Capesize (Atlantic and Pacific)
In Pacific all major charterers were in the market to cover their cargoes from Western Australia, spot rates went up almost a dollar per metric ton on Chinese routes. Good activity was registered, in particular for timecharter, for East Australia coal cargoes. On the other hand the Atlantic basin was very gloomy with the strike at Drummond still going on and a lack of cargoes affecting the TransAtlantic Round trade. Period business was active due to a largely expected strong Q4.
Panamax (Atlantic and Pacific)
The Atlantic market remained under pressure with many ships preferring to remain in that basin or ballasting towards it even if the situation showed a shortage of fresh new deals. ECSAm slowed and USG remained steady, but served by larger and larger amount of tonnage. Charterers stand-off, begun the previous week, was evident and freight rates suffered. On the other hand the few fresh enquiries that appeared in the Pacific basin were completely absorbed by the increasing number of vessels. This enabled charterers offering more and more on aps plus ballast bonus, especially for Indonesian and Australian rounds. Owners who were not there to fix Pacific rounds at $5,000/5,500 daily ballasted towards ECSAm or USG. Period business registered rates for short periods around mid/low $8,000 daily basis SE Asia deliveries.
Handy (Far East/Pacific)
New fresh requirements for Supramax appeared in N. Pacific with destination FarEast, probably due to the softening market. Three very similar units were fixed on the trade last week, all basis aps delivery. The first unit got $8,000/d + $320,000 and the last one $8,750/d + 360,000, however a most of the improvement was due to better consumptions rather than market improvement. The rest of the activity mainly focussed on Indonesian cargoes with rates for delivery Spore were in the $10,000/d. India redelivery kept on paying a premium. A Supramax got fixed for short period at $9,500/d basis dely N. China.
Handy (North Europe/Mediterranean)
Supramax activity from Black Sea kept improving and lead to a 55,000 tonner eco-type fixed basis dely dop Greece via Bsea and redely SE Asia at $16,000/d, which is better than N China-Korea-Japan range. This trend brought new interests for short period, a 53,000 dwt eco agreed $12,750/d dely Port Said for 3/5 months and a nice 30,536 dwt achieved $8,250/d for 3/5 months. Not much activity reported from Continent, but a 52,000 was reported at $13,000/d, slightly better, to perform a trip to Turkey.
Handy (USA/N.Atlantic/Lakes/S.America)
Supramax market from USG and NCSA strengthened on TransAtlantic trades, so far only a partial reflection on fronthaul was noted. Pet coke trade to Turkey started the week at $18,500/d on an eco 53,000 dwt from USG and ended with another eco 56,000 dwt fixed at $24,000/d from NCSA. A 56,000 dwt achieved $20,000/d from USG to Cont to carry ddgs (requires extra fittings). South America further weakened with a 53,000 dwt agreeing $12,500/d for a trip from Brazil to Morocco. From Venezuela a 37,000 dwt got $10,750/d to perform 2/3 laden legs redely worldwide.
Handy (Indian Ocean/South Africa)
Demand has been extremely slow for Supramax from the area for the whole week with no reports available. Owners are trying to look at other areas found Indo business unattractive and with S America slowing it was not easy at all. On smaller units a cargo of 25,000 ton of mineral were fixed from Iran to China at $24/ton on fio voyage terms and a 34,000 dwt modern was rumoured fixed in the low $7,000/d from Red Sea to Indo.
Banchero Costa and Co Spa
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