Capesize (Atlantic and Pacific)
The Pacific market level eased down a bit compared to the beginning of the week: $7.80 was reported fixed by Rio Tinto for a West Coast Australia round. Generally speaking tonnage available remained huge compared with the enquiries. The Atlantic market was also under pressure as a Colombia to Continent business was reported fixed at $9.10 while $20.40 was done for fronthaul. It was worth noticing again good interest on short period: activity was concentrated on the 4/8 months duration with first 20/30 days index linked and balance in the low $12,000.
Panamax (Atlantic and Pacific)
The Atlantic market finally rebounded, after bottoming by mid-week and largely pushed by the fronthaul cargo ex East Coast South America. Rate for business out went up to $15,000+500kbb aps dely Brazil. The Trans-Atlantic business also increased to $9,000+250kbb thanks to the fresh cargo in Atlantic. The USG/USEC business improved even higher due to the scarcity of suitable candidates in position. The Pacific was still very slow and might go down further due to a lack of cargo from both Nopac and Indonesia. More owners were forced to ballast. The LMEs in Japan could only get $7,500 to $8,000 daily for Nopac round and vessels in S.China were evaluated at $7,000-$8,000 daily level for Indonesia round. Short period market was soft and the market level was talked as $10,000.
Handy (Far East/Pacific)
The Handy market improved further due to strong coal exports from Indonesia and additional demand to load Nickel ore from Southeast Asia to China. Supramax timecharter rates on this trade improved through the week from $8/9,000 daily level to over $10,000 daily and $12,000 daily was agreed on a vessel delivering China. Positive reflections were seen also in North Pacific with round rates for Supras well in excess of $10,000 daily with delivery East. The period interest was slower with just a 32,000 tonner reported booked at $9,000 daily for 3 to 4 months commitment. Handysize as well as Handymax tonnage showed a small improvement on single trips, compared to previous week's levels.
Handy (North Europe/Mediterranean)
There was still little demand for tonnage to load ex North Europe in the market. A modern Handy was booked slightly over $7,000 daily to move sulfur from North Continent to West Coast Central America. This may end up in a good deal for owners considering the vessel's next employment: nowadays the Handysize iron ore trade from West Coast Mexico to China is firmer than other routes. The Black Sea remained dull with very small amount of business, poor rates were reported for the backhaul business and grains to the Egyptian Med.
Handy (USA/N.Atlantic/Lakes/S.America)
The South American market kept going similarly to the previous week's trend: Handysizes were fixing good money for grain trips to Europe and no Transatlantic deals reported for Supramaxes which kept fixing reasonable rates for trips to the East. The USG started to show that Handymax and Handysize were booking Transatlantic at similar rates to what Supramaxes have been paid during the previous week, and ended up confirming that Supramax rates from this area were improved. Rates for East bound trips climbed over the $20,000 daily and the Transatlantic business reached the $12,000 daily level. A trip from North Coast South America to West Coast South America was reported at $13,000 and mid $12,000 was agreed for short period delivery in the USG.
Handy (Indian Ocean/South Africa)
Chartering interest from the Middle East Gulf resumed through the week. At the beginning of the week an Handymax agreed $9,000 daily with prompt delivery and afterwards a Supramax was fixed well over $11,000 daily with delivery West Coast India. A South African coal round was booked at $11,000 daily while rates for business via South Africa to Far East were still unattractive. Rates for India/China straight iron ore trips stayed below $10,000 daily level.
Banchero Costa and Co Spa
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Internet: www.bancosta.it