Capesize (Atlantic and Pacific)
The week saw a brief improvement in Far East market that resulted in almost $ 9.00 for West Australia to China iron ore trade. However, after that, the market was again softening because of too many ships open in the area. The BCI improved by only 71 points over the whole week and the 4 T/C routes improved by $ 1,622 daily. Period trading was still limited although there have been a few 180,000 dwt reported fixed at something around $ 12,500 for 4/6 months with prompt delivery Far East. At the end of the week there was again an improvement of the voyage and time charter rates in the Atlantic with rumors of fixtures being concluded at above $ 15,000 for T/a round voyage.
Panamax (Atlantic and Pacific)
Atlantic market kept almost unchanged compared to last week with Trans-Atlantic biz talked at $15,000 level and fronthaul trip from East Coast South America concluded at $22,000 to $23,000 for dop delivery or around $25,500 + $500,000bb for aps delivery. The Pacific market slided significantly, largely due to no fresh cargo requirement for spot vessels. By the end of the week, spot vessels in South China were being talked at $9,000 for Indonesia round and similar rate for W.Aussie round. Vessels open Japan can gain more for Nopac round, but just $10,000 level. There were some talks that the market would show an upward trend with more cargoes in later dates. Few owners were reluctant to fix at $12,000 level.
Handy (Far East/Pacific)
The activity in the Pacific Basin was still low, although there were talks about some fresh inquiries from Indonesia. A modern 56,000 dwt was fixed at $9,750dwt bss dely China redel India. Most of the other fixtures ex Indo were getting premiums for redel West Coast India. In Nopac was reported a 55,000dwt vessel fixed at $10,000 bss dely China redel Far East.
Handy (North Europe/Mediterranean)
The activity out of Continent improved a little bit during last week mainly for the scrap trade: a 43,000dwt was reported to be fixed at $20,000 dwt bss dely Liverpool redel East Med. The grain trade also showed slightly better rates; a Tess 58 fixed $17,000+100,000 bb vss dely retro Passero for a trip via Germany to Port Sudan redel Port Said. On the other hand, the Black Sea Market was slow and quiet. It was reported to be fixed a 33,000dwt bss dely Canakkale for tct via the Black Sea with steels redely USG.
Handy (USA/N.Atlantic/Lakes/S.America)
Trans-Atlantic market was stable. A few fixtures were reported for Handymax involved in scrap trading from US Atlantic to East Med at $25/26,000 level. A Trans-Atlantic vessel was reported fixed at $15,500 to Cont. ECSA market showed a little more activity with fresh enquiries from South America mainly to the Feast with sugar and agriculture products. A Tess 52 was reported to have fixed trip via South America bss dely fos redel Spore-Jpn rge at $19,000.
Handy (Indian Ocean/South Africa)
The market in the Indian Ocean was still low as monsoon kept hitting iron ore cargoes from West Coast India to China. No fixture have been reported for this trade. S. Africa market saw some fresh enquires of coal out of Richards Bay to India, but minerals to China was quiet and no higher rates were reported.
Banchero Costa and Co Spa
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