There was a stronger market in the Atlantic today, driven by new demand for
trips out. There was some fresh inquiry on trans-Atlantic runs with rates
steady but uninspired. It was still a very quiet market in the East, with
rates trending sideways in the absence of direction. Interest in period tonnage
remained, with short periods of 4-6 months trading said to have been done in
the $14,000-$14,500 daily range. The Baltic Panamax index gained 24 to 1735
Out of the Atlantic, the 1998-built 73,498 dwt Hamburg Max has gone to Cosbulk
for October 05 delivery Southwest Pass on a trip with redelivery
Singapore/Japan at $25,250 daily plus a $525,000 ballast bonus.
It was not clear who was the charterer of the 2004-built 76,801 dwt POS
Dignity, but the charterer reportedly took the vessel for end-September
delivery in theU.S. Gulf on a trip with redelivery China at $25,000 daily
plus a $525,000 ballast bonus.
The 2003-built 76,629 dwt Pantazis L has fixed to Cargill for spot delivery
Fos on a trip via Kamsar with redelivery San Cyprian at $15,000 daily.
Cobelfret has the 2000-built 73,747 dwt Jian Hua for September 20-24 delivery
Cape Passero on a trip with 2 laden legs, first leg Kamsar/Point Comfort, with
redelivery Skaw-Cape Passero at $14,500 daily.
Oldendorff agreed $14,250 daily for the 2000-built 74,381 dwt Clipper Emperor
with September 19-21 delivery Rotterdam on a trip via the Baltic with
redelivery UK-Continent range.
The 2010-built 83,410 dwt Glorious Wind went to an unnamed charterer for
September 17-22 delivery Rotterdam on a trip via the Baltic with redelivery
UK-Continent range at $14,000 daily.
Also undisclosed was the charterer of the 2008-built 75,500 dwt Ogna, taking
the vessel recently for September 13-15 delivery Cape Passero on a trip with 2
laden legs and redelivery Skaw-Cape Passero at $13,500 daily.
Pacific Panamax business included word that the 2010-built 79,474 dwt Golden
Empress fixed to an undisclosed charterer for September 16-21 delivery
Zhangzhou on a trip via Indonesia with redelivery Singapore-Japan at $14,000 daily.
For period business in the East, Cargill reportedly fixed the 2001-built
74,297 dwt Hephaestus for September 14-16 delivery Lianyungang for
4-6 months trading with redelivery worldwide at $14,500 daily.
An unnamed charterer was said to have taken the 2005-built 76,000 dwt Mineral
Star for September 19 delivery Japan for 4-6 months trading with redelivery
worldwide at $14,000 daily.
Taipower was in the market again today, fixing 2x KLine TBN's for October
18-31 and October 16-25 loading 80,000 tons 10% coal from Gladstone and Samarinda
respectively to Kaohsiung at $13,70 and $6,88 each.
The charterer also has 2x Transbest TBN's for October 09-19 and October 15-24
loading 80,000 tons 10% coal from Samarinda and Tanjung Bara respectively to
/Kaohsiung at $7,22 and $6,66 each.
It was a quiet day at mid-week for the Capesize sector. Tighter tonnage in
the Atlantic helped rates hold at last dones. Trips out Tubarao/Qingdao held
around $27,50-$28,50. In the East, there was said to have been a flurry of activity
on the Port Hedland/Qingdao run in the high-$11,00 range, but details were
withheld. Dampier/Qingdao business was being talked in the $11,70 range.
There was still some interest in period tonnage, with 2-years trading said to have
seen $16,500 daily. The Baltic Capesize index was up 33 today at 3342.
From the Atlantic, it emerged that Noble has relet the 2002-built 170,578 dwt
Bulk Australia to an undisclosed charterer for end-September delivery
Hunterston on a trans-Atlantic round with redelivery Skaw-Cape Passero at $31,000 daily.
Noble fixed the 2002-built 170,578 dwt RWE-relet Bulk Australia yesterday for
end-September delivery Hunterston on a trip with 2 laden legs and redelivery
worldwide at $26,000 daily.
In voyage business, STX Pan Ocean was linked with the 1998-built 186,876 dwt
Xinyuan Hai for October 09-18 loading 160,000 tons 10% ore from Tubarao to
Qingdao at $28,50.
The 2010-built ZOSCO Quzhou was said fixed to Oldendorff for October 15-31
loading 160,000 tons 10% ore from Tubarao to Qingdao at $27,50.
The same charterer has the 2011-built Swiss Marine-relet Blue McKinley for
October 01-10 loading 160,000 tons 10% ore from Tubarao to Gijon at $14,25.
NEU reportedly took a TBN for October 01-12 loading 150,000 tons 10% ore from
Itaguai to Port Talbot and Immingham at $18,50.
In the Pacific it emerged that BHP Billiton took 2 x TBN's yesterday for
end-September/early-October loading 170,000 tons 10% ore from Port Hedland to
Qingdao at $11,65 and $11,60 respectively.
The charterer also fixed the 2004-built Cyclades Tuesday for September
27-October 04 loading 170,000 tons 10% ore from Port Hedland to Qingdao at
Handy business in the Atlantic held steady today, with rates for fronthaul
business in the low-$30,000's daily range for supramaxes. A trans-Atlantic
run has been done at $25,000 daily for USG/Continent business. Rates were a touch
firmer in the East, with better numbers reported done to east coast India, but
details have yet to surface. There was said to be fresh interest for period
ships, with 1-years trading reportedly seeing $11,800 daily for a modern
handysize - but again, details were elusive. The Baltic Supramax index added
9 to reach 1426, while the Handysize index edged up 4 to 690.
For Atlantic Handy business, Noble has the 2006-built 55,800 dwt K.Opal for
mid-September delivery in the U.S. Gulf for a trip with redelivery
Singapore-Japan at $32,500 daily.
D'Amico has the 2011-built 57,970 dwt Spar Corvus for spot delivery in the
U.S. Gulf on a trip with redelivery on the Continent at $25,000 daily.
It emerged that the 1998-built 45,146 dwt Spar Cetus was recently fixed to an
unnamed charterer for spot delivery Nemrut Bay on a trip via the Black Sea and
the Persian Gulf with redelivery passing Muscat outbound at $24,000 daily.
PCL agreed $15,500 daily for the 2010-built 57,000 dwt Vega Aquarius for spot
delivery Lome on a trip with 2-3 laden legs and redelivery in the Atlantic.
Western Bulk Carriers was linked with the 2001-built 50,175 dwt Virginia for
spot delivery Tema on a trip with 2-3 laden legs and redelivery in the
Atlantic at $15,250 daily.
ABT was said to be the charterer of the 2008-built 54,000 dwt Delos Ranger for
prompt delivery Gibraltar on a trip via Orinoco with redelivery on the
Continent at $15,000 daily.