Capesize (Atlantic and Pacific)
The market turned again downward after the previous upward trend. There were also a few reported fixtures. Compared with previous week, the BCI lost 197 points and the 4 Time Charter routes dropped by $2,439 daily to $11,500 level. In the Atlantic, Brazil/China rates were still around $20.00 for Tubarao/Qingdao and Bolivar/Rotterdam had been done at $10.80. Trans-Atlantic RV was around $12,500 daily range. In the Pacific, the West Australia/China went below $8.00 for end July/beginning August dates. Short period rates were in the $12,000/mid $12,000's range for 4-6 months.
Panamax (Atlantic and Pacific)
The Atlantic market started dropping down after an extremely firm week. Thia was mainly due to the number of vessels ballasting from the East. TransAtlantic round voyage was talked in the mid teens while charters tried to pay less. Rates for fronthaul business from East Coast South America hovered at very low $20,000. The Pacific side was still struggling and rates remained low due to the long list of open vessels and insufficient number of cargoes. The short Indonesia round voyage was done between $8,500 and $9,500 for normal LME in South China while vessels in Japan could get the same rate for Nopac or East Aussie round voyage. Short period biz was talked at $12,000 with a small number of owners willing to do it.
Handy (Far East/Pacific)
The activity in the Pacific was quiet. Supramax rates were reported at around $10,000 diot for Indo RV and also for trip via Indo redely EC Indo while redely WC Indo still deserved a premium. Nopac RV was reported at around $9/10,000 depending on the redely. On the period there were rumors of a Misui 55 reported fixed for 3/5 mos redel ww at around $12,500 diot, but still not confirmed. While on longer period a Tess 52 reported to have fixed 1 yr at $13,100 diot.
Handy (North Europe/Mediterranean)
The market in Continent was quiet with Supramax traded at around 14/15,000 Usd level for the usual scrap run to East Med. On the Handysize a 32,000 dwt was reported at $13,000 diot bss dely Ghent tct Wisth scrap redel East Med. On the grain trade a 47,000dwt reported at $16,000 diot bss dely Klaipeda tct via red sea redely Port Said.
Handy (USA/N.Atlantic/Lakes/S.America)
Rates out of the USG/NC South America to the Med/Cont for Supramax size this week were still strong. A Dolphin 57 reported to have fixed usual iron ore bss aps Orinoco River for trip to the Cont at $27,750 diot, while a 53,000dwt was reported to be fixed at $14,000 bss pass Gib for Trans-Atlantic RV. At the end of the week another 57,000dwt (Hermanns) fixed at $25,000 bss aps USG redel Italy, a little lower compared to the other rates seen at the beginning of the week. ECSA market was still strong with good rates seen for the trip to Feast at around $19/20,000 + bb bss aps EC South America redel Feast.
Handy (Indian Ocean/South Africa)
The Indian Ocean market was still flat, no fixtures were reported so far as prove of lack of activity out of both of the Indian coast and also from the Persian Gulf.
Banchero Costa and Co Spa
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