Another quiet opening day for the Panamax sector. Rates held steady in the
absence of direction, with a trans-Atlantic round reported fixed at $12,000
daily nett for mid-July dates. Two laden legs in the Atlantic earned $10,250
daily. Pacific business appeared to be holding at last dones strictly on a
more positive sentiment. Sources reported very little concluded business or
inquiry was heard.The Baltic Panamax index saw a gain of 16 today to 1145.
Atlantic Panamax business saw the 2011-built 92,500 dwt Tango Sea fix to an
undisclosed charterer for July 10-15 delivery north Spain on a trip via the
Gulf with redelivery Skaw-Cape Passero at $12,000 daily nett. The business
was originally incorrectly reported done at $11,500 daily.
United was linked with the 1991-built 73,470 dwt Solidarnosc for July 13-14
delivery Savona on a trip with 2 laden legs and redelivery in the Atlantic at
Intermare was said to be the charterer of the 2010-built 79,650 dwt Ornak for
July 12-13 delivery Port Said on a trip via the Black Sea and Jeddah with
redelivery Port Said at $9,500 daily.
In the Pacific, the 1993-built 79,915 dwt Sakonnet (bulk/oiler) has gone to
Cargill for prompt delivery Singapore on a trip via Indonesia with redelivery
China at $7,750 daily.
Rates trended sideways for the Capesize sector in thin trading today. Trips
out from the Atlantic held around $26,500 daily. In the Pacific, rates were
steady with $8,00 repeated for business Port Hedland/Qingdao. The Baltic Capesize
index edged up 8 to open the week at 1501.
For Atlantic Capesize activity, it emerged that the 2006-built 176,925 dwt
Cape Trust was fixed last Friday to Polaris for July 07-12 delivery Hamburg on a
trip via the U.S. east coast with redelivery South Korea at $26,500 daily.
From the Pacific, BHP Billiton fixed at least three vessels Port
Hedland/Qingdao at $8,00. There were variously, the 2010-built Mineral Haiku for 170,000 tons
10% ore loading July 25-30; the 2010-built Golden Ocean for the same laycan
and cargo; and the 2006-built Ocean Cygnus fixed last Friday for July 20-25
loading the same cargo.
The Handy sector got off to an extremely slow start this week. In the
Atlantic, short period business of 3-5 months trading was done spot at $16,500 daily.
There was talk of $40,00 paid for a soybean cargo from Nueva Palmira to
Tunisia, but details of the vessel involved were lacking. Ore business in the
East reportedly provided much of the new business today, but confirmation was
lacking on the reports circulating. A NoPac round was reported done at $9,000
daily today, basis spot delivery. The Baltic Supramax inched up 3 to 1299,
while the Handysize index fell 4 to 709.
Out of the Atlantic, ABT has reportedly taken the 1990-built 38,320 dwt Aman
Trader for spot delivery north coast South America for 3-5 months trading with
redelivery worldwide at $16,500 daily.
The Pacific saw the 2012-built 57,000 dwt Superior fix with an unnamed
for spot delivery Zhoushan on a trip via NoPac with redelivery Singapore-Japan
at $9,000 daily.