Panamax activity got off to a very slow start today. Rates are being talked
lower in the Atlantic as the list of available tonnage grows longer. Fresh
inquiry in the Pacific basin was lacking and reports of ships fixing were few
and far between. Charterers from east coast South America continued to draw
tonnage from S.E. Asia, and this gave the market some support - but overall
rates were steady/pressing down. The Baltic Panamax index fell 22 today to
open the week at 1026.
Out of the Atlantic, the 2011-built 80,400 dwt Popi S has fixed with
Transgrain for June 29-July 03 delivery aps east coast South America on a trip via Iran
with redelivery passing Muscat outbound at 16,000 daily plus a ballast bonus
Bilgent was said to be the charterer of the 2006-built 77,073 dwt Clara for
June 25-30 delivery Port Said on a trip via Huelva with redelivery China at $16,000
It emerged that Morgan Stanley fixed the 2011-built 91,900 dwt Moon Breeze
recently for June 21-24 delivery Amsterdam on a trip via the U.S. east coast
with redelivery Italy at $7,800 daily.
For Atlantic period business, Oldendorff agreed $10,000 daily for the
2011-built 80,387 dwt Aeolian Heritage with June 28-July 03 delivery Belfast for 3-5
months trading and redelivery worldwide.
An undisclosed charterer took the 1997-built 71,355 dwt Accord for June 23
delivery Kosichang for a trip via east coast South America with redelivery
Singapore-Japan at $9,000 daily.
Only limited business surfaced for the Capesize sector today, with rates said
to be trending sideways on the lack of activity. In the Atlantic, a
trans-Atlantic voyage from Tubarao to Dunkirk W&E paid $8,00 for an ore cargo. A trip out
Tubarao/Qingdao, went at $17,50 for mid-July/onwards loading. Pacific
Capesize activity was very quiet today, and details of concluded business were lacking.
Sources reported EC India/Tianjin business done at $10,50 for an ore cargo.
The Baltic Capesize index edged up 5 to 1160 today.
In the Atlantic, Swiss Marine reportedly fixed a TBN for July 15/onwards
loading 160,000 tons 10% ore from Tubarao to Qingdao at $17,50.
It emerged that Elcano recently took a TBN for July 10-24 loading 165,000 tons
10% ore from Tubarao to Dunkirk West & East at $8,00.
From the Pacific, Radiant has a TBN for June 25-30 loading 120,000 tons 10%
ore from Visakhapatnam to Tianjin at $10,50.
Very little concluded business surfaced for the Handy sector in either basin
today. In the Pacific, an unnamed charterer was said to have paid a good
$8,500 daily for a NoPac round.The Baltic Supramax index gained 12 to 1191, while
the Handysize index inched up 2 to 707.
Pacific Handy business saw the 1997-built 48,224 dwt Juergen Schulte fix with
an unnamed charterer for spot delivery Zhoushan on a trip via NoPac with
redelivery India at $8,500 daily.