There was a bit of a last minute rush for the Atlantic Panamax sector
today, with a number of vessels said fixed, although rates are still
easing. Modern tonnage reportedly agreed just under $16,000 daily plus a
$600,000 bb for ECSA/East business. An LME went USG/Santos at $11,000 for
mid-August delivery. The Pacific basin also saw slightly more activity
today, but again rates are still under pressure. Malaysia/SE Asia
business paid $9,750 daily for early August business, while a backhaul
round from east coast India was done at $9, 500 daily. The Baltic Panamax
index finished this week at 1031, dropping 27.
From the Atlantic, the 2011-built 79,600 dwt King Peace was reported
fixed to an unnamed charterer for August 05-10 delivery Itaqui on a trip
with redelivery Singapore/Japan at about $15,750 daily plus a ballast
bonus of $600,000.
Also undisclosed was the charterer of the 2012-built 81,585 dwt
Mehmet Aksoy for August 10-12 delivery Mobile on a trip with redelivery Santos
at $11,000 daily.
D'Amico was linked with the 2010-built 82,094 dwt Atalanta for August 04-06
delivery Nordenham on a trip via Murmansk with redelivery north Spain at
The 1994-built 72,338 dwt Hamburg Max has gone to Windrose for August 15-30
delivery Recalada on a trip with redelivery Skaw-Cape Passero at $8,000 daily
plus a $200,000 ballast bonus.
Voyage business saw Enel pay $11,00 for a Swiss Marine TBN with August 05-11
loading 70,000 tons 10% coal from Ust-Luga to Civitavecchia.
Out of the Pacific came word of LDH Energy fixing the 2011-built 76,500 dwt
Great Mind for August 05-08 delivery Port Klang on a trip via Indonesia with
redelivery south-east Asia at $9,750 daily.
The 2011-built 76,000 dwt Xiao Yu has gone to an unnamed charterer for spot
delivery Ennore on a trip via east coast South America and redelivery
Singapore/Japan at $9,500 daily.
Cetragpa agreed $8,500 daily for the 1998-built 73,018 dwt Agios Efraim with
August 04-07 delivery Butterworth on a trip via IBT and redelivery Mauban.
Capesize activity slowed even further today, and reports circulated of a
number vessels having failed after being reported fixed yesterday. In the
East, concluded business was reported at $6,55 and $6,50 on the West
Australia/Qingdao route, but sources also indicated without details that
late business had been done in the $6,40 range for mid-August dates. The
Baltic Capesize index closed the week down 15 to 1209.
From the Atlantic, Oldendorff reportedly fixed an NCS TBN for August 15-24
loading 160,000 tons 10% ore from Tubarao to Qingdao at $18,00.
Out of the Pacific, Rio Tinto was said to have taken a TBN for August 09-12
loading 160,000 tons 10% ore from Dampier to Qingdao at $6,55.
Another TBN has gone to Oldendorff for August 25-28 loading 170,000 tons
10% ore from Port Hedland to Qingdao at $6,50.
Atlantic rates dropped in the approach to the weekend, with US
Gulf/Turkey business seeing a supramax agree $16,800 daily for end-
July/early-August delivery. Spot business Morocco/Turkey via the
Continent paid $14,500 daily for an 18-year old vessel. From the
Continent, supramax tonnage agreed $6,500 daily to the US Gulf on prompt
business. The Pacific basin relied on new business from south-east Asia
today for what support there was. Owners were still conceding on rates to
find cover due to the abundant tonnage. Singapore/Thailand via Indonesia
business reportedly fixed subjects at $8,700 daily plus a small ballast
bonus. The Baltic Supramax index was off 30 to 1069, while the Handysize
index ended the week at 602, down 15.
The Atlantic market saw Noble fix the 2011-built 58,009 dwt Chang Hang Hao Hai
for end-July/early-August delivery aps Texas Gulf on a trip with redelivery
Turkey at a weaker $16,800 daily.
Oldendorff took the 1994-built 43,188 dwt Zena C for spot delivery Morocco on
a trip via the Continent with redelivery Turkey at $14,500 daily.
The 2003-built 50,329 dwt Speedwell will earn $6,500 daily from Clipper for
end-July/early-August delivery on the Continent for a trip with redelivery in
the U.S. Gulf.
From the Pacific, the 2005-built 52,489 dwt Thor Insuvi has reportedly
fixed on subjects with Klaveness for August 01-05 delivery Singapore on a
trip via Indonesia to Thailand at $8,700 daily plus a $120,000 ballast
It emerged that the 2011-built 56,582 dwt Bao Bright was recently fixed to an
undisclosed charterer for spot delivery Jintang on a trip via south-east Asia
with redelivery China at $5,000 daily.