Capesize (Atlantic and Pacific)
Week started with little slow down with another rebound at the end BCI is very close to the historical record of 16th August (10,010 points) reaching 9,996 points. Market had many fixtures for China / Brazil / China at incredible levels, rumors about fixture of modern 179k at $130,000 daily. The number of vessels in Atlantic remains very tight.
Panamax (Atlantic and Pacific)
The week started quite in the Panamax market but we saw an increasing demand as the week progressed. Many ''spot'' ships have been fxd in the Atlantic and there is fresh inquiry for period business in both basins, so the feeling is optimistic. Also in the Pacific demand for period business is under pressure and rates are decreasing slowly but trend id positive.
Handy (Far East/Pacific)
During this week we have seen very high rates, still going up both for the trip back to Cont - Med both for the round voyages via Aussie or NoPac. Have been recorded a lot of fixture for medium - long period and the inquiry for this kind of employment remain high and strong.
Handy (North Europe/Mediterranean)
Week showing a strong activity between Cont and Med , which is the only route recording higher rate in this area. We have recorded lower rates for the trip out from Black Sea - Mediterranean to Singapore - Japan and, partially, also on the trip to US Gulf - Central South America and transatlantic round voyage.
Handy (USA/N.Atlantic/Lakes/S.America)
There was an important softening in rates from this area, especially for the trip to Continental Mediterranean. Since the beginning of the week Handymax and Supramax reported a loss of about $10,000 daily, and, proportionally, the Handysize did the same. After the hurricane dean there is a big number of ships in this area, so probably this trend will remain also for next week. From South America market remain very high, even if with lower rates than last week.
Handy (Indian Ocean/South Africa)
This week have been reported many fixtures from India to Far East, with high and steady rates.
Banchero Costa and Co Spa
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