Capesize (Atlantic and Pacific)
The Capesize market continued its negative trend. In the Atlantic basin, however, rates found some support especially for prompt cargoes. From Australia rates went from high to very low $3/mt: despite bunker prices softened again TC earnings were lower. A similar trend was registered on the South Africa to China trades with Saldanha Bay to Qingdao that went from high $5/mt to $5/mt. The amount of fronthaul cargoes from Brazil seemed less than the previous week and rates followed the negative trend going from high to low $7/mt basis Tubarao/Qingdao route.
Panamax (Atlantic and Pacific)
In the Atlantic was seen an increase in activity, but still at low rates especially from the ECS Am where owners were looking at levels around high $5,000/d + $180,000 bb for 75,000 dwt units. A 77,000 dwt was reported fixed Paranagua to F East at $5,750/d + $215,000 bb while for trip Atlantic owners were still looking more at $6,500/d bss aps redely Skaw/Passero. In USG levels seen were around $7,500/d bss aps for trip Atlantic and $9,000/d + $90,000 bb for a fronthaul on a 75,000 dwt vessel while bss dely Gibraltar a 80,000 dwt was reported fixed at $7,000/d for a trip to F East. In the Continent levels were still low, a 71,000 dwt basis dely Tyne for a trip from Baltic to Turkey at $3,750/d and owners looking at $7,500/d for a trip to F East. In F East the market was still on the low side with owners trying to cover their tonnage before the holidays. A 74,000 dwt was reported fixed dely Indonesia for a trip to India at $3,000/d + $25,000 bb while tick lower levels were seen fixed for a TCT to S China, with a 75,000 dwt vessel fixed at $2,400/d bss Indo. NoPac RV showed little change with levels still on the low side as seen on a 74,000 dwt that was reported aps NoPac to China, $4,100/d +$110,000 bb.
Handy (Far East/Pacific)
From SE Asia, a 53,000 dwt dely Spore fixed a trip via Indo to China at $4,200/d, near to a slightly larger vessel which got $7,250/d for a trip to WC India/Pakistan. To the same destination, a very similar vessel was paid $5,700/d with dely C China. Another similar type bss dely Spore was reported done at $4,800/d via Indo to China. No sign of recovery was seen for Supramax rates which stayed similar to the previous week, except for trips from SE Asia to N China and backhaul business, where lower money was available. More interest to load ex N F East was seen, with a 55,000 dwt fixed N China to EC India at $5,500/d. A smaller Supramax got $5,750/d with dely Japan for 2/3 laden legs redely Spore/Japan.
Handy (North Europe/Mediterranean)
Supramax rates from North Europe to the East lost a further couple of hundred $/d, while some improvement was seen on fronthaul trips from the same areas. A 58,000 dwt was reported done from North Europe to Brazil at $3,000/d for the 1st 45 days and $6,500/d for the balance, basis delivery aps Russian Black Sea. A 53,000 dwt booked $2,000/d for the 1st 53 days and $5,900/d balance basis redelivery USG/Caribbs and a 52,000 dwt fixed $2,000/d flat rate for a quick trip from Greece to the USG. Another Supramax, moving grains from the Netherlands to the East Med got $6,600/d, close to a 31,000 dwt which got $6,250/d to perform a similar trip. Further confirming that Handysizes are better resisting the negative trend, a 33,000 dwt was reported done via Black Sea to the U.S. East Coast/North Coast South America range at $3,250/d and two 35,000 dwt carrying clinkers to West Africa fixed at $6,100/d basis Canakkale delivery via Ukraine loading and $6,000/d aps South Spain.
Handy (USA/N.Atlantic/Lakes/S.America)
Rates kept quite shaky for all sizes through the week. Two Ultarmaxes delivering USG fixed around $8,700/d to the East Med. On the same trade a 52,000 dwt got $7,750/d, a 56,000 dwt agreed $8,000/d and a 55,000 dwt got $7,750/d. A Supramax was reported agreed at $6,000/d from the Mississippi River to North Brazil and another performed a trip with bauxite from the Caribbs to Texas at $5,600/d. A Handysize was reported done at $6,750/d from the US South Atlantic to North Europe. Basis loading South America, a 52,000 dwt accepted $5,750/d from Recalada to Algeria. It was rumored that fronthaul rates from this area have improved, but there is yet to be any confirmation.
Handy (Indian Ocean/South Africa)
A better $7,000/d was reported agreed on a Supramax delivering SE Africa to take a coal cargo to EC India. Otherwise the freight trend was very much negative for owners, especially for business bound to other basins. Supramax trips with iron ore from WC India to China were rumored to have been fixed between $2,500/-$2,200/d basis delivery aps. Slightly better income was available for Supramax and Handysize owners willing to fix short employments on voy bss within the MEG/Red Sea range.
Banchero Costa and Co Spa
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