Rates continued to fall for the Atlantic Panamax sector today. Owners are
increasingly anxious to find cover, as trans-Atlantic runs dried up.
Fronthaul business, which has to date seen premiums for vessels willing to go East, was
now described as "positional". An early-August trip out from Gibraltar via
the US Gulf was done at a steady $18,350 daily; while from east coast South
modern tonnage fixed $15,000. Pacific business overall saw rates ease today,
with very little concluded business reported done. A Japan/China run via the
U.S. Gulf was done at $8,700 daily for spot/prompt delivery. A NoPac round
reportedly fixed a spot LME at a rate in the mid-to-high-$9,000 daily range,
but confirmation was lacking. The Baltic Panamax index dropped 21 to 1088 at
Atlantic Panamax business included reports of STX Pan Ocean fixing the
2008-built 76,619 dwt Andrea D'Amato for August 01-05 delivery Gibraltar on a
trip via the U.S. Gulf with redelivery Singapore-Japan at $18,350 daily.
The 2010-built 75,600 dwt Galapagos will earn $15,000 daily plus a $500,000
ballast bonus from Glencore for August 20-30 delivery east coast South America
on a trip with redelivery Singapore-Japan.
Beibu Gulf reportedly fixed the 2011-bult 81,930 dwt Darya Ma for July
05 delivery Santos on a trip with redelivery China at $15,000 daily.
The 2005-built 76,520 dwt Penda Bulker went to AC Toepfer for spot delivery
Piombino on a trip via the Black Sea with redelivery Cape Passero at $11,000
An unnamed charterer reportedly took the 2010-built 87,337 dwt Mariolina De
Carlini for spot delivery Hunterston on a trans-Atlantic round with redelivery
UK-Continent range at $9,000 daily.
Cargill was the charterer of the 2010-built 92,500 dwt Johannes Wulf for
10-17 delivery aps U.S. Gulf for a trip via Egypt with redelivery in the
Eastern Mediterranean at $8,000 daily plus a $300,000 ballast bonus.
Out of the Pacific came word that the 1999-built 72,493 dwt Kind Seas has
on subjects to Yangtze Navigation for July 26-27 delivery Tokyo Bay on a trip
via the U.S. Gulf with redelivery China at $8,700 daily.
Atlantic Capesize business saw a Turkey/China run via the Black Sea fix at
$27,000 daily. There was talk of several vessels fixing from the market, but
details were withheld. Another tough day for the Pacific Capesize market,
with rates off last dones. The key Dampier/Qingdao route has now fixed $6,70. The
Baltic Capesize index lost 22 to 1239.
In the Atlantic, the 2009-built 169,001 dwt Navios Stellar has gone to Vista
mid-August delivery ICDAS terminal (near Canakkale) for a trip via the Black
Sea and redelivery China at $27,000 daily.
In voyage business, Agarwal was said to have taken a TBN for August 15-30
loading 150,000 tons 10% coal from Richards Bay to Krishnapatnam at $9,95.
A SwissMarine TBN went to NCSC for August 15-30 loading 150,000 tons 10% coal
from Richards Bay to Hadera at $6,60.
>From the Pacific, Rio Tinto was linked with the 2010-built Generous for
07-11 loading 160,000 tons 10% ore from Dampier to Qingdao at $6,90.
The charterer also fixed on subjects the 2009-built 180,022 dwt Navios Bonavis
for August 09-13 loading 160,000 tons 10% ore from Dampier to China at an
Cargill reportedly fixed a TBN for August 23-30 loading 160,000 tons 10% ore
from West Australia to China at $6,90.
The 2011-built 180,050 dwt Pacific Creation will earn $10,500 daily from Swiss
Marine with spot delivery Qingdao for 4-6 months trading and redelivery
The 1996-built 179,689 dwt Quorn was fixed to Louis Dreyfus with spot delivery
Singapore for 4-6 months trading with redelivery worldwide at $10,000 daily.
Pressure remained on rates in the Atlantic today, with $18,000 daily
reportedly done from the U.S. Gulf to Turkey. From east coast South America, supramax
tonnage agreed $15,000 daily plus a ballast bonus for a trip to the East. A
slower, easier market in the East today. Indonesia/EC India business was said
to have fixed a supramax at $11,25, while handysize tonnage reportedly agreed
$8,000 daily from Singapore for a trip with 2 laden legs - but details and
confirmation were lacking. The Baltic Supramax index fell 23 to 1133 today,
while the Handysize index was down 7 to 640.
Atlantic Handy business heard that the 2006-built 55,614 dwt Ocean Spirit has
gone to a European charterer for August 05-10 delivery dop Houston on a trip
via the U.S. Gulf with redelivery China at $24,500 daily.
Also unnamed was the charterer of the 2011-built 58,000 dwt Spar Corona,
the vessel for spot delivery Owendo on a trip via North Brazil and redelivery
China at $16,200 daily.
An undisclosed charterer fixed the 2010-built 58,000 dwt Spar Rigel for
end-July/early-August delivery aps Recalada for a trip with redelivery
Singapore-Japan at $15,000 daily plus a ballast bonus of about $300,000.
It emerged that Ultrabulk recently fixed the 2010-built 55,947 dwt TTM Phoenix
for August 01-05 delivery in the U.S. Gulf for a trip with 2-3 laden legs and
redelivery in the Atlantic at $14,000 daily.