Panamax business slid quietly into the weekend, with fresh inquiry slow
to emerge in the Atlantic. Ballasters to the US Gulf and east coast South
America continued to weigh on the markets there. A Cont/Liverpool via
Murmansk trip was reported done at $6,500 daily, but this rate is likely
unrepeatable now. With rates easing in the Pacific too, owners are still
willing to ballast away and chance the Atlantic. Typhoon weather may
bring a flurry of activity from China into the market next week if ships
are unable to make their laycans. The Baltic Panamax index was off 9 to
Out of the Atlantic, the 1995-built 73,081 dwt Ever Young went to Yangtze
Navigation for August 31-September 06 delivery South West Pass on a trip
via the U.S. Gulf with redelivery China at $15,500 daily plus a $525,000
Cargill was linked with the 2012-built 81,276 dwt Lyric Poet for August
25-Setpember 05 delivery east coast South America on a trip with redelivery
Singapore-Japan at $15,000 daily plus a $500,000 ballast bonus.
In a correction to an earlier report, it was the 1995-built 73,760 dwt Coal
Glory which fixed with Archer Daniels Midland for September 01-10 delivery in
the U.S. Gulf on a trip with redelivery South Korea at $14,750 daily plus a
ballast bonus of $500,000. The vessel was earlier incorrectly reported to be
the Coal Age.
Marida 2011 93267 dwt delivery Recalada 15/25 Aug trip redelivery Rotterdam
$8000 daily + $175000 bb - Azure
Transbulk was the charterer of the 1999-built 73,941 dwt Genco Leader for
August 12-15 delivery Immingham on a trip with 2 laden legs, 1st leg
Trombetas/Pnt Comfort, and redelivery Skaw-Cape Passero at $8,000 daily.
The 2001-built 74,540 dwt Marichristina will earn $6,500 daily from Oldendorff
for August 16-19 delivery Amsterdam on a trip via Murmansk with redelivery
Pacific Panamax business saw an undisclosed charterer take the 2009-built
Fortune Iris for August 12-18 delivery Paradip on a trip via east coast South
America and redelivery Singapore/Japan at $8,500 daily.
Panacore has the 1997-built 73,740 dwt Carola for spot delivery Hong Kong on a
trip via east coast Australia with redelivery east coast India at a low $6,250
Atlantic Capesize business was quiet again today, with rates still under
pressure and owners giving ground. Tubarao/Qingdao business paid about
$17,25, while PDM/Taranto saw an easier $6,57. There was an uptick in
Pacific activity today as some of the major players jumped back into the
market. However, this was not sufficient to support rates and they eased
again. West Australia/China business was done as low as $6,70 today. Some
renewed interest was reported for period tonnage, but details were
lacking. The Baltic Capesize index fell 23 to 1169 today.
In the Atlantic, Noble fixed a TBN for August 17-28 loading 160,000 tons 10%
ore from Tubarao to Qingdao at $17,25.
Ilva has a CosBulk TBN for September 01-10 loading 170,000 tons 10% ore from
Ponta Da Madeira to Taranto at $6,57.
From the Pacific, the 2010-built 174,757 dwt Spring Bright has gone to STX Pan
Ocean for August 12-14 delivery Rizhao on a trip via Hay Point with redelivery
China at $4,500 daily.
BHP Billiton was linked with an EDF TBN for August 23-30 loading 170,000 tons
10% ore from Port Hedland to China at $6,80.
The 2012-built Sinochart-relet Winning Diligence was said fixed to the same
charterer for August 21-23 loading 160,000 tons 10% ore from Port Hedland to
China at $6,75.
Another day of easing rates for Supramaxes in the Atlantic. Trans-Atlantic
business saw modern tonnage fix a USG/Med trip at $13,250 daily. Handysize
tonnage fared about the same, with some steady numbers reported. A 14-year
old 31,000-tonner went for a Tampa/Turkey trip at $10,500 daily. The Baltic
Supramax index fell 20 to 886, while the Handysize index edged down 4 to 531.
For Atlantic Handy business, the 2008-built 58,663 dwt Senorita has gone
to Cargill for August 13-20 delivery in the U.S. Gulf for a trip with
redelivery in the Eastern Mediterranean at $13,250 daily.
The 2007-built 55,808 dwt Nord Leader has gone to Oldendorff with spot
Recalada for a trip with redelivery Singapore/Japan at $12,500 daily plus a
$210,000 ballast bonus.
Noble was said to be the charterer of the 2005-built 56,000 dwt Freedom
Lion for August 10-15 delivery Ponta Da Madeira on a trip with redelivery
India at $12,000 daily plus a $200,000 ballast bonus.
The 1998-built 31,744 dwt Apuana D was fixed to Pacific Basin for prompt
delivery aps Tampa on a trip with redelivery Turkey at $10,500 daily.
Pacific business included word of the 2011-built 56,757 dwt Mingzhou 78 fixing
with an unnamed charterer for spot delivery Singapore on a trip via Indonesia
with redelivery India at $7,100 daily.
The 2012-built 57,000 dwt Ever Progress was reported fixed on subjects to an
undisclosed charterer for spot delivery Nantong on a trip via South Korea with
redelivery SE Asia at $6,800 daily.