There was talk of some improvement in the Atlantic Panamax market today,
but the signs of any improvement were limited. As the weekend approaches,
the level of business remains dull. With the strike on Colombia now over,
there is hope of a flurry of new business from east coast South America.
From the U.S. Gulf there were new cargoes quoted, and rates appear to
have steadied for more forward business. From the Continent, fresh
inquiry was heard for business moving to the Persian Gulf and this may
help mop up tonnage from the area. However, owners and charterers are
still battling out where rates are going to end up and the market remains
quiet in the interim. In the Pacific, sources talked about new business
on offer, but details of concluded business stayed scarce. There was said
to be some new interest in period tonnage, but as yet little information
has surfaced. The Baltic Panamax index was unchanged today at 801.
The Atlantic Panamax market saw Bunge take the 1995-built 71,252 dwt Hui
Hong for September 05-10 delivery east coast South America for a trip
with redelivery Singapore-Japan at $14,500 daily plus a $500,000 ballast
The 1998-built Harvest Festival will earn $12,00 from Louis Dreyfus for August
17-23 loading 60,000 tons 10% wheat from Novorossiysk to the Egyptian
Cobelfret has the 2005-built Centurion for August 29-September 07 loading
75,000j tons 10% coal from Baltimore to Rotterdam at $10,50.
COSCO fixed a Swiss Marine TBN for August 24-28 loading 75,000 tons 10% coal
from Ventspils to Rotterdam at $6,50.
Pacific Panamax business saw Guodian take the 2006-built 75,740 dwt Maritime
Hareshio for end-August delivery aps Indonesia on a trip with redelivery South
China at $6,000 daily plus a $78,000 ballast bonus.
OBS was said to be the charterer of the 2004-built 76,801 dwt Rosco Plum for
August 18-20 delivery Lumut on a trip via Indonesia with redelivery South
at $6,000 daily.
Cargill agreed the same rate for the 2002-built 75,746 dwt Rosco Lemon for
August 20-25 delivery Dalian on a trip via Dalrymple Bay with redelivery
The Atlantic market saw a TBN fix at $12,55 for forward loading from
Saldanha to China. A trans-Atlantic run paid $6,75 for a TBN from Tubarao
to Rotterdam. Capesize business in the East trended sideways on the lack
of fresh inquiry and concluded business. The key West Australia/China
route saw $10,00 from Port Hedland and $6,70 from Dampier. The Baltic
Capesize index fell 15 to 1105.
Out of the Atlantic, Kumba has a Zosco TBN for September 1-10 loading 160,000
tons 10% ore from Saldanha Bay to China at $12,55.
STX Pan Ocean agreed $9,30 for a TBN with September 02-11 loading 165,000 tons
10% ore from Esperance to Qingdao.
TKS fixed a TBN for September 08-22 loading 170,000 tons 10% ore from
Tubarao to Rotterdam at an easier $6,75.
From the Pacific, the 2011-built TTMI-relet UBC Ohio has fixed with Atlas for
August 26-29 loading 100,000 tons 10% ore from Port Hedland to Qingdao at $10
STX Pan Ocean was said to be the charterer of the 2010-built 180,361 dwt Ocean
Duke for September 02-11 loading 165,000 tons 10% ore from Esperance to
Sinochart was linked with the 1995-built 151,049 dwt Ocean Dragon for
September 01-10 loading 150,000 tons 10% ore from Dampier to Qingdao at
Rio Tinto has a TBN for August 31-September 04 loading 160,000 tons 10%
ore from Dampier to Qingdao at $6,65.
The charterer is also said to have fixed on subjects a TBN for September 03-05
loading 160,000 tons 10% ore from Dampier to Qingdao at $6,60.
For Atlantic Handy business rates on Supramax tonnage saw some better
numbers talked today. A Turkey/India run paid $22,000 daily. From the
U.S. Gulf to Turkey, modern tonnage earned $12,600 daily. In the East,
Singapore/India business via Indonesia will earn $8,500 daily for spot
delivery. Period business of 4-6 months paid $9,000 daily for a supramax
with August 19-21 delivery. The Baltic Supramax index was off 9 to 847,
while the Handysize index lost 4 to 502.
Out of the Atlantic, the 2001-built 52,407 dwt Thor Independence has
fixed to an unnamed charterer for spot delivery Canakkale on a trip of a
minimum of 40 days duration, with redelivery India at $22,000 daily.
EFE has the 2012-built 58,000 dwt Global Oriole for spot delivery aps
Texas Gulf on a trip with redelivery Turkey at $12,600 daily.
Western Bulk Carriers has taken the 2012-built 55,768 dwt San Antonio for
end-Augusut delivery aps Santos on a trip via Jeddah with redelivery Port Said
at $10,000 daily.
Pacific Handy business saw Platina Bulkers take the 2004-built 55,389 dwt
Dubai Energy for spot delivery Singapore on a trip via Indonesia with
redelivery India at $8,500 daily.
An undisclosed charterer has taken a Rui Ning TBN for August 22-24 delivery
for a trip via southeast Asia with redelivery China at $7,250 daily.
Goodwill has the 2003-built 50,337 dwt Ken Sirius for August 19-21 delivery
on a trip via southeast Asia with redelivery China at $7,000 daily.
The 1998-built 27,287 dwt Sea Success went to Cargill for prompt delivery
Chittagong on a trip via east coast India with redelivery Indonesia at $3,500
For period business in the East, SK Shipping was linked with the 2001-built
52,193 dwt Bianco Bulker for August 19-21 delivery Jinzhou for 4-6 months
trading with redelivery worldwide at $9,000 daily.
An undisclosed charterer fixed the 2005-built 56,045 dwt Darya Bhakti for
August 15-20 delivery dop Lanshan for 3-5 months trading with redelivery
worldwide at $8,900 daily.
It emerged that Ultrabulk recently fixed the 2005-built 55,711 dwt Mimi Selmer
for spot delivery Japan for 4-6 months trading with redelivery worldwide at