The Atlantic Panamax sector appears to have bottomed for the moment, with
sources reporting steadier rates on tighter tonnage availability. However
there remains significant amounts of tonnage in ballast, which will begin impacting
the basin over the next week to ten days. Pacific rates too have benefited
from tonnage ballasting away, with rates trending sideways rather than down again.
The Baltic Panamax index gained 30 to 944 today.
For Atlantic Panamax business, the 1996-built 72,870 dwt Global Triumph has
reportedly fixed with an unnamed charterer for spot delivery Rotterdam on a
trip via the Baltic with redelivery India at $18,000 daily.
Just Bulk Carriers were linked with the 2009-built 76,659 dwt Agios Sostis for
July 12-17 delivery aps east coast South America on a trip with redelivery
Singapore-Japan at $15,500 daily plus a $550,000 ballast bonus.
Bunge proved to be the charterer of the 2011-built 80,647 dwt Louis
Dreyfus-relet Navios Marco Polo for prompt delivery Port Talbot on a trip via
the St. Lawrence with redelivery UKC at $10,000 daily.
The 2006-built 76,662 dwt Red Jasmine will earn $9,800 daily from an unnamed
charterer for June 18-23 delivery Cape Passero for a trip with 2 laden legs
redelivery in the Atlantic.
Norden has the 2001-built 74,716 dwt Primrose for June 15-20 delivery
on a trip via Murmansk with redelivery UKC at $8,500 daily.
The 2012-built 81,712 dwt Nord Aquila was fixed to Nordic Bulk Carriers for
14-16 delivery Immingham on a trip via the Baltic with redelivery UKC at
In voyage business, Cobelfret was said to be the charterer of the 1999-built
75,265 dwt Grazia Bottiglieri for June 20-30 loading 70,000 tons 10% coal from
the Mississippi River to Rotterdam at $18,00.
Bunge has a TBN for June 25-July 05 loading 65,000 tons 10% coal from Hampton
Roads to Jorf Lasfar at $13,50.
For Pacific Panamax business, Daebo has reportedly fixed the 2009-built 76,529
dwt Lady Marite for June 11-13 delivery Karaikal (ECI) on a trip via east
South America with redelivery Singapore/Japan at $10,000 daily.
Chinese charterers have reportedly taken the 2001-built 74,750 dwt Angelic
for June 01 delivery retro-Singapore on a trip via east coast South America
with redelivery Singapore-Japan at $9,000 daily.
The 2004-built 76,629 dwt Agios Konstantinos has fixed to Sinoriches for June
13-18 delivery passing Singapore on a trip via east coast South America and
redelivery Singapore-Japan at $8,000 daily.
STX Pan Ocean agreed $8,000 daily for the 2011-built 75,700 dwt Shao Shan for
June 17-22 delivery passing Singapore on a trip via east coast South America
with redelivery Singapore-Japan.
In a correction to an earlier report, the 1995-built 69,128 dwt Sea Lord was
reported fixed to an undisclosed charterer for spot delivery Singapore on a
via Indonesia with redelivery South China at $4,500 daily. The business was
earlier reported done at $6,500 daily.
Oldendorff was the charterer of the 2001-built 74,255 dwt Aeolian Breeze for
prompt delivery Taichung on a trip via Indonesia with redelivery
Singapore-Japan at $5,500 daily.
The 1999-built Carol has gone to Pioneer Navigation for June 20-26 loading
60,000 tons 5% bauxite from Kamsar to Aughinish at $12,10.
Pacific period business heard that Cargill fixed the 2004-built 73,630 dwt
Protefs for August delivery China for 24-29 months trading with redelivery
worldwide at $9,000 daily.
Capesize business opened the week very quietly, with only limited new business
on offer. While several vessels are reported to have gone today - mostly for
business from east coast South America, details of the rates paid remained
private. In the East, Cargill fixed a 17-year old vessel for Dampier/Qingdao
business at $6,95. The Baltic Capesize index edged down 2 to 1221.
>From the Pacific, the 1995-built Ianthe has gone to Cargill for June 23-27
loading 160,000 tons 10% ore from Dampier to Qingdao at $6,95.
The Handy market opened firmer in the Atlantic this week, particularly for
out of the U.S. Gulf.Handysizes saw a modern 30,000-tonner fixed from the
Gulf to Morocco at a firm $25,000 daily. There was some additional interest in
period tonnage, with a short period of 3-5 months trading said fixed around
$15,250-$15,500 daily. There was a touch more optimism noted in the Pacific
today, with talk of a "bottom" having been found - but others found this
premature. Supramax tonnage was fixed at a low $3,750 daily for spot business
from China to Singapore via Japan. Period business saw modern tonnage fix 3-5
months trading at $9,750 daily. The Baltic Supramax index opened the week
unchanged at 1000, while the Handysize index managed a gain of 4 to 611.
For Atlantic handy business, it emerged that Noble recently took the
58,790 dwt Sun Globe for spot delivery Cristobal on a trip via the U.S. Gulf
with redelivery Singapore-Japan at $26,250 daily.
An undisclosed charterer has agreed a firm $25,000 daily for the 2011-built
29,380 dwt Azalea K with spot delivery SW Pass for a trip with redelivery
D'Amico agreed $24,000 daily for the 2001-built 52,301 dwt Akili for end-June
delivery in the U.S. Gulf on a trip with redelivery in the eastern
Mediterranean at $25,000 daily or optional redelivery Spain at $24,000 daily.
The 2010-built 56,835 dwt Mia S will earn $23,000 daily from Hanjin for spot
delivery Charleston on a trip via the U.S. Atlantic with redelivery Turkey at
The 2011-built 56,000 dwt Nord Fuji went to Cargill for spot delivery
on a trip via north coast South America and redelivery Brazil at $16,000
Pacbasin has the 2009-built 55,429 dwt Calypso Colossus for spot delivery in
western Mediterranean on a trip with 2-3 laden legs and redelivery in the
Atlantic at $12,000 daily.
Pacific Handy business saw Safe Arrival Bulk take the 2012-built 56,838 dwt
Trans Autumn for spot delivery Jintang on a trip with 2 laden legs and
redelivery worldwide at $7,500 daily.
The 2002-built 50,244 dwt Maritime Cuate was fixed to an undisclosed charterer
for spot delivery North China on a trip via Japan with redelivery Singapore at
For Pacific period business, the 2012-built 58,000 dwt Bulk Honduras has gone
an unnamed charterer for spot delivery Taichung for 3-5 months trading with
redelivery worldwide at $9,750 daily.
Also undisclosed was the charterer of the 2004-built 56,060 dwt Dubai
Ambassador, fixing the vessel for spot delivery North China for 4-6 months
trading with redelivery worldwide at $9,000 daily.