The pressure built again for Atlantic Panamax business, with fresh
inquiry still extremely limited and rates easing yet again. Charterers
continued to have their pick of vessels ballasting from the East and as a
result new business from east coast South America and the US Gulf saw
lower rates. For Pacific Panamax business, owners no longer find
ballasting to the Atlantic a sure thing , and with new business slow to
emerge, they appear more eager to cede on numbers to find cover. The
Baltic Panamax index fell 28 to 954 at midweek.
For Atlantic Panamax business, the 2011-built 83,375 dwt Key Integrity was
reported fixed to Cargill for August 06-10 delivery in the U.S. Gulf for a
with redelivery in the Far East at $16,000 daily plus a $615,000 ballast
Cargill was also linked with the 2008-built 83,690 dwt Medi Sentosa for August
20-30 delivery in the U.S. Gulf on a trip with redelivery Singapore-Japan at
$16,000 daily plus a $550,000 ballast bonus.
The 2009-built 77,171 dwt Nord Luna will earn $16,000 daily plus a
$600,000 ballast bonus from STX Pan Ocean with August 10-20 delivery in
the U.S. Gulf for a trip with redelivery Singapore-Japan.
The 2003-built 75,318 dwt Ocean Life has fixed to Raffles for August 24-26
delivery east coast South America on a trip with redelivery Singapore/Japan at
$15,250 daily plus a $525,000 ballast bonus.
HMM has reportedly fixed on subjects the 2000-built 73,981 dwt Blumenau
for August 10-15 delivery Brazil on a trip with redelivery Malaysia at
$15,000 daily plus a $500,000 ballast bonus.
The 1996-built 73,008 dwt Barito will earn $9,825 daily from Louis Dreyfus for
August 04-09 delivery Glasgow on a trip via the Baltic and Saudi Arabia with
redelivery Port Said.
Glencore was the charterer of the 2010-built 79,607 dwt Betis for August 11-16
delivery Recalada on a trip with redelivery in the Egyptian Mediterranean at
$9,000 daily plus a $287,500 ballast bonus.
Atlantic Coal & Bulk was said to have taken the 2011-built 93,000 dwt
Nadine Venture for August 10-11 delivery Antwerp on a trip via Murmansk
with redelivery Israel at $9,000 daily.
Out of the Pacific came word that the 2010-built 79,775 dwt Shou Shan has
to an Indian charterer for August 05-10 delivery Zhoushan on a trip via
with redelivery west coast India at $7,000 daily.
Marubeni proved to be the charterer of the 2001-built 75,201 dwt Tian Du Feng
for August 09-15 delivery aps NoPac for a trip with redelivery Japan at $9,000
daily plus a $410,000 ballast bonus.
Flame fixed the 1997-built 73,981 dwt Hellenic Wind for spot delivery
Machong on a trip via Indonesia with redelivery east coast India at
In voyage business, SAIL has reportedly taken the 2000-built 74,271 dwt Tian
Song Feng (or sub) for August 15-20 loading 75,000 tons 5% coal from Hay Point
to east coast India at $16,00.
In the Atlantic, there was very little activity reported done and rates were
said to be trending down. A tough day for the Pacific Capesize market with
rates on the key West Australia/Qingdao run fixing well below last dones. The
Baltic Capesize index lost another 13 to 1181.
For the Atlantic, Noble was said to have taken a TBN for August 20-30 loading
160,000 tons 10% ore from Tubarao to Qingdao at $17,75.
In the Pacific, Pacific Bulk has a Chinese TBN for August 12-17 loading
tons 10% ore from Esperance to Qingdao at $9,20.
Rio Tinto was said to have fixed on subjects the 2001-built 174,261 dwt
Cargill-relet S.A.Altius for August 14/onwards loading 160,000 tons 10%
ore from Dampier to Qingdao at $6,35.
The charterer also took on subjects the 2009-built 170,500 dwt Battersea for
mid-August loading 160,000 tons 10% ore on the same route at the same rate.
The Atlantic saw some talk of S.Africa/East business having fixed at
$8,000 daily plus ballast bonuses of around $200,000-$250,000 - but
details of concluded business were lacking. Continent/N.Africa business
paid $16,000 daily for modern tonnage. In the East, there were reports of
period business having been done, but again details were lacking. Spot
business paid $6,500 daily for a China round via SE Asia. The Baltic
Supramax index edged down 9 to 1023, while the Handysize index was off 13
The Atlantic market heard that D'Amico fixed a Supramax TBN for August
05-10 delivery on the Continent for a trip via the lower Baltic with
redelivery Annaba at $16,000 daily.
NOM UK Ltd has the 2008-built 28,345 dwt Praetorius for August 05-10 delivery
aps Houston on a trip with redelivery Lagos at $15,000 daily.
Pacific business included reports of the 2012-built 54,000 dwt Victoria 7
to an undisclosed charterer for spot delivery Lanshan on a trip via southeast
Asia with redelivery China at $6,500 daily.
Also unnamed was the charterer of the 2002-built 52,828 dwt Kang Hing for
August 02-04 delivery Singapore on a trip via Indonesia with redelivery
China at $11,000 daily.