In the Atlantic basin, tonnage continues to ballast in from the East, and with
new business still limited, rates are trending sideways or down. An LME fixed
Tilbury/China at $20,000 daily on a trip via Murmansk with redelivery via the
Cape of Good Hope. Rates in the Pacific basin appear to have steadied, more
owner's resistance than any perceived improvement in the market. A NoPac
recently fixed at $5,500 daily and there is talk of lower numbers paid.
Backhaul round business was done at $7,500 daily for a 13-year old vessel
June 7-10 delivery. Short period business paid $8,500 daily for 5-8 months
trading with first-half June delivery. The Baltic Panamax index rose 5 to
Out of the Atlantic, Ultrabulk was said to have fixed on subjects the
81,508 dwt NCS Beijing for June 13-14 delivery Tilbury on a trip via Murmansk
and redelivery China via the Cape of Good Hope at $20,000 daily.
The 2011-built 76,000 dwt Gleamstar has reportedly fixed with Western Bulk
Carriers for prompt delivery El Dekheila on a trip via the Black Sea with
redelivery South Korea at $19,000 daily.
STX Pan Ocean has the 1998-built 72,495 dwt Genco Surprise for prompt delivery
Gibraltar on a trip via the U.S. Gulf with redelivery Singapore-Japan at $17,
The 2005-built 76,608 dwt Fair Lady will earn $13,000 daily plus a ballast
bonus of $300,000 from Transgrain for June 13-15 delivery aps east coast South
America on a trip with redelivery Skaw-Cape Passero.
An unnamed charterer has fixed the 1987-built 68,400 dwt Evrialos for June
12-15 delivery aps east coast South America for a trip via the Red Sea with
redelivery Cape Passero at $13,000 daily plus a $300,000 ballast bonus.
The 2012-built 92,000 dwt AOM Aphrodite has reportedly fixed on subjects with
undisclosed charterer for end-June delivery east coast South America on a trip
with redelivery on the Continent at $11,000 daily plus a $250,000 ballast
Also unnamed was the charterer of the 2007-built 92,832 dwt Pergamos for June
11-16 delivery Gdansk on a trip via the Baltic with redelivery UK/Continent
range at $11,000 daily.
Eon was linked with the 2011-built 92,500 dwt Tango Sea for June 15-17
Riga on a trip via the Baltic with redelivery Spain at $11,000 daily.
The 2011-built 79,600 dwt Grand Amanda went to an unnamed charterer for June
06-07 delivery Lumut on a trip via east coast South America with redelivery
Singapore-Japan at $8,250 daily.
Pacific Panamax business saw the 2009-built 82,600 dwt Lily Atlantic fix to an
undisclosed charterer for June 10-15 delivery Singapore for a trip via east
coast South America with redelivery Singapore/Japan at $8,000 daily.
The 1999-built 74,461 dwt Lilian Z agreed $7,500 daily from an undisclosed
charterer for June 07 delivery passing Singapore on a trip via east coast
America with redelivery Singapore-Japan at $7,500 daily.
Oldendorff recently fixed the 2012-built 61,000 dwt Navios Oriana for
mid/end-June delivery aps NoPac on a trip with redelivery China at $5,500
plus a $325,000 ballast bonus.
The 2011-built 92,500 dwt Tonda Sea has gone to SW Shipping for June 06-07
delivery Taichung on a trip via Indonesia with redelivery Taiwan at $5,200
The 2011-built 82,000 dwt BK Alice has fixed with Bunge for prompt delivery
Indonesia on a trip with redelivery Taiwan at $5,000 daily plus a ballast
Ultrabulk was said to be the charterer of the 1996-built 75,265 dwt Ever
for spot delivery South China on a trip via Indonesia with redelivery India at
In Pacific period business, the 2008-built 82,372 dwt Fortune Rainbow fixed to
Klaveness for June 09-10 delivery Qingdao for 5-8 months trading with
redelivery worldwide at $7,500 daily.
There was virtually no concluded business reported for the Capesize sector
today. There were rumours of fronthaul voyage business done in the Atlantic
at $17.45, but then came word the business was not fixed. Pressure remained, so
it seems likely that rates will ease again before improving. In the East, rates
appear to have bottomed for the moment, with the key west Australia/Qingdao
run holding at $7,05. However sources said that there is still a lot of tonnage
and inadequate amounts of new business to support the market for long. The Baltic
Capesize index fell 20 today to end at 1232.
In the Atlantic, it emerged that Pacific Bulk fixed an STX TBN on Tuesday for
July 15-31 loading 130,000 tons 10% coal from Richards Bay to Dhamra at
Kepco has an STX TBN for July 01-15 loading 150,000 tons 10% coal from
Bay to Taean at $10,68.
Pacific Capesize business saw an unnamed charterer fix the 1990-built 123,000
dwt Luciana Della Gatta for spot delivery dop Singapore on a trip via
with redelivery China at $6,000 daily.
The 1997-built Hai Shi will earn $7,05 from Rio Tinto for June 21-26 loading
160,000 tons 10% ore from Dampier to Qingdao at $7,05.
Prime East has a GCS TBN for June 20-26 loading 160,000 tons 10% ore from
Dampier to Qingdao at $7,05.
Atlantic handy business saw little fresh inquiry today, but as yet rates
continued to hold at last dones. A modern 50,000-tonner reportedly saw
$18,500 daily from EC Mexico for 2-3 laden legs in the Atlantic. The Pacific Handy
market remained weak, a NoPac round done last week at $5,500 daily plus a
$325,000 bb, is now likely unrepeatable. The Baltic Supramax index lost 7 to
1001, while the Handysize index held unchanged at 602.
For Atlantic Handy business, Noble reportedly fixed on subjects the 2007-built
58,790 dwt Sun Globe for June 15-20 delivery San Cristobal for a trip via the
U.S. Gulf with redelivery Singapore/Japan at $26,000 daily.
Cargill was said to have taken the 2011-built 56,774 dwt Red Fin for mid-June
delivery aps Recalada on a trip with redelivery Singapore-Japan at $18,000
daily plus a $400,000 ballast bonus.
The 1995-built 46,640 dwt Akij Wave went to Nidera for spot delivery passing
Cape of Good Hope on a trip via east coast South America with redelivery
UK-Cont/Med at $10,000 daily.
The Pacific Handy basin included word of the 2010-built 52,113 dwt Peristil
fixing to Ultrabulk for June 11-15 delivery Huanghua on a trip with 2-3 laden
legs and redelivery worldwide at $8,400 daily.
An unnamed charterer has the 2008-built 53,100 dwt Wren for spot delivery aps
Samarinda on a trip with redelivery South China at $7,000 daily plus a ballast
bonus of $60,000.
The 2003-built 56,060 dwt Prabhu Parvati has reported fixed on subjects with
undisclosed charterer for spot delivery Kakinada on a trip via South Africa
with redelivery east coast India/Japan range at $6,000 daily.
Also unnamed was the charterer of the 2010-built 56,810 dwt Flag Alexandros,
fixing the vessel for spot delivery Lianyungang on a trip via southeast Asia
with redelivery North China at $2,250 daily.
Period business in the East saw, Oldendorff take the 2004-built 56,060 dwt
Shakti for June 09-14 delivery Inchon for 3-5 months trading with redelivery
worldwide at $8,500 daily.
The 2005-built 55,561 dwt Josco Taizhou will earn $8,500 daily from an
undisclosed charterer for spot delivery North China for 4-6 months trading