There was not much change noted for the Atlantic Panamax sector today. Rates
continued to weaken under the pressure of available tonnage and ballasters.
Charterers are drawing tonnage from the Indian Ocean and East for business
from east coast South America at low numbers. Owners remain very reluctant to go
east, and charterers requiring tonnage must pay a premium. USEC/Spore-Japan
said to have seen $21,500 daily for such a cargo. In the Pacific, rates for
NoPac rounds are said to be firm, with talk of $9,000 daily having been paid
for spot business. The Baltic Panamax index fell 5 to 1269.
The Atlantic basin heard that ADM fixed on subjects the 2006-built 82,220 dwt
Iron Anne for May 16 delivery retro-Brest on a trip via the U.S. Gulf and
with redelivery passing Muscat outbound at $22,500 daily.
It emerged that Medmar fixed the 2007-built 76,500 dwt Lady Maria Luisa on
Friday for May 22-25 delivery Amsterdam on a trip via the U.S. east coast with
redelivery China via the Cape of Good Hope at $21,500 daily.
Cargill was linked with the 2004-built 76,300 dwt Mulberry Wilton for June
delivery east coast South America on a trip with redelivery Singapore-Japan at
$17,050 daily plus a ballast bonus of $700,000.
The 2011-built 81,146 dwt CK Bluebell will earn $17,000 daily plus a ballast
bonus of $700,000 from Bunge for June 10-20 delivery aps Recalada on a trip
with redelivery Singapore-Japan at $17,000 daily plus a $700,000 ballast
The 1999-built 74,356 dwt Klaveness-relet Medi Tokyo went on subjects to
for May 21-24 delivery Ghent on a trip via Kokkola to Piombino at $13,000
Out of the Pacific, an unnamed charterer took the 2002-built 76,623 dwt
Mendocino for prompt delivery Beilun on a trip via east coast Australia with
redelivery China at $7,500 daily.
An undisclosed charterer reportedly fixed the 2000-built 74,823 dwt Yong Huan
for end-May delivery Xiamen on a trip via east coast Australia with redelivery
South China at $7,500 daily.
It emerged that Cargill was the charterer of the 2004-built 75,707 dwt
taking the vessel last Thursday for spot delivery Inchon on a trip via NoPac
with redelivery South China at $7,000 daily.
A typically quiet day for the Capesize sector today, with rates easing on the
lack of activity. From the Atlantic, a trip out paid $26.72 for a USEC/East
with coal. In the Pacific, several vessels were said to have fixed, but
were not forthcoming. As reported, the key Dampier/Qingdao route is holding
around $7,85. The Baltic Capesize index dropped 7 to 1626.
>From the Atlantic, POSCO has a Polaris TBN for June 11-20 loading 175,000
10% coal from Hampton Roads and Canso to Kwangyang and/or Pohang at $26,72.
Ore & Metal have a TBN for June 08-18 loading 200,000 tons 10% ore from
Saldanha Bay to Qingdao at $13,75 basis 1.25% total commission.
In the Pacific, Rio Tinto fixed a TBN for June 01-03 loading 160,000 tons 10%
ore from Dampier to Qingdao at $7,85.
The market was said to have strengthened for Handysizes in the Atlantic today
with reports circulating of ECSA/NCSA business done at over $20,000 daily.
improvement was also noted in the East, with a modern handysize fixed at $11,
000 daily for Cebur/EC India via the Philippines.The Baltic Supramax index
gained 5 to 1113, as did the Handysize index to 644.
For Atlantic Handy business, Western Bulk Carriers has the 2009-built 55,804
Angele N. for May 25-30 delivery Lisbon on a trip with redelivery West Africa
at $15,900 daily.
For Pacific Handy business, the 2010-built 32,912 dwt New Sailing Star has
to Bulk Marine for May 24 delivery Cebu on a trip via the Philippines with
redelivery east coast India at $11,000 daily.
Isaphia was linked with the 2010-built 57,015 dwt Felicia for end-May delivery
aps Indonesia on a trip with redelivery India at $8,000 daily plus a ballast
bonus of $100,000.
The 2001-built 48,911 dwt Globetrotter went to Noor Shipping for end-May
delivery Mina Saqr on a trip with 4-6 laden legs within the Persian Gulf and
redelivery Mina Saqr at $12,000 daily.