Rates in the Panamax sector trended sideways for both basins today as
activity stayed quiet. In the Atlantic, there were some new trips out
quoted from the U.S. Gulf, but with some owners resisting any further
decrease in rates and with charterers still having a significant amount
of tonnage to choose from the market is unlikely to improve in the near
future. Pacific business was still quite quiet, and rates very dull. A
backhaul round via the U.S. Gulf paid $7,500 daily for spot business. The
Baltic Panamax index fell 10 to 804.
From the Atlantic, the 2001-built 74,492 dwt Alpha Harmony has gone to Louis
Dreyfus for September 12-20 delivery east coast South America for a trip with
redelivery Singapore-Japan at $14,250 daily plus a ballast bonus of $425,000.
The 2001-built 73,931 dwt Ecola has gone to Cargill for August 24-25 delivery
passing the Cape of Good Hope on a trip via east coast South America on a trip
with redelivery Singapore/Japan at $10,750 daily plus a $225,000 ballast
An unnamed charterer fixed the 2010-built 87,328 dwt Kambanos for August 22-27
delivery east coast South America for a trip with redelivery on the Continent
at $8,000 daily plus a $275,000 ballast bonus.
The 1994-built 72,873 dwt Premnitz was fixed to Norden late last week for
August 18-23 delivery Nordenham on a trip with 2-3 laden legs, first leg
via Murmansk, with redelivery Skaw-Cape Passero at $7,000 daily.
Voyage business in the Atlantic heard that the 1998-built 74,671 dwt Samjohn
Amity has gone to Priminds for September 27-October 06 loading 70,000 tons 10%
grain from the U.S. Gulf to China at $47,00.
The charterer also fixed the 1994-built 71,756 dwt Samjohn Light for the same
dates, cargo, route and rate.
SVS has the 2009-built Italic G for August 15-20 loading 80,000 tons 5% steel
slabs from Teesport to Thailand at $34,00.
The Pacific basin saw Daeyang take the 1999-built 72,893 dwt Future for spot
delivery Kushiro on a trip via the U.S. Gulf with redelivery Singapore/Japan
at $7,500 daily.
It emerged that the 2000-built 75,933 dwt Tina has gone to Cargill for August
14-19 delivery Longkou for a trip via Dalrymple with redelivery
Singapore/Japan at $5,000 daily.
A slow opening to the week for the Atlantic Capesize sector with rates still
under pressure. Today it emerged that Rio Tinto fixed several ships Friday
and today. The key Dampier/Qingdao run dropped to $6,70 late last week and held
steady at that number today. The Baltic Capesize index was off 11 to 1158.
Out of the Atlantic came word that STX Pan Ocean has the 2009-built Ianthe for
August 27-September 05 loading 160,000 tons 10% ore from Saldanha to Qingdao
In the Pacific, Rio Tinto fixed the 2011-built Cape Claudine for August 27-31
loading 160,000 tons 10% ore from Dampier to Qingdao at $6,70.
The charterer also took the 2010-built E.R. Beilun for the same dates, cargo,
route and rate.
In the Atlantic, some fixing and failing was noted for trip business with
numbers easing. There was new interest in period tonnage in the Atlantic today, with the
Baltic Exchange reported that spot business suffered in comparison to slightly more
forward dates. A very quiet start to the week in the Pacific, with a
Singapore/EC India run via Samarinda done at $7,500 daily for a supramax. The
Baltic Supramax index edged down 9 to 877, while the Handysize index was off 8
Out of the Atlantic, voyage business saw AC Toepfer take a TBN for August
20-25 loading 30,000 tons 10% corn from Santos to Bejaia at $24,50.
The charterer was also linked with a TBN for August 20-30 loading 30,000
tons 5% corn from UpRiver to Libya at $32,00.
Period business in the Atlantic saw the 2012-built 56,569 dwt K.Jasper
fixed to Oldendorff for August 13-18 delivery Lome for 3-5 months trading
with redelivery Worldwide at $10,500 daily.
In the East, ISL has the 2011-built 57,809 dwt Sandpiper Bulker for spot
delivery passing Singapore on a trip via Samarinda with redelivery east coast
India at $7,500 daily.