Traders have returned to their desks today after holidays in many parts of the
world, however activity levels were still very low. Rates showed no
on the lack of activity and fresh inquiry was still very limited. In the
Atlantic, fresh inquiry from east coast South America was lacking, with rates
said to be in the $12,000 daily range to the East. The Pacific basin included
word of an LME fixing a NoPac/Spore-Japan run at $5,750 daily plus a $375,000
bb. An east coast Australia round has reportedly been done at $5,000 daily.
Period business in the Pacific saw spot business rates weaken on a lack of
interest, with very little new business on offer. Several vessels were said
have fixed on subjects for business, but details were lacking. The Baltic
Panamax index fell 41 today to 1008.
For Atlantic Panamax business, Copa Shipping was linked with the 1995-built
73,095 dwt C.Journey for prompt delivery passing the Cape of Good Hope on a
via east coast South America with redelivery passing Muscat outbound at
daily plus a ballast bonus of $600,000.
The 1995-built 73,095 dwt C. Journey has fixed with an undisclosed charterer
prompt delivery passing the Cape of Good Hope on a trip via east coast South
America and the Persian Gulf, with redelivery passing Muscat outbound at $13,
500 daily plus a $600,000 ballast bonus.
An unnamed charterer has reportedly taken the 2002-built 74,000 dwt Nikos L
prompt delivery east coast South America on a trip with redelivery
Singapore/Japan at $12,000 daily.
Taipower took a Transbest TBN for July 01-14 loading 80,000 tons 10% coal from
Newcastle to Taiwan at $12,34.
Out of the Pacific, the 2004-built 76,492 dwt Mulberry Paris has gone to
for June 12-17 delivery NoPac on a trip with redelivery Singapore-Japan at
$5,750 daily plus a ballast bonus of $375,000.
Yangtze Navigation has taken a TBN for spot delivery CJK on a trip via east
coast Australia with redelivery Malaysia at $5,000 daily.
Rates for capesize ships lost ground again today. In the Atlantic, voyage
business saw $24,50 paid for an ore cargo from the St Lawrence River to Korea
and $22,80 for an ore cargo to Qingdao. The Pacific basin saw little change
today, with a west Australia/China cargo fixed at $7,40 for mid-June dates.
The Baltic Capesize index was off 27 to 1377 today.
In the Atlantic, POSCO was said to have taken a Hanjin TBN for June 07-17
loading 170,000 tons 10% ore from Pointe Noire to Pohang at $24,50.
Rio Tinto reportedly took a TBN for June 06-15 loading 160,000 tons 10% ore
from Seven Islands to Qingdao at $22,80.
STX Pan Ocean has fixed a Cosbulk TBN for June 01-15 loading 160,000 tons 10%
ore from Ponta Da Madeira to Pohang at $19,00 nett.
A U-Ming TBN went to Taipower for July 10-23 loading 1200,00 to 130,000 tons
10% coal from Newcastle to Taiwan at $11,31.
Pacific Capesize business heard that the 2005-built 172,000 dwt Pierre LD has
fixed to Sinochart for June 13-22 loading 160,000 tons 10% ore from west
Australia to China at $7,40.
Overall the Handy market remained under pressure today, with rates generally
weaker. The Atlantic market appeared to be somewhat positional, with reports
a firm number paid for a UK/Eastern Med run, but confirmation was lacking.
Period business did pay a handysize $7,500 daily for 3-5 months trading. A
trip out from West Africa to the East was done at $19,250 daily for a modern
28,000-tonner. In the Pacific, pressure mounted with talk of a zero rate
agreed.Some fixing and failing has been noted. The Baltic Supramax index
lost 18 to 1090, while the Handysize index edged down 2 to 644.
Atlantic Handy business included reports of the 2011-built 28,225 dwt Ken
fixing to Liana Carrier for spot delivery Durban on a trip with redelivery
southeast Asia at $19,250 daily.
Voyage business in the Atlantic saw Olam take the 2004-built 32,355 dwt CS
Salina for June 01-10 loading 30,000 tons 10% hss from UpRiver to Durban at
Atlantic period business saw the 1999-built 24,021 dwt Great Friendship fix to
an unnamed charterer for May 31-June 02 delivery Novorossiysk for 3-5 months
trading with redelivery in the Atlantic at $7,500 daily.
For Pacific Handy business, Oldendorff has the 2012-built 56,760 dwt Heilan
Brother for spot delivery aps Indonesia on a trip with redelivery India at
$8,000 daily plus an $85,000 ballast bonus.
The 2003-built 56,025 dwt Prabhu Gopal went to the same charterer for June
01-05 delivery aps Suzaki on a trip with redelivery Hong Kong at $7,500 daily.
The 2012-built 56,556 dwt APJ Shirin was fixed to Norden for spot delivery aps
Samarinda on a trip with redelivery India at $6,000 daily plus a ballast bonus
Voyage business in the East saw the 2010-built Tamar fix to Essel Mining for
June 01-05 loading 45,000 tons 10% ore from Haldia to Paradip at $13,75.
For period business in the East, it emerged that Klaveness agreed $10,000
for the 2010-built 57,000 dwt CS Sonoma last week, basis spot delivery aps
Taiwan for 4-6 months trading with redelivery worldwide. The first leg will
to West Africa, according to reports.