Capesize (Atlantic and Pacific)
The Capsize market remained at low levels last week until the end of the week as a couple of business was done at good levels which give some positive sentiment for the incoming week. Situation remained unchanged for Pacific trade, with a vessel reported fixed at around $7.85/mt for the usual W. Australia/China route. A vessel for an Australian round on TCT basis was fixed at around $15,000/d. In Atlantic, the market was very quiet and transatlantic round level reported was slightly below $20,000/d. On FrontHaul market, a vessel was fixed at the high $19.00/mt for the Tubarao/Qingdao trade after report howing a couple of ships have been fixed at around $19.75/mt.
Panamax (Atlantic and Pacific)
The Week started slowly as charterers reaching the market without rush of fixing. Both basins are in similar conditions with a longer and longer list of available prompt tonnages not supported by a fresh injection of business. Somebody claimed orders are there, but hidden, and this is the usual game of shadowing that drives the market at softer rate levels. The Atlantic prompt deals on the rounds are fixed at around $16,000/d from the continent, while a few trips out reported have been done in region $17,000/d + 700,000bb aps USG and $24,500/d from the continent. Owners in the NoPac were increasingly considering the choice of ballasting again towards USG as market levels were only between $13-15,000/d on the rounds, depending on vessel specs and especially delivery. Period business trading is minimal, but still rated by some player on the year basis.
Handy (Far East/Pacific)
A larger amount of activities in the area driven mostly by spot stems loading out of Indonesia. Agreed rates for Supramax were kept at level similar to last done, with some adjusted money concluded according to specific positions. The increased chartering interest allowed some of the vessels open at EC India to fix Indo. coal rounds at $10,500/d with dely on dop, while a larger eco type was booked at $19,500 with dely in the area back to EC India and a couple of other Supramaxes were booked at $11,000- 11,250/d with delivery on dop EC India to carry bauxite ex-Indo. to India. Trips from SE Asia to FEast showed a variety of agreed rates on Supramaxes linked to specific reasons. A vessel was agreed at $17,000/d from S'pore via Indo. with bauxite to China as another at $13,500/d from N.China via Indo. back to N.China with nickel ore. Interest for Supramax short period also increased. $12,250/d was the rate agreed for 3/5 months basis delivery N. China, while $12,000/d was on a larger unit for 6/8 months dely Shanghai area and $12,500/d for basis dely Jingtang for 2/3 laden legs. Interest to load larger Handies from NoPac showed a Tess 52 agreeing at $10,800/d ex-Central China to load ex-NoPac a scrap cargo to SE Asia and a 45,000 tonner agreed at $9,750/d ex-Japan to load grains from same area to the FEast. Also a 55,000 dwt got $12000/d from N.China to Persian Gulf. Smaller sizes proved to be more worthy with a 33,000 tonner getting $9000/d for 4/6 months dely Thailand and a 38,000 dwt agreed at $10,250/d dely China for an Austr. round voyage.
Handy (North Europe/Mediterranean)
Very few news was available about fixtures reported concluded from this area where a larger number of fixtures were rumored to have been done and yet with details carefully kept confidential to limit market room for any increase. Just two Handymaxes were reported done from W.Med to W.Africa with clinker cargoes at a good $16,000/d and $15,500/d. Otherwise fronthaul and backhaul business from N.Europe and BSea stayed at firm levels quite in line with previous week's deals and no period interest was seen.
Handy (USA/N.Atlantic/Lakes/S.America)
Although some "ups-and-downs" were seen through the days, the Supramax and Handysize market from the USG still stayed on firm levels similar to the previous week, with however Handysize liftings attracting more interest. A 49,000 tonner was booked for 3/5 months period and redel Atlantic at $15,000/d while a 32,000 modern type got $19,500/d to parry petcoke from USGulf to Ghent. The week ended with a 54,000 tonner booked from the USG to WCCAm at a better $27,000/d. Better rate was also seen from the $16,000/d agreed on a Tess 52 with dely W.Africa to perform a trip via S.America to the FEast. In contrast a smaller 32,000 tonner delivering at the same loading area got only $8,750/d for a trip with grains to Morocco, showing that the Handysize market from S.America still kept struggling without better earnings to owners.
Handy (Indian Ocean/South Africa)
A firmer $12,000/d was agreed on a 55,000 tonner fancy type to perform a trip the Arabian Gulf to EC India, where on the prevailing market owners later should be able to grab a decent rate for business loading ex-Indo. In comparison the $11,200/d rate agreed with a slightly larger boat to perform a short period with a similar dely was not so good. No more activity was seen circulated from the area both for Supramax and Handysizes.
Banchero Costa and Co Spa
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