Capesize (Atlantic and Pacific)
It was a positive week for Capesize with gains on all major routes; the iron ore trade from Brazil to China was the one that registered the strongest improvement with a gain of over $0.50/mt compared to the previous week. The Tubarao/Qingdao route settled at $9.75/mt showing returns close to $9,000/d for modern eco-type vessels open in China. Also South Africa to China trade registered substantial improvements with the Saldanha Bay/Qingdao closing the week in the mid $7’s/mt. Miners and operators from West Australia to China had to agree up to $4.80/mt to secure tonnage for ETA 10/12 September also considering the poor draft conditions for those dates out of Dampier. The Atlantic market kept on relatively quiet and the key route Bolivar/Rotterdam settled below $5/mt.
Panamax (Atlantic and Pacific)
The market kept a slow pace throughout past week with Kamsarmax vessels fixing ECSAm to F East at $7,500/d + $250,000 bb, while levels for trips to Continent on a 82,000 dwt were seen at around $7,500/d basis ECSAm delivery. In the USG area levels have also shown a reduction in the daily hire with Kamsarmax fixing $10,500/d basis Gibraltar for trips via USG to Far East passing Cape of Good Hope and same levels were also reported on a 82,000 dwt basis Montoir for similar direction via USG. A tick less was agreed on a 73,000 dwt for trip to Continent basis delivery USG fixing at $10,000/d and a 82,000 dwt fixed $10,500/d for direction Med always basis delivery USG. In B Sea a 76,000 dwt was reported having fixed $13,000/d basis Cyprus delivery for trip via B Sea to Iran and similar levels were also seen from Panamaxes rating Far East direction with East Med delivery. In Far East levels for NoPac RV have slightly dropped with Kamsarmaxes fixing $6,000/d basis Japan delivery and
redelivery Taiwan, while less was seen on a 76,000 dwt basis delivery Korea fixed at close to 5,500/d for redelivery Singapore-Japan range. A 82,000 dwt was fixed for trip via Indonesia to S Korea at $5,350/d basis delivery China, a similar size was reported fixed for trip via Australia to China at $6,250/d and same levels were also reported on a 81,000 dwt fixing Indonesia to India at $6,250/d basis Chiwan delivery.
Handy (Far East/Pacific)
Very good activity in these waters and a very high number of reported fixtures that showed improving rates despite the amount of Supramax tonnage available on prompt position. Fresh interests on the Indonesia- India coal trade allowed a small Ultramax to be fixed at $9,400/d basis redely EC India, option WC India at $9,650/d, basis Spore dely. Then a 57,000 dwt achieved $9,450/d basis redely full India. Another Ultramax got $7,300/d for a trip with coal to China basis dely Kosichang. A 55,000 dwt with dely S China was fixed at $7,500/d via Philippines to China with nickel ore and a similar unit with dely Spore via Malaysia to China got $7,700/d with bauxite. A big Supramax got $7,800/d basis dely Indonesia via Australia to China with manganese ore. On NoPac RV two similar Supramax were fixed at $7,000/d and $7,800/d the second one. A 50,000 dwt achieved $6,000/d for 60 days and $7,500/d balance for a trip from Shanghai to E Africa. A 57,000 dwt booked 7/9 months at $6,750/d basis dely N China and a large Ultramax with the same dely achieved $7,500/d for 10/12 months.
Handy (North Europe/Mediterranean)
Activity from N Europe did not show any improvement yet apart from a 55,000 dwt that achieved $12,000/d for a quick trip to W Africa with clinker; a similar unit achieved $10,500/d basis dely UK via Baltic to India and a 50,000 dwt got $9,250/d for atrip to Turkey with scrap. In Med a 52,000 dwt with dely Algeria got $12,000/d via Spain to W Africa. From BSea a stronger positive trend with a fancy 35,000 dwt that achieved $8,000/d via Red Sea to Egypt Med and another similar unit fixed a trip to W Africa at $9,000/d. On the same trade an Handymax got $10,250/d.
Handy (USA/N.Atlantic/Lakes/S.America)
Tighter supply of prompt tonnage in USG pushed TC levels higher and there are rumors that there were p&c deals done at higher rates. A fancy 58,000 dwt was fixed at the beginning of the week at $15,000/d to WCSAm, then a similar unit got $17,000/d for a similar trip. TransAtlantic petcoke trade showed an Ultramax fixing at $13,500/d to Egypt Med; a similar unit got $15,000/d for a trip to Japan with the same commodity, then a 55,000 dwt got the same rate for to Japan via COGH From S America the trend was positive as well, but improvements were smaller; an Ultramax from brazil to Bangladesh got $10,350/d + 140,000 bb and a 52,000 dwt achieved $10,000/d + 100,000 bb to EC India. An Handymax with dely WAfr fixed at $7,750/d via S America to Japan (a better rate for a size which is not always easily available for chartering). A 38,000 dwt was fixed at $6,750/d from Recalada to lower Baltic.
Handy (Indian Ocean/South Africa)
Only a few vessels were reported fixed at unattractive levels in these waters. A Supramax got $6,000/d to perform a trip from MEG to EC India and another Supramax committed for 4/6 months at $6,600/d. A 33,000 dwt fixed a trip to China at $ 3,000/d with the same delivery and a slightly larger unit got $5,500/d for a coastal trip from WC to EC India.
Banchero Costa and Co Spa
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