Capesize (Atlantic and Pacific)
Week 37 market opened with a positive sentiment: Pacific was quite busy and rates for W Australia/China peaked at $9/mt and possibly slightly above as miners were picking ships. The situation out of Brazil was quiet instead and rates were very range bounded. Cape Kallia was reported fixed at $22.85/mt basis 190/10 stem Tubarao-Qingdao which is the equivalent of about $1 more basis standard stem size. Unexpectedly no improvement was noticed as owners offered close to $23/mt and even less by the end of the week. In Atlantic activity was sporadic: rates were about $15,000/d for Atlantic RV while the market remained very quiet out of N Atlantic and USEC for trip to East.
Panamax (Atlantic and Pacific)
During week 37 the Atlantic market rates decreased day by day till the end. South American trading continued slowing down, becoming more stable around $14,000/d + $400,000. Sep USG/F East cargoes available were fixed around $15,250 + $525,000. BSea Panamax market remained very quiet and most of vessels open E Med had to ballast on the way to Cape Passero. In North Cont the value of a short Baltic RV was around $4,000/d and a trip to F East via Goa around $19,000/d. It has been a steady week for the Pacific market: with few fresh cargoes from NoPac and owners still ballasting vessels to USG, rates didn't change much from the previous week. For Pacific RV (from Australia and NoPac) rates were between $7,000/d and $8,000/d; a trip to India via Indonesia still paid a premium as the destination is not desirable by owners; rates were over $10,000/d. Period trading was limited this week with short period Panamax at $9,000/9,500/d and about the same for 1 year duration.
Handy (Far East/Pacific)
During week 37 there was quite some interest on Supramax sized coal cargoes from Indonesia to Indian coast. The persisting depressed market out of M East loading areas allowed owners to ask charterers for a premium to send their vessels in this direction; as a result time charter rates were between $10,250/d and $12,500/d, dely Spore. From the same loading area similar vessels would only get $8,000/d up to $10,000/d for trips to the F East. A Supramax was reported done for a trip via Australia to the F East at $9,000/d basis dely S Korea, while a new building was rumoured being fixed around $8,000/d basis dely Japan for a trip via NoPac to N Europe. Supramax short period interest showed a 57,500 dwt booked at $10,500/d and later in the week a similar sized new building done at $11,750/d on 5/7 months duration. Not much news was available for Handysize; the only available report was about a fancy 32,000 dwt fixed at $7,000/d to perform a trip from WCSAm to S Spain.
Handy (North Europe/Mediterranean)
Chartering interest for Handysize tonnage loading out of North European ports led to a 28,000 dwt obtaining a premium rate of $10,250/d to perform a trip via Scandinavia to East Med, probably with timber, while the $8,500/d agreed on a 24,000 dwt from UK to the same redelivery range was still a reasonable amount for owners. No concluded deals were reported for tonnage loading out of Med and BSea waters, a Supramax was rumoured being done at about $1,520/d from Canakkale to the East but no further details were available.
Handy (USA/N.Atlantic/Lakes/S.America)
Supramax chartering out of USG showed higher interest for F East destinations: a 52,000 dwt was reported done at $22,500/d followed by a 55,000 dwt fixed at $22,000/d for the same trade. Rates' increase for the area switched on charterers interest for period: a 46,000 dwt was booked at $12,000/d for 4/6 months duration and a 56,000 dwt around $13,500/d dely NCSAm for a similar duration. More were the deals reported basis loading SAm were more interest for Handysize was seen: a 28,000 dwt done around $8,750 for a trip Brazil/Cont, a 32,300 dwt fixed $9,000/d for Argentina/Baltic and another 28,000 dwt taken at $8,500/d basis dely Paranagua to perform 2/3 laden legs within the Atlantic waters. Activity was slower for the larger sizes where the sole fixture available was voyage business to carry 40,000 tons of soya bean meals from Argentina to the Philippines at $40/mt.
Handy (Indian Ocean/South Africa)
Activity was still very slow in these areas, mostly limited to very short local employment. A fancy 58,700 dwt was reported agreed for 3/5 months t/c at $10,000/d while another Supramax open ppt in MEG was said taken around $6,500/d for a very short trip leaving her in the area.
Banchero Costa and Co Spa
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