Atlantic Panamax business could best be described as positional today, with
sources divided on whether rates are improving or have peaked. There was
still only limited tonnage available for north Atlantic business, which kept rates
steady. From east coast South America, charterers still have plenty of
tonnage to choose from and continue to source from the Indian Ocean and points East.
Demand for tonnage eased in the U.S. Gulf region with rates holding for now,
but some pressure mounting. The Pacific basin saw a wide variation in rates
today, depending on dates and position. NoPac rounds appeared to hold in the
low-to-mid-$9,000 daily range. Little demand for period tonnage showed today
and rates held at last dones on the lack of activity. The Baltic Panamax
gained 5 to 1214 today.
In the Atlantic, Torm fixed the 1994-built 70,047 dwt Fengli 8 for spot
passing Gibraltar on a trip via Orinoco with redelivery China at $17,400
The 2010-built 92,018 dwt Panayiota K will earn $15,750 daily plus a $575,000
ballast bonus from Bunge for August 01-10 delivery aps east coast South
for a trip with redelivery Phu My.
The 1999-built 75,265 dwt Grazia Bottiglieri will reportedly earn $15,000
from an unnamed charterer for July 21-24 delivery Rotterdam on a trip via the
Baltic with redelivery Skaw-Cape Passero.
Also undisclosed was the charterer of the 2011-built 95,200 dwt Double
taking the vessel for July 18-23 delivery Immingham on a trip via the Baltic
with redelivery UK-Continent range at $12,000 daily.
Louis Dreyfus was linked with the 1994-built 69,963 dwt Gao Zhou Hai for July
20-25 delivery Plominj on a trip via the Black Sea and Jeddah with redelivery
Port Said at $10,500 daily.
Cargill has the 2011-built 92,099 dwt Dorian Schulte for July 18-23 delivery
River Plate on a trip with redelivery on the Continent at $9,750 daily plus a
$250,000 ballast bonus.
Pacific Panamax business saw NCS take the 2001-built 73,996 dwt Tian Hua Feng
for spot delivery Yangjiang on a trip via West Australia with redelivery China
at $10,000 daily.
IMC was said to have fixed on subjects the 2004-built 76,830 dwt Lowlands
for July 20 delivery ex-drydock Nantong for a trip via Newcastle with
redelivery Taiwan at $8,000 daily.
The 2001-built 74,275 dwt Siva Bulk-relet Tian Tong Feng has gone to an
undisclosed charterer for July 16-20 delivery South China on a trip via West
Australia with redelivery Singapore-Japan at $7,100 daily.
Topsail has a TBN for July 25-30 loading 60,000 tons 10% coal from Samarinda
Ningde at $7,10.
Moving towards mid-week, the capesize sector provided little encouragement for
owners, with new business scarce and rates still under pressure. From the
Pacific, the key Dampier/Qingdao route was still around $7,00 for early August
loading. Otherwise there was little to report. For the Atlantic basin, rates
trended sideways in light activity. A spot Israel/China run via the Black Sea
paid $27,500 daily for modern tonnage, while in voyage business, a trip out
PDM/China was done at $20,50 for last quarter July loading. The Baltic
index edged down 9 to 1301 today.
Out of the Atlantic came word that Aquavita took the 2010-built 177,100 dwt
Baltic Bear for spot delivery Hadera on a trip via the Black Sea with
redelivery China at $27,500 daily.
Sinochart fixed a TBN for July 20-31 loading 160,000 tons 10% ore from Ponta
Madeira to Qingdao at $20,50.
The 2011-built Prosperous went to Resource Marine for August 08-17 loading
150,000 tons 10% coal from Drummond to ARA at $8,50.
In the Pacific, Rio Tinto reportedly fixed an STX Pan Ocean TBN for August
02-06 loading 160,000 tons 10% ore from Dampier to Qingdao at $7,00.
Handy business in the Atlantic saw rates trend sideways/slightly down in
trading.A supramax was said fixed from Brazil/East at $18,250 daily plus a
$375,000 bb. This corrected the rate and bb downward from earlier reports,
which had put the rate at $19,000 daily and $450,000 bb. The Baltic Supramax
index fell 16 to 1261, while the Handysize index was off 7 to 680.
>From the Atlantic, in a correction to an earlier report, the 2012-built
dwt Giannutri fixed with Noble for July 21-22 delivery Santos on a trip with
redelivery Singapore-Japan at $18,250 daily plus a ballast bonus of $375,000.
For Atlantic period business, STX Pan Ocean agreed $17,000 daily for the
2001-built 46,492 dwt Danos Z with spot delivery Houston for 4-6 months
and redelivery worldwide at $17,000 daily.
Pacific business included reports of the 2012-built 57,000 dwt Sunny Horizon
fixing to an unnamed charterer for July 20-22 delivery Xiamen on a trip via
Indonesia with redelivery east coast India at $9,250 daily.
It emerged that the 2012-built 57,000 dwt Superior was recently fixed to an
unnamed charterer for spot delivery Zhoushan on a trip via NoPac with
redelivery Singapore-Japan at $9,000 daily.
Backhaul business saw the 2004-built 50,238 dwt Clementine fixed to an
undisclosed charterer for spot delivery Dangjin on a trip with redelivery in
the U.S. Gulf at a low $1,500 daily.
For period business in the Pacific, the 2011-built 35,000 dwt Thomas C has
to MUR for spot delivery CJK for 4-6 months trading with redelivery worldwide
at $8,000 daily.
Voyage business saw Uniwell pay $13,25 for a TBN with July 20-30 loading
tons 10% ore from Goa to China.