There was still something of a positive finish to the week for the Atlantic
Panamax sector, with rates holding firm from the north Continent on tight
tonnage availability. East coast South America continues to see little new
business and rates appear to have peaked. Some fixing and failing has been
noted for trans-Atlantic runs. Pacific business managed gains into the close
of the week. China/Japan business via Brisbane was reported done at $11,000
daily. China/EC India via Australia fixed modern tonnage at $9,500 daily.
Baltic Panamax index closed the week up 15 to 1202.
Out of the Atlantic, the 1997-built 74,009 dwt Shao Shan II has fixed
with Cargill for July 28-29 delivery SW Pass on a trip with redelivery in
the East at $17,250 daily plus a ballast bonus of $725,000.
The 2011-built 75,019 dwt Good Luck will earn $17,000 daily plus a
ballast bonus of 680,000 for August 02-05 delivery aps U.S. Gulf for a
trip with redelivery Singapore-Japan.
It emerged that the 2011-built 93,291 dwt Ao Hong Ma recently fixed to an
undisclosed charterer for July 11-13 delivery passing Gibraltar on a trip via
the U.S. Gulf with redelivery ARA at $12,750 daily.
Pacific Panamax business saw Daiichi take the 2012-built 82,100 dwt Ranger for
spot delivery Zoushan on a trip via East Australia with redelivery Japan at
The 2010-built 76,573 dwt Hong Dai has fixed to an unnamed charterer for
01-10 delivery aps Orinoco for a trip with redelivery China at $17,000 daily
plus a $700,000 ballast bonus.
The 2000-built 75,933 dwt Tina will earn $9,500 daily from an undisclosed
charterer for July 13-14 delivery Kwangyang on a trip via Australia with
The unnamed charterer of the 2001-built 74,060 dwt Cos Intrepid agreed $8,250
daily for July 15-16 delivery Xinsha on a trip via Indonesia with redelivery
Capesize business in the Atlantic closed the week on an easier note, with
rates for Tubarao/Qingdao business falling to the high-$17,00 range
today. Slower trading in the Pacific resulted in pressure on rates which
pushed West Australia/Qingdao business to about $7,00. The Baltic
Capesize index fell 32 to 1320 today.
In the Atlantic, Noble was said to have taken a Baosteel TBN for August 01-10
loading 160,000 tons 10% ore from Tubarao to Qingdao at $17,80.
Phoenix fixed an STX TBN for August 10-24 loading 150,000 tons 10% coal from
Richards Bay to Mina Saqr at $11,00.
For the Pacific, the 2010-built Navios Buena Ventura has gone to Rio Tinto for
July 28-31 loading 160,000 tons 10% ore from Dampier to Qingdao at $7,05.
Handy business slowed into the close of the week, though there were rumours
(without details) of business having fixed from the U.S. Gulf. From the
Continent, a trip out via the Cape of Good Hope paid $19,000 daily. From the
Pacific, once again new business from Indonesia provided most of the support.
Indonesia/India business paid $13,000 daily for July 16-21 delivery. The
Baltic Supramax index edged down 7 to 1287, while Handysize business fell 4 to
Out of the Atlantic, the 2011-built 57,275 dwt Maria v Livanos has gone to EMR
for July 22-27 delivery Portbury on a trip via the UK/Continent with
Turkey at $22,000 daily.
The 1996-built 45,189 dwt Zhong Hai fixed to an unnamed charterer for spot
delivery on the North Continent for a trip via the Cape of Good Hope and
redelivery India at $19,000 daily.
Also undisclosed was the charterer of the 1991-built 47,377 dwt Tai Hua Hai,
taking the vessel for spot delivery dop Antwerp on a trip with redelivery West
Africa at $16,000 daily.
In the Pacific, an unnamed charterer has fixed the 2009-built 55,477 dwt Bulk
Argentina for July 16-21 delivery Belawan on a trip via Indonesia with
redelivery India at $13,000 daily.
The 2012-built 56,970 dwt SFL Humber fixed privately for spot delivery Xingang
on a trip via southeast Asia with redelivery China at $9,000 daily.