Capesize (Atlantic and Pacific)
Capesize market registered another negative week with levels remained very low. Cargoes from West Australia to China have been fixed closed to an ugly $3/mt and coal from East Australia remained practically negligible with no cargoes reported. The situation was even more complicated for cargoes out of South Africa or Brazil where charterers tried to push rates marginally up from currently low levels. The standard route from Tubarao to Qingdao was paid high $5/mt but owners were willing to repeat that by the week end. Operators found some opportunity in period market where modern vessel, chartered for 1 year, were payed low or mid $5,000/d.
Panamax (Atlantic and Pacific)
The market has seen a slight increase in rates towards the end of the week with main attention still focusing on ECSA orders, Kamsarmax have been fixed around $6,500/d + $150,000 bb bss aps and for smaller size owners will be looking at a tick less as reported on a 76,000 dwt vessel which has fixed with Klaveness at $6,200/d + $120,000 bb while for trip to Cont a 72,000 dwt 1994 built was fixed bss dop Santos at $4,000/d for a trip via Tubarao with Cargill. Owners looking at the USG will now be seeing numbers around $8,000/d + $100,000 bb, as seen reported on a nice Kamsarmax fixed by Hyundai Glovis, or if looking to stay within Atlantic numbers will be around $5,500/d bss USG loading. In Continent a 74,000 unit was reported having fixed a trip $6,000/d bss Germany to Sri Lanka with Grains. In F East was also seen an increase in rates with owners now able to fix NoPac rounds close to $4,000/d similar to what can be fixed for trip within Indonesia as seen also reported on a Panamax fixing del Kaohsiung for trip via Indonesia to Hong Kong at $4,000/d while for trip to full India a nice Kamsarmax was fixed bss dop Cai Lan for trip via Indonesia at $2,800/d with Jaldhi.
Handy (Far East/Pacific)
Supramax market in these waters reported a large number of concluded fixtures with rates showing a further increase of a few hundred dollars compared to previous week. An Ultramax delivering Singapore got $5,500/d for a trip via Australia to South Korea and a similar unit agreed $4,000/d for a NoPac round from North China. Coal trade from Indonesia to India kept registered growing rates up to $4,500/d paid at the end of the week basis aps delivery. Several Supramax size steel stems where moved from North China to Middle East, a 56,000 dwt fixed $4,000/d to the MEG and another similar vessel done afterwards got $5,250/d for a trip to the Red Sea.
Handy (North Europe/Mediterranean)
Not many official news were available in the market with only a Supramax reported fixed at $5,500/d with delivery Marmara Sea to perform a trip to Far East. The usual grain trade from Black Sea didn’t show up much activity concluded with owners showing a stronger resistance to charters at these low rates. At the end of the week there was a rumor about vessel fixing from Med to Far East around $6,000/d but no further details were available. Supramax rates from North Europe were described as being about $500/d more but no concluded business was reported to confirm it. Also charterers involved with Handysize grain shipments into the Med were said to be quoting improved ideas.
Handy (USA/N.Atlantic/Lakes/S.America)
The positive trend at the beginning of the week involving spot shipments from South America showed to cool down, even if owners kept looking optimistically at this area due, in particular, to the forthcoming tax reduction and the Argentinian exports. A 58,000 size fixed sugar from Brazil to Bangladesh at $7,000/d plus $70,000 bb, a less fancy Supramax agreed for a trip from the same loading area to West Africa only $5,150/d. On the same trade a Handysize booked a much better $7,000/d. The trend for cargoes loading ex NCS America, USG and North America was more exciting for the owners. An Ultramax was fixed at $8,250/d from US Atlantic to Turkey, and another one was booked at $9,500/d from the USG to the Far East. A 58,000 size agreed $6,250/d from Guyana to North Europe.
Handy (Indian Ocean/South Africa)
More activity for stems loading out of Middle East showed two Handysize fixed from MEG to Far East at $2,000/d, a Supramax with similar delivery got a more interesting $5,000/d near to another one which fixed $4,000/d basis redelivery Australia. Two Ultramax were booked to move coal stems from South Africa to India in the region of $7/7250/d basis aps dely and dop redely. A Handysizes was reported done at $3,600/d carrying fertilizers from Qatar to EC India
Banchero Costa and Co Spa
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