Capesize (Atlantic and Pacific)
There was not much to report of positive news for owners. Market kept on dropping on both sides; in Atlantic front haul from Brazil to China was fixed at $17.75 while round settled just tick above 4k. Pacific West Australia/China route lost 30 cents over one week closing in the low $7 while from Newcastle It was reported fixture at mid $11 on Wednesday. With the bunker prices falling down, voyage rates have more room for coming off this week.
Panamax (Atlantic and Pacific)
Rate for Atlantic biz dropped down quickly due to the lack of fresh cargoes. Candidate in Gib could only get $9,000 daily for the biz within Atlantic. South American order was limited, which made rate for trip East being concluded at $14,500 daily +$450,000bb level. In the East, owner surrendered in mid week with so many LME being fixed at $5,000 daily+80,000bb level for Indonesia round. For longer trip like Australia biz, charterers were aiming around $5,000 daily + 300,000bb.Some charterers were still trying to secure candidates in Fareast for East Coast South America biz but they were rating vessels passing Singapore at only $9,000 daily. The market level for short period also trended down and fixtures were done at low $8,000 daily level by the end of the week.
Handy (Far East/Pacific)
Pacific Supramax rates were showed to keep further falling through the week. A slower activity with the coal export from Indonesia to India lead to less fixture agreed, all with aps load port rates at low daily time charter rates plus small ballast bonuses, lower rates agreed on inter Pacific business, while it was rumored that Supramax tonnage was booking a North Pacific round at $ 5,000 daily with delivery Far East. A 57,000 dwt tonnage agreed a low $ 4,500 daily basis delivery South East Asia for a trip with coal via Australia to India. Short period interest was still discussed for these sizes at daily rates generally decreasing to $ 10,000/9,500 daily even if major Korean operators were reported fixing a 57,000 tonnage at a better $10,500 daily for 3/5 months with spot delivery in China. Smaller handies faced a very slow activity.
Handy (North Europe/Mediterranean)
Fresh chartering enquiry was slow to emerge from this area, where charterers showed a little chartering interest both from North Europe and the Mediterranean-Black Sea regions, a small handy is agreed quite unattractive money for short period with delivery Black Sea where activity was extremely quiet. Perhaps it was one of the reasons due to which Danish operators were forced to agree a surprisingly high rate for a 31,000 tonner to load scrap from the Continent to the Eastern Med.
Handy (USA/N.Atlantic/Lakes/S.America)
Activity showed to slow done for tonnage loading out of Atlantic Americas. Very few fixtures were reported with a still not bad $24,000 daily agreed on a nice Supra for a trip from U.S.Gulf to Spain. However it was afterwards rumored that same has now become the level charterers are there to pay for trips from the same area into the Far East, in spite of the afterwards negative positioning for owners. South American market was more talks and fixing/failing with a single Supramax fixture reported agreed and no news abt the smaller handies trend.
Handy (Indian Ocean/South Africa)
Inside a generally dull market trend, a little more interest was seen for loading ex South Africa were smaller handies showed to catch much better numbers compared to Handymaxes. In the very quiet Indian sub Continent a Handymax was reported fixing a coastal iron ore trade on voyage basis at a level very similar to what she may have obtained loading the same commodity to the Far East.
Banchero Costa and Co Spa
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