PANAMAX
=======
There was not a significant amount of fresh inquiry for the Panamax
sector today. Much of the business reported fixed was done on Wednesday
and Thursday of this week. Vessels in ballast to the Atlantic continued
to depress rates, and fresh activity was very limited. The holiday in the
U.K. on Monday means next week will likely get off to a very slow start.
For the Pacific basin, tonnage lists continued to grow and rates held at
last dones largely on the lack of concluded business. The Baltic Panamax
index opened the new month down 26 to 897.
Out of the Atlantic reports emerged of the 2005-built 76,263 dwt IVS
Merlot fixing for end-June delivery Santos on a trip with redelivery
Singapore-Japan at $15,250 daily plus a ballast bonus of $550,000.
The 2011-built 93,270 dwt Umberto D'Amato went to Agroship for June 05-10
delivery Gibraltar on a trip via Murmansk with redelivery China at $15,000
daily.
Also undisclosed was the charterer of the 1999-built 74,346 dwt Ever
Shining for June 11-16 delivery passing the Cape of Good Hope on a trip
via east coast South America with redelivery Singapore-Japan at $12,000
daily plus a $400,000 ballast bonus.
Egyptian Bulk Carriers have the 2005-built 76,015 dwt Maritsa for June 15-20
delivery Santos on a trip with redelivery in the Egyptian Mediterranean at
$12,000 daily plus a $300,000 ballast bonus.
The 2011-built 75,485 dwt Cui Ping Feng will earn $10,000 daily plus a
$200,000
ballast bonus from Bunge for June 15-20 delivery Itacoatiara on a trip with
redelivery Spain.
An unnamed charterer took the 2011-built 82,500 dwt King Hadley for prompt
delivery Gibraltar on a trip via Brazil and Egypt with redelivery Cape Passero
at $9,500 daily.
The 2001-built 74,090 dwt Rodon Amarandon was linked with Energy for June
06-11
delivery Rotterdam on a trip via the U.S. east coast with redelivery Skaw-Cape
Passero at $8,500 daily.
CAPESIZE
========
Atlantic Capesize business trended sideways into the weekend. There was
very little new business reported fixed and with the holiday in the U.K.
on Monday, business early next week is not expected to show much change.
Tubarao/Qingdao business is being talked around $17,75 for mid-June
loading, while S.Africa/China business was done at $13,65. Pressure for
the Pacific basin mounted, with the Dampier/Qingdao route reportedly
fixing at an easier $7,25 and west Australia/Qingdao at $9,90 - both for
late June loadings - but details of the vessels involved were lacking.
The Baltic Capesize index lost another 21 to 1298 today.
For Atlantic Capesize business, the 2010-built DHL Pacific was said fixed to
Oldendorff for June 17-26 loading 160,000 tons 10% ore from Tubarao to Qingdao
at $17,75.
Pacific Capesize business saw STX Pan Ocean fix the 2001-built 169,000
dwt Maria A Angelicoussi for June 02 delivery Fangcheng on a trip via
Richards Bay with redelivery South China at $9,250 daily.
Libra took a Swiss Marine TBN for June 08-17 loading 140,000 tons 10% coal
from
Samarinda to Gangavaram or Mundra at $7,00.
The 1996-built Anangel Legend has gone to Endesa for June 19-30 loading
150,000
tons 10% coal from Banjarmasin to El Ferrol at $6,70.
Out of the Pacific, Swiss Marine has the 2010-built 180,000 dwt Pacific
Resource for June 03 delivery Qingdao for about 5-8 months, with the
first 30 days trading Index linked and the balance at $10,000 daily.
HANDY/SUPRAMAX
==============
Supramax tonnage in the Atlantic held steady in quiet trading as the week
came to a close. Modern tonnage earned $18,000 daily for June 05-10
delivery on a trip via ECSA to the East. The Pacific market was not so
fortunate and rates eased again. A NoPac round was said to have been done
at $5,000 daily plus a $350,000 ballast bonus, but confirmation was
lacking. The Baltic Supramax index fell 11 to close the week at 1023,
while the Handysize index dropped 8 to 621.
Atlantic Handy business included reports of Louis Dreyfus fixing the
2002-built
50,296 dwt Navios Vector for June 05-10 delivery passing the Cape of Good Hope
on a trip via east coast South America with redelivery Singapore-Japan at
$18,000 daily.
Suisse Atlantique has the 1998-built 46,747 dwt Ken for spot delivery West
Africa on a trip via South Brazil with redelivery Algeria at $13,000 daily.
Pacific Handy business saw the 2011-built 57,366 dwt Diamond Star fix to Hong
Union for June 05-07 delivery Jinzhou on a trip via Tianjin with redelivery in
the Persian Gulf at $7,000 daily.
The unnamed charterer of the 2002-built 50,363 dwt Aifanourios fixed the
vessel for spot delivery Indonesia on a trip with redelivery India at
$6,000 daily plus an $80,000 ballast bonus.
Period business in the Pacific saw Norden fix the 2002-built 53,125 dwt Anassa
Ioanna with June 01-05 delivery north China for 3-5 months trading and
redelivery worldwide at $9,500 daily. The business was earlier incorrectly
reported done at $9,000 daily.