Another quiet opening to the week for the Panamax market. Some fresh
inquiry was heard in the Atlantic, but not enough to compensate for all
the available tonnage. Charterers appear to have the reins firmly in
their hands. From the U.S.Gulf/East, late August business fixed at
$16,000 daily plus a $600,000 bb. For the Pacific basin, a lack of fresh
activity and too much tonnage continued to keep the market very dull. A
northwest Australia/WC India ore cargo was done at $18,50 for last
quarter August loading. The Baltic Panamax index lost 20 to open the week
In the Atlantic, the 2008-built 77,283 dwt Yuitai Ambitions has fixed with an
unnamed charterer for August 25-30 delivery in the U.S. Gulf for a trip with
redelivery Singapore-Japan at $16,000 daily plus a $600,000 ballast bonus.
Glencore fixed the 2001-built 75,121 dwt Archon for August 22-30 delivery east
coast South America on a trip with redelivery Singapore/Japan at $14,800 daily
plus a $500,000 ballast bonus.
The 2000-built 72,493 dwt Christina IV was fixed to Transgrain for August
delivery Port Said on a trip via the Black Sea and Iran with redelivery Port
Said at $11,750 daily.
An undisclosed charterer has the 1987-built 69,229 dwt Maria V for August
05-10 delivery Stade for a trip via the Baltic and India, with redelivery
passing Cape Town at $11,750 daily.
It emerged that the 2005-built 73,902 dwt Graecia Universalis fixed to
at the end of last week for August 16-22 delivery Manzanillo on a trip with
redelivery China at $8,000 daily plus a $550,000 ballast bonus.
Tata was the charterer of the 2010-built Nord Delphinus for August 13-19
loading 80,000 tons 10% ore from Kokkola to Immingham at $8,80.
A Norden TBN was reported fixed to Suek for August 11-15 loading 65,000
tons 10% coal from Murmansk to Rotterdam at $7,40.
Out of the Pacific, Sanex was linked with a TBN for August 20-30 loading
80,000 tons 10% ore from Port Latta to Kandla at $18,50.
Atlantic Capesize business was slow in the intro to the week, with
details of concluded business lacking. Pacific Capesize activity remained
dull today, with only ore cargoes for China providing most new
business. Rates for business on the Port Hedland/Qingdao run continued to
firm, with $6,95 done - although details of the ship involved were not
clear. The Baltic Capesize index opened at 1214 today, up 14.
From the Pacific, the 2005-built Ocean Shine went to Rio Tinto for August
16-21 loading 160,000 tons 10% ore from Dampier to Qingdao at $6,75.
The charterer is also said to have taken the 2010-built 175,837 dwt Golden
Zhejiang on subjects for August 20-25 loading 160,000 tons 10% ore from
to Qingdao at $6,75.
Supramax activity in the Atlantic was quiet and details were hard to come
by. A trip out from the U.S. Gulf to India paid $19,000 daily for spot
business. A 46,000-tonner reportedly fixed delivery Canakkale for 2-3
laden legs at $10,500 daily - but additional details were lacking. Also
heard was a report of US Gulf/Continent business done at $11,000 daily.
In the East, it was a very dull day of trading. Spot business agreed
$7,500 daily for a Rizhao/SE Asia via Russia. The Baltic Supramax index
was off 13 to 982, while the Handysize index lost 8 to 544.
Atlantic Handy business saw Norden agree $19,000 daily for the 2011-built
57, 045 dwt Ellie with spot delivery in the U.S. Gulf for a trip with
redelivery India at $19,000 daily.
The Pacific basin heard that Sinano fixed the 2010-built 56,920 dwt Heilan
Spring for spot delivery Rizhao on a trip via Russia with redelivery SE Asia