Capesize (Atlantic and Pacific)
Another firm week for the Capesize market that improved in all areas. Pacific cargoes had to pay up to over $9/mt for very prompt dates while low $8/mt was fixed for Index dates. There were many cargoes from Eastern Australia with a fixture over $15,000/d paid on Time Charter basis for a good vessel delivery South Korea for a trip via Newcastle. Out of South Africa, cargoes from Saldanha to Qingdao fixed $15/mt while from Brazil mid $21/mt were fixed out of Tubarao for July dates. Finally the Atlantic market saw higher rates for rounds with $17,000/d were reported for a round via Colombia.
Panamax (Atlantic and Pacific)
The Atlantic market remained very positional with the strength for early tonnage. South America remained a pivotal market, so far rates remained at steady levels with the emphasis still on mid July cargoes. There was very little forward business quoting, but this didn't stop several ships in the East setting off in ballast and others are considering the option. Rates for ships loading out of South America remained at good levels for early positions, but was still difficult to call how many cargoes are there to be moved going forward. In the East there were different points of view on the market with some positional movements especially for charterers looking for ships from Japan-South Korea. Ships have been heading off in ballast for South America and the focus generally remained on Indonesia business. There was still a substantial list of ships coming open. Charterers were able to secure tonnage for Indonesia on an aps basis, but there were rumours of more activity from EC Australia. By the end of the week activity slowed with some people suggesting that rates peaked and in some areas, such as Mid-North China, ships were struggling to fix. There were still some reasonable rates agreed, but trading for now appeared to have slowed in particular from Indonesia.
Handy (Far East/Pacific)
Activity was good in Pacific with Supramaxes fixed at region $11,500/d for Singapore/EC India trip via Indonesia. Also period business was good with prompt 3/5 months trading done at $8,000/d and a nice tess 52 done at $9,300/d bss 3/5 mos redel ww. Good activity was registered also out of China / Indonesia / SE Asia range to EC India with fertilizer cargoes: a nice tess 52 was fixed bss dely Dalian at $10,000/d for a trip to EC India. Sand activity was still very active with Sandchart fixing 3 vessels all basis dely SE Asia/S China for TCT via Cambodia/Vietnam redel Spore all in the region $6,500/7.000 daily.
Handy (North Europe/Mediterranean)
The market in this area remained pretty much unchanged. A Cont round trip via Narvik was fixed at $13,000/d by ArcelorMittal. Some more activity was registered for short period business with a Dolphin 57 agreeing $12,500/d for 4/6 months basis dely Med and redely Atlantic and a 33,700 tonner fixed at $7,750/d for 4/5 months basis dely Cannakkale and redely WW.
Handy (USA/N.Atlantic/Lakes/S.America)
Business in this area remained strong with improved charter rates both for Atlantic and Pacific destinations. A lot of business remained P&C, but fixtures reported were strong especially from USG. A Supramax was fixed at a solid $24,500/d for USG/Far East trip. Another Supramax fixed USG to Italy at a good $22,500/d. Due to a busier USG market also ECSAm strengthened with a 55,000 dwt reported at $18,350/d basis dely S Brazil TCT via ECSAm to Port Said.
Handy (Indian Ocean/South Africa)
Spot business paid $7,000/d for a Supramax EC India/China with iron ore. Activity from WC India was halted due to heavy monsoons hitting the area. From EC India just two fixture were reported with rates between $5/7,000/d depending on vessels' size and specs. Activity from S Africa was quiet, but not inactive with rumours of a Supramax fixed at $8,000/d + $300,000 ballast bonus basis dely aps S Africa for TCT to Spore /Jpn range. While the normal runs of coal from safrica to west coast India were reported to be fixed in the region of 18 usd pmt on voy bss.
Banchero Costa and Co Spa
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