There was not much improvement noted for the Atlantic Panamax sector today, as
holidays in the U.S. and Europe left few traders at their desks. Rates
trended sideways on the lack of activity. For the Pacific, there was very little new
business on offer, with rates still easing. More owners decided to ballast
towards the Atlantic, which will hardly improve things there. Some interest
remained for period fixtures, with 4-6 months trading said done at $10,000
daily - but this was late last week. The Baltic Panamax index fell 34 to 1049.
For Atlantic Panamax business, it emerged that Pacific Bulk took the
75,746 dwt Rosco Lemon last week for June 15-20 delivery aps east coast South
America for a trip with redelivery Singapore-Japan at $16,350 daily plus a
$625,000 ballast bonus.
The 1995-built Powhatan went to Bulk Trading for May 25 -June 07 loading
tons 10% coal from UBT, Davant to Karaikal at $37,85.
Augustea agreed $18,00 for the 2011-built Nord Aquarius with June 10-20
70,000 tons 10% coal from the Mississippi River to ARA at $18,00.
The Pacific market saw Oldendorff take the 1997-built 70,281 dwt Annoula for
end-May delivery Inchon on a trip via Australia with redelivery
at $6,000 daily.
The 2011-built Welfine was reported fixed to Vale for June 06-16 loading
tons 10% ore from Sohar to Qingdao at $14,95.
Capesize activity was at a virtual standstill today, with holidays in Europe,
the U.S. and the Pacific all limiting activity. For Atlantic business, a trip
out Tubarao/Qingdao with ore was done at $19,00, and from west Africa to China
at $13,80 - both with June loading. In the East, west coast Australia/China
business held in the $7,60 range. The Baltic Capesize index dropped 20 to
>From the Atlantic, a TBN was fixed to Noble for June 10-20 loading 160,000
tons 10% ore from Tubarao to Qingdao at $19,00.
It emerged that the 2011-built 176,000 dwt Edward N went to Kumba late last
for June 05-15 loading 160,000 tons 10% ore from Saldanha to China at $13,80.
In the Pacific, the 2009-built Ocean Lady has gone to BHP Billiton for June
13-15 loading 170,000 tons 10% ore from Port Hedland to Qingdao at $7,60.
Handy business in the Atlantic held at last dones today, largely on the
of activity. Supramax tonnage earned $24,000 daily for a quick spot trip
USG/Spain. Spot business in the Pacific paid $8,000 daily for a supramax from
Hong Kong to China via the Philippines. The Baltic Supramax fell 10 to 1108,
while the Handysize index was down 5 to 646.
Atlantic Handy business included reports of the 2009-built 56,578 dwt Tatjana
fixing to D'Amico for spot delivery in the U.S. Gulf on a trip with redelivery
Spain at $24,000 daily.
Island View Shipping has the 1998-built 46,194 dwt Great Eternity for mid-June
delivery aps Richards Bay on a trip with redelivery China at $8,750 daily plus
a $240,000 ballast bonus.
Out of the Pacific came word of the 2010-built 53,171 dwt Qi Xiang 12 for spot
delivery dop Hong Kong on a trip via the Philippines with redelivery China at