Another slow Monday in the Panamax sector, with pressure said to be
mounting on rates in the East. For Pacific business, reports of NoPac
rounds showed positional rates, with $6,500 daily agreed for early-August
delivery Zhangjiagang and a higher $7,750 for CJK delivery. There was a
rumour of modern tonnage fixing end-July Kunsan at $8,000 daily - but
this could not be confirmed. The Baltic Panamax index lost 21 to 1010
Out of the Atlantic came word that Ultrabulk took the 2005-built 76,469
dwt Medi Baltimore for August 13-18 delivery Santos for a trip with 2
laden legs, 1st leg Sepetiba/US Gulf, and redelivery Skaw-Cape Passero at
$9,500 daily plus a ballast bonus of $275,000.
Windrose has the 2006-built 87,036 dwt Stalo for August 10-15 delivery
east coast South America for a trip with redelivery Skaw-Cape Passero at
$9,000 daily plus a $200,000 ballast bonus.
In voyage business, Vatenfall agreed $15,25 for the 2010-built Leto with
20-30 loading 70,000 tons 10% coal from the Mississippi River to Moneypoint.
Pacific Panamax business included reports of the 2009-built 82,211 dwt Nord
Venture going to an undisclosed charterer for August 02-03 delivery Haldia on
trip via east coast South America with redelivery Singapore-Japan at $10,250
The 1998-built 72,731 dwt Hua Shan Hai will earn $7,800 daily from Jaldhi for
July 31-August 05 delivery Haldia on a trip with redelivery China.
The 1995-built 70,153 dwt Powhatan went to the same charterer for July
31-August 05 delivery Karaikal on a trip with redelivery China at $6,000
Norden was linked with the 2007-built 82,191 dwt Safe Voyager for July
30-August 04 delivery CJK on a trip via NoPac with redelivery China at
The 2005-built 74,432 dwt Catalina was reported fixed to STX Pan Ocean for
August 01-05 delivery Zhangjiagang on a trip via NoPac with redelivery South
Korea at $6,500 daily.
There was an extreme lack of business done in the Capesize sector today.
In the Atlantic and the Pacific, charterers appeared to be uninterested
in fixing and owners are facing both mounting tonnage and weakening
rates. For Atlantic voyage business, a Tubarao/Qingdao ore cargo paid
$18,00 for late August loading. The Pacific basin held steady on the lack
of direction, with $6,40 seen again for Dampie/Qingdao business on mid-
August loadings. The Baltic Capesize index fell 9 to open the week at
From the Atlantic, the 2012-built Mineral Honshu was reported fixed to
Louis Dreyfus for August 25-28 loading 160,000 tons 10% ore from Tubarao
to Qingdao at $18,00.
The Pacific basin saw Rio Tinto take the 1999-built CSK Beilun for August
loading 160,000 tons 10% ore from Dampier to Qingdao at $6,40.
The charterer also fixed the 2012-built Stella Charlene for August 13-17
loading 160,000 tons 10% ore on the same run at the same rate.
Atlantic Supramax business was described as steady/easing today in very
light activity. Where good numbers were seen, sources indicated the
business, vessel or delivery warranted a premium. From east coast South
America, a trip out to China via Tunisia paid $18,000 daily for an LME. A
trip out from the US Gulf to Singapore/Japan has been done at $22,750
daily. There were rumours of a trip out, US Gulf to China, done under
$20,000 daily, but this could not be verified . The Pacific basin was
also under pressure today, and only limited new business on offer.
Malaysia/India business via Indonesia paid $12,000 daily for a supramax.
A modern handysize earned $8,000 daily for a Fangcheng/Japan run via
Vietnam. The Baltic Supramax index was off 22 to 1047 today, while the
Handy index dropped 9 to 593.
Atlantic Handy business saw the 1998-built 47,229 dwt Alpena fix to UST for
August 05-10 delivery Iskenderun on a trip with redelivery Chittagong at a
It emerged that the 2009-built 58,163 dwt King Freight was recently fixed to
Oldendorff for spot delivery in the US Gulf on a trip with redelivery
Singapore-Japan at $22,750 daily.
North China Shipping agreed $18,000 daily for the 2008-built 50,292 dwt
Saturnus for spot delivery Ravenna on a trip via Tunisia with redelivery
Ultrabulk recently took the 1996-built 45,496 dwt Anton Topic for August 01-05
delivery North Brazil on a trip with redelivery on the Continent at $11,000
daily plus a $150,000 ballast bonus.
In recent Pacific business, the 2011-built 58,000 dwt Belocean was fixed
to Pacific World Shipping for August 01-05 delivery Kuantan on a trip via
Indonesia with redelivery India at $12,000 daily.
It emerged that an unnamed charterer took the 2010-built 58,020 dwt Mycenae
recently for spot delivery Thailand on a trip via Indonesia with redelivery
India at $10,800 daily.
Also undisclosed was the charterer of the 2011-built 32,000 dwt Yangtze
Flourish, taking the vessel for end-July/early-August delivery Fangcheng for a
trip via Vietnam with redelivery Japan at $8,000 daily.