Capesize (Atlantic and Pacific)
Last week the Capesize market trended once more sideways registering small movements on the key routes. The Atlantic basin was more active at lower levels even if there was the feeling, in particular at the end of the week, which somehow charterers had to pay something more to secure tonnage for Fronthaul from Brazil. This was the result of several cargoes fixed previously from Brazil that absorbed ballasting tonnage. The Pacific market followed the same pace with West Australia/China voyage fixed a shade above $7, last done was reported at $6.90.
Panamax (Atlantic and Pacific)
Last week was very flat with a slow start and a quick end due to Easter & Chinese holidays. The reduced amount of players at work and the activity that was quite limited in both basins gave a feeling of a weaker and slightly topping off market with fixtures levels showing some lower freights and charterers willing to wait and read next week market.
Handy (Far East/Pacific)
A little amount of fresh interest to move coal stems on Supramax from Indonesia to India helped to maintain freight rates at levels similar to the previous week. A similar trend was experienced on the nickel ore trade to China. Some smaller tonnage was booked to carry steels from North China range to SE Asia at decent rates considering the redelivery area. A reduced period interest showed a 53,000 tonner fixed for 4/7 months at a smaller $9,350/d.
Handy (North Europe/Mediterranean)
Since the market in Atlantic is still firm, most of the charterers involved with backhaul business out of Med can achieve better deals taking tonnage for short period and then speculating on the 2nd leg. This also allows owners to achieve decent rates compared to what they would fix for a straight backhaul as confirmed by the 55,000 tonner fixed at $4,000/d for E. Med/Carribs. From BSea another fancy 55,000 fixed at $9,500/d for a trip to Med. Fronthaul was reported at around $12/12,500/d. No fixtures were reported out of Continent.
Handy (USA/N.Atlantic/Lakes/S.America)
Fixtures reported from Atlantic Americas showed contradictory levels. A 56,000 tonner with dely USG was fixed at a very nice $19,500/d for a trip to Portugal whilst a 52,000 tonner with the same dely got $18,500/d for a trip to Cont. A large Supramax achieved app. $14,750/d + $475,000 bb for a trip from Brazil to Far East. A Handysize agreed only $11,500/d from Argentina to Cont whilst a slightly larger units achieved $13,000/d from Brazil to the same the same area, perhaps the duration of the second fixture is shorter.
Handy (Indian Ocean/South Africa)
The firmer levels available fot local employments started to be reflected on the trades out of this area. A trip from India to China was concluded at $10,500/d on a large Supramax and a 53,000 tonner achieved $9,500/d for a India round voyage with coal via S. Africa. Period interest was limited to a 56,000 tonner booked for 6 months at an unattractive $9,500/d basis dely Karachi.
Banchero Costa and Co Spa
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