Atlantic Panamax business finished the week steadily, but with fresh
inquiry quite limited. Plenty of early tonnage remains and with most
first-half July business covered, there appears to be a bit of a lull
happening. It was a quiet end to the week for the Pacific basin, with
conditions still described as "positional". NoPac rounds held on to this
week's gains, in the low-to-mid-$6,000's daily range. There was very
little inquiry for period tonnage today, but rates were said to be
holding at last dones for what did appear. The Baltic Panamax index
closed the week up 16 to 984.
For the Atlantic, the 1996-built 72,870 dwt Global Triumph went to
Oldendorff for July 04-09 delivery Rotterdam on a trip via Kokkola with
redelivery China at $18,500 daily.
Bunge reportedly fixed the 2001-built 74,374 dwt Alpha Afovos for spot
Civitavecchia on a trip via Brazil with redelivery on the Continent at $8,500
The 1995-built 69,952 dwt Deng Zhou Hai will earn $6,000 daily from Transbulk
for July 15-20 delivery Fos on a trip via Kamsar with redelivery Skaw-Cape
The Pacific Panamax market heard that the 2005-bult 82,769 dwt Iron
Bradyn fixed to Glencore for July 04-09 delivery passing Muscat outbound
on a trip via Brazil with redelivery China at $9,500 daily.
Daiichi was linked with the 2002-built 74,133 dwt Africa Graeca for June
30-July 02 delivery Kobe on a trip via Australia with redelivery Japan at
Cargill has fixed on subjects the 2001-built 74,133 dwt Hispania Graeca
for July 01-05 delivery Qingdao on a trip via NoPac with redelivery China
at $6,500 daily.
It emerged that Oldendorff took the 1997-built 72,517 dwt Ever Blossom earlier
this week for spot delivery Zhoushan on a trip via options of Indonesia,
Australia, NoPac, and the U.S. Gulf with redelivery Singapore-Japan at $6,000
The 1998-built 71,571 dwt Esna has fixed spot to Samsun for delivery Hong Kong
on a trip via Indonesia with redelivery India at $7,250 daily.
Capesize business trended sideways into the weekend. The Atlantic saw little
improvement in rates for early ships and overall there was not a lot of new
business on offer. In the Pacific, ore cargoes from West Australia to China
held at $6,70 into the close. The Baltic Capesize index moved up 6 to 1190
Trip business in the Atlantic heard that EDF fixed the 2009-built 169,001 dwt
Navios Stellar for spot delivery Dunkirk for a trans-Atlantic round with
redelivery UK-Continent range at $4,700 daily.
Vale has the 2004-built Xin Fa Hai for July 01-15 loading 160,000 tons 10% ore
from Tubarao to Qingdao at $17,45.
A Cargill TBN was said fixed to Libra for July 10-24 loading 150,000 tons 10%
coal from Richards Bay to Mundra at $9,50.
Pacific Capesize business included reports of Glovis fixing a Cosbulk TBN for
July 19-25 loading 126,000 tons 10% coal from Abbots Point and Gladstone to
Dangjin at $8,53.
NSC was said to have taken a MOL TBN for July 16-25 loading 150,000 tons 10%
coal from Dalrymple Bay to Japan at $6,75.
Sinochart was linked with the 2011-built 174,275 dwt Aquafortune for July
loading 160,000 tons 10% ore from West Australia to Qingdao at $6,70.
The 2006-built Jiang Jun Shan has gone to Rio Tinto for July 17-22 loading
160,000 tons 10% ore from Dampier to Qingdao at $6,70.
There was talk of significantly firmer rates having been paid for
suprramax tonnage in the Atlantic today. A rate of about $23,000 daily
was said done for a trip from the U.S. Gulf to the East - however
confirmation was lacking. A trans-Atlantic run paid $5,500 daly for spot
business from the Black Sea to the U.S. Gulf. Period business paid
$24,500 daily for a supramax with early July dates on about 2.5-5 months
trading. Reports of concluded business were scarce for the Pacific basin
today. Sources reported pressure on rates for NoPac rounds. Demand for
period tonnage was light as the weekend arrived. The Baltic Supramax
index rose 10 to 1257, while the Handysize index inched up 1 to 719.
For Atlantic Handy business, Western Bulk Carriers have the 2001-built 48,337
dwt Marylebone for spot delivery in the Black Sea on a trip with redelivery in
the U.S. Gulf at $5,500 daily.
The 2009-built 55,259 dwt An Ping was linked with Noble for July 01-05
in the U.S. Gulf for a minimum of 75 days trading and redelivery worldwide at
Pacific Handy business included word of the 2010-built 55,092 dwt Densa Tiger
fixing to an undisclosed charterer for spot delivery Kushiro for 3-5 months
trading with redelivery worldwide at $10,500 daily.