toepfer earlier this week for May 20-25 delivery Nantong on a
via Australia with redelivery Singapore-Japan at 9,750 daily. The business
originally been reported done at an incorrect $10,250 daily.
KCH was said to be the charterer of the 2012-built 75,565 dwt Yun Long Feng
May 21-24 delivery Hong Kong on a trip via Indonesia with redelivery Hong Kong
at $9,000 daily.
Pacific period business saw a Chinese charterer take the 2011-built
75,200 dwt Shandong Hai Chang for May 04 delivery retro-Jintang for 4-6
months trading with redelivery worldwide at $11,000 daily.
The 2011-built 82,087 dwt Rosco Palm will earn $10,250 daily from United for
spot delivery Rizhao for 3-6 months trading with redelivery worldwide.
Norden took the 2006-built 74,477 dwt Coral Seas for spot delivery Qingdao for
3-5 months trading with redelivery worldwide at $9,250 daily.
The charterer was also linked with the 2007-built 73,593 dwt Arethusa for
May 17-25 delivery Qingdao for 5-7 months trading and redelivery
worldwide at $9, 250 daily.
There was very little concluded business reported from the Capesize sector.
Rates trended sideways on the lack of activity and plentiful tonnage. In the
Atlantic, the key Tubarao/Qingdao run paid $20,40 for modern tonnage. The
Pacific basin saw west Australia/Qingdao business fix in the $7,80-$7,85
range. The Baltic Capesize index fell 5 to 1633 today.
For the Atlantic basin, the 2011-built Navios Koyo has gone to an unnamed
charterer for June 08-12 loading 160,000 tons 10% ore from Tubarao to
Qingdao at $20,40.
From the Pacific, Rio Tinto took the 1997-built Cape Mercury for June 02-05
loading 160,000 tons 10% ore from Dampier to Qingdao at $7,80.
Supramax tonnage in the Atlantic saw good rates going into the weekend, with
NCSA/Med run fixed at a firm $26,000 daily. Voyage business paid $29,75 for a
scrap cargo from USNH to Turkey. In the Pacific basin, rates were steady
the weekend. China/S.Korea business paid $9,250 for a spot handysize. A
newbuild supramax fixed period business of 1-years trading at $10,500 daily
prompt business. The Baltic Supramax index edged up 4 to 1108, while the
Handysize index was plus 3 at 639.
In the Atlantic, ADM was said to have fixed an Oldendorff TBN for June 01-05
delivery north coast South America for a trip with redelivery in the
Mediterranean at $26,000 daily.
The 2012-built 57,000 dwt Beks Cenk has reportedly fixed on subjects with an
undisclosed charterer for spot delivery Lome on a trip via Santana with
redelivery China at $19,500 daily.
The 2003-built 50,329 dwt Speedwell has fixed with Saif for May 29-30 delivery
New Orleans on a trip with 2-3 laden legs and redelivery in the Atlantic at
Sims took the 2010-built Beautiful Rena for prompt loading 45,500 tons
10% scrap from U.S.N.H. to Turkey at $29,75.
For the Pacific market, Kookyang has the 2010-built 35,256 dwt Stella
Jabbah for spot delivery Jinzhou on a trip via China with redelivery
South Korea at $9,250 daily.
The newbuilding 57,000 dwt Shandong Hai Tong was fixed to STX Pan Ocean for
prompt delivery CJK for 1-years trading with redelivery worldwide at $10,500
Chinese charterers have the 2009-built 55,486 dwt Bulk Chile for spot delivery
Tianjin for 4-6 months trading with redelivery worldwide at $11.100 daily.