PANAMAX
=======
There has been very little new activity reported for Atlantic Panamax business
yet this week. Charterers appear to have the upper hand and rates are still
very weak. A Baltic Sea/Continent run is said to have fixed modern tonnage at
about $11,000 daily, but confirmation was lacking. A trip out from east coast
South America did fix at $12,500 daily plus a $450,000 bb basis early July
delivery. The pressure on rates remained for Panamaxes in the East today.
Sources reported a NoPac round done at $6,000 daily plus a $340,000 bb. A Far
East round via Australia earned $5,000 daily for modern tonnage. Also, an LME
fixed spot business, a Japan/Australia round trip at just $4,750 daily. The
Baltic Panamax index lost 20 to 877 today.
The Atlantic Panamax sector saw Oldendorff take the 2010-built 79,800 dwt Sea
Empire for July 01-05 delivery aps east coast South America on a trip with
redelivery Singapore-Japan at $12,500 daily plus a ballast bonus of $450,000.
Pacific Panamax business included word of the 2011-built 79,600 dwt Grand
Amanda fixing to an unnamed charterer for spot delivery Lumut on a trip
via east coast South America on a trip with redelivery in the Far East at
$8,250 daily.
BHP Billiton was linked with the 2001-built 75,941 dwt Maganari for spot
delivery Kobe on a trip via Australia with redelivery Singapore-Japan at
$4,750 daily.
It emerged that the 2007-built 74,405 dwt Gauri Prem recently fixed to an
undisclosed charterer for prompt delivery Indonesia on a trip with redelivery
China at $5,000 daily plus a ballast bonus of $60,000.
The 2001-built 73,926 dwt Levanto has reportedly fixed to STX Pan Ocean
for spot delivery Hong Kong on a trip via Australia with redelivery
Singapore-Japan at $5,000 daily.
Sinochart was said to be the charterer of the 2000-buit 72,493 dwt Kind
Seas for June 18-20 delivery aps NoPac on a trip with redelivery Japan at
$6,000 daily plus a $340,000 ballast bonus.
CAPESIZE
========
Holidays in the U.K. on Monday and Tuesday of this week suppressed a lot of
trading. Rates continued their decline on the lack of activity and the number
of ballasters headed into the basin. There was talk of trans-Atlantic rounds
fixing in the high-$3,000-to-$4,000 daily range, but details were lacking.
Charterers were busy in the East, although rates have yet to show any
improvement. The key Dampier/Qingdao run has fallen to the $7,00-$7,05 range.
The Baltic Capesize index fell 46 to 1252.
In the Atlantic, Kumba has the 2008-built Sandra for June 20-25 loading
160,000 tons 10% ore from Saldanha Bay to Qingdao at $12,90.
From the Pacific, Rio Tinto fixed the 2005-built Winning Confidence for June
21-26 loading 160,000 tons 10% ore from Dampier to Qingdao at $7,05.
The same charterer was linked with the 2007-built Nord Steel for the same
dates and cargo on the same route and at the same rate.
HANDY/SUPRAMAX
==============
Activity has yet to resume at any significant level in the Atlantic.
Handysize tonnage in the U.S. Gulf reportedly fixed a trans-Atlantic run at $15,250
daily.
A trip out from east coast South America paid $18,500 daily plus a $400,000
bb for a supramax. In the Pacific basin, period business proved the only
moderately bright spot today, with charterers still paying a premium over trip
rates. An Indonesia/India trip paid $6,000 daily plus a $50,000 bb for a
supramax with June 08-12 delivery. The Baltic Supramax index dropped 15 to
1008, while the Handysize index was off 19 at 602.
Out of the Atlantic came word of the 2011-built 57,000 dwt Red Fin fixing with
Cargill for June 20-25 delivery Santana on a trip with redelivery in the Far
East at $18,500 daily plus a $400,000 ballast bonus.
D'Amico was said to be the charterer of the 2008-built 28,449 dwt Sat Nunki
for June 12-15 delivery Altamira on a trip via the U.S. Gulf with redelivery in
the Italian Adriatic at $15,250 daily.
For the Pacific market, Bulk Marine has the 2010-built 58,500 dwt Ignazio for
June 08-12 delivery aps Samarinda on a trip with redelivery India at $6,000
daily plus a ballast bonus of $50,000.
The 1997-built 26,000 dwt African Puma has reportedly fixed on subjects with
an unnamed charterer for June 08-10 delivery Qingdao for a trip with redelivery
east coast India at $7,000 daily.
For Pacific period business, Navios reportedly took the 2009-built 58,063 dwt
Navios Celestial for June 06-15 delivery east coast India for 4-6 months
trading with redelivery worldwide at $10,000 daily.
The 1996-built 28,587 dwt Shark Island went to Thoresen for June 09-11
delivery Taiwan for 4-6 months trading with redelivery worldwide at $8,000 daily.