Panamax business was extremely quiet at mid-week, with rates very
positional. Long tonnage lists are exercising a dampening effect on the
market. An LME has reportedly fixed August 22-23 delivery in the U.S.
Gulf for a trip to the East at $14,750 daily plus a $500,000 bb. In the
East, owners are back to the wall, with too much available tonnage for
cargoes on offer. Demand for period tonnage remained very limited. The
Baltic Panamax index lost 28 to 840 today.
Out of the Atlantic, the 1999-built 75,584 dwt Pessada has fixed with Log-In
Logistics for August 11-14 delivery Vila do Conde in d/c for coastwise Brazil
trading including Fazendina, with redelivery Vila Do Conde at $15,300 daily.
The 2004-built 73,880 dwt Maritetta reportedly fixed on subjects with
MOSK for August 22-23 delivery in the U.S. Gulf for a trip with
redelivery Singapore/Japan at $15,000 daily plus a $500,000 ballast
The 2010-built 87,328 dwt Kambanos was linked with Beibu Gulf for August
22-30 delivery aps east coast South America on a trip with redelivery
Singapore/Japan at $14,750 daily plus a $500,000 ballast bonus.
The 2009-built 80,372 Lucky Sunday has gone to Oldendorff for September 02-07
delivery east coast South America on a trip with redelivery Singapore-Japan at
$13,750 daily plus a ballast bonus of $375,000.
Aquavita was said to be the charterer of the 2010-built 83,410 dwt
Glorious Wind for August 21-25 delivery aps Kamsar on a trip with
redelivery Aughinish at $6,000 daily plus a $175,000 ballast bonus.
The 2011-built 79,642 dwt King Hadley went to K2 for spot delivery Hamburg on
a trip via Murmansk with redelivery north Spain at $6,000 daily.
For voyage business in the Atlantic, SAIL has a TBN with September 01-10
loading 75,000 tons 5% coal from Newport News to east coast India at
Flame took the 1998-built Halo Cygnus for August 15-20 loading 70,000 tons 10%
coal from Riga to ARA at $6,80.
For Pacific Panamax business, KLine reportedly took the 2010-built 95,200 dwt
Maritime Century for August 10-20 delivery Indonesia for a trip with
Japan at $6,500 daily plus a ballast bonus of $85,000.
STX Pan Ocean agreed $6,000 daily for the 2002-built 75,735 dwt Vivian with
August 10-15 delivery Busan on a trip via NoPac with redelivery Southeast
The 2012-built 92,779 dwt POS Tuerkis will earn $5,000 daily plus a $300,000
ballsat bonus from Sinoeast for August 15-20 delivery aps east coast Australia
with redelivery China.
Another lackluster day for the Capesize sector. In the Atlantic, rates
came under increased pressure, and with fresh inquiry still very limited,
there appears to be little to look forward to. Voyage business from Seven
Islands to Rotterdam fixed at a lower $5,40. Out of the Pacific, rates
trended sideways on the lack of new business and a holiday in Singapore
tomorrow is not expected to improve matters. Port Hedland/Qingdao
business fixed at $7,15, while Oman/China agreed $8,45 for late August
business. The Baltic Capesize index fell 33 to 1204.
The Atlantic Panamax market saw the 2009-built 180,199 dwt Gracious Eternity
fix to Libra for August 08-12 delivery Richards Bay on a trip with redelivery
Mundra at $9,50.
TKS fixed a TBN for August 25-September 10 loading 170,000 tons 10% ore from
Seven Islands to Rotterdam at $5,40.
In the Pacific, Vale has a SwissMarine TBN for August 20-29 loading
150,000 tons 10% ore from Sohar to China at $8,45.
BHP Billiton took an MOL TBN for August 15-20 loading 170,000 tons 10% ore
Port Hedland to Qingdao at $7,15.
The 2000-built Seakoh went to Rio Tinto for August 22-26 loading 160,000 tons
10% ore from Dampier to Qingdao at $7,10.
Trans-Atlantic business in the Handy sector was being talked under
$10,000 daily for for USG/Continent runs today, but details of concluded
business were hard to come by. The Pacific basin saw some activity,
although confirmation was lacking. Rates appeared to be positional, with
some good numbers mentioned. South China/India via Indonesia was said
done at $8,000 daily but the vessel involved was not disclosed. A
Supramax was reportedly fixed S.Korea/W.Africa at $5,500 daily for the
1st 60 days and $10,000 for the balance - but again, the vessel was not
named. The Baltic Supramax index dropped 20 to 946, while the Handysize
index edged down 1 to 538.