Capesize (Atlantic and Pacific)
The beginning of week was one of the most active for a very long time in the Capesize market with activity that slowed only approaching the end of the week, however sentiment remains very positive. W Australia/China reported fixtures up to $12.00 passing from $10.00 from the previous week, on TC basis were done between $27/30,000 per day. Fronthaul remained strong with Brazilian iron ore trade which was pushed up by the strong demand in China. Levels reported for the Tubarao/Qingdao trade were around $29.50/mt index which confirm the statistics of high demand of iron ore. Atlantic was not as active as Pacific even if Drummond strike seems to have come to an end. Levels were at around $28.000 basis TransAtlantic RV. S Africa/China trade remained very strong for coal exports. A unit ballasting towards S Africa was rumoured reported at $20.95/21.00.
Panamax (Atlantic and Pacific)
As Expected last week started with great enthusiasm which kept rising during the whole week, the index rose 286 points jumping fm 1020 to 1306. Finally USG crops seems to have reached the market and more grain cargoes are now quoted on the route to the East, with rates showing good improvements. Excess of $16,000+600,000bb done on prompt tonnage for end September/early October dates, while mid October/November dates started to pay even higher levels. Baltic rounds & Black Sea to the East were still at premium, as well as the two laden legs within Atlantic. Compared to the single TA RV probalbly owners are willing to discount for single especially if short and with good redelivery, in order to be able to readly go back to USG market. The Pacific basin is still sustained by the period market and registered an upward trend on the spot as well. Big numbers have been done from N China/Japan range especially for NoPac RV. However also the rest of the basin remains active with a fair amount of fresh cargoes out of Australia and Indo. S Africa/China trades paid in the mid/low $11,000 per day, which are now tempting owns with tonnage in India to look at S Africa as a possible direction instead of sailing in ballast towards BSea or, if unable to pass Aden, to a definitely slow ECSAm market that is still registering levels in the mid/hi $15,000/d + $550,000 bb, but cargo availability is
poor.
Handy (Far East/Pacific)
The week started slower probably driven by charterers' attempt to ease freight rates or at least to try and limit the number of firmer fixtures to those with positional needs. Most Supramax interest was still for Indonesia/China trade mainly carrying nickel ore cargoes. Tonnage was fixed between $10,000/d and $13,750/d depending on the distance from the loading port and the vessel's specifications. Shorter trips within the SE Asia gradually picked up as a 57,300 tonner was fixed at a firm $14,500/d basis delivery Indonesia and redely Thailand, although some cautious charterers chose to fix short period or 2/3 laden legs at anywhere between $9,250/d and $10,500/d. Rumours suggested that a similar unit was agreed for 1 year period at $8,000/d. Some coal was again moved from Indonesia to India with a couple of vessels reported done in the mid/high $13,000/d and later another two fixed at much lower $9,500-9,750/d. In terms of smaller handies, a 34,000 tonner was agreed at $7,500/d with delivery central China for 2/3 laden legs while another 38,000 tonner fetched a firm $10,000/d delivery Indonesia for a trip via Australia back to China. As the week ended we saw a fancy 35,000 tonner fixed at a very good $9,500/d for 3/5 months with delivery China and a 15-years-old 49,000 tonner at a much firmer $11,650/d for a SE Asia round via Australia.
Handy (North Europe/Mediterranean)
At the start of the week lower demand quickly brought negative trend on Supramax and Handysize rates from Black Sea.A 57,970 tonner got very low $16,750/d and a very similar type was fixed at $18,500/d basis dely Egyptian Med. $10,000/d was the rate paid to a fancy 58,600 tonner delivery passing Canakkale for trip with grains via BSea/Red Sea and redelivery Port Said, while a better $14,500/d was agreed with delivery Nemrut bay on a 57,000 dwt with higher consumption for 3 to 5 months period redel worldwide. As the week ended it was impressive to see a fancy 28,000 dwt being fixed at an extremely firm $11,000/d basis dely retro Bizerte for a trip via BSea/Red Sea and redelivery Port Said. West-bound business was relatively better with a 33,000 dwt agreed at $6,750/d with delivery Cape Passero via BSea and redely USG. Another 56,900 dwt non-eco type was fixed at a good $11,500/d with delivery Canakkale via BSea with sulphur to Morocco. There were rumours that a Handysize grain cargo booked on voyage basis from Black Sea to the to the Continent was fixed at a very low $21/t, probably as a consequence of the firm N. Europe market which owners expect enjoy in their next leg employment.
Handy (USA/N.Atlantic/Lakes/S.America)
Limited demand for loading out of US Gulf affected rates, especially on TransAtlantic trades and short period deals. A 57,000 tonner was fixed at $14,000/d for a trip from Texas Gulf to the Continent and a similar boat achieved $15,000/d for 3/5 months period with delivery Venezuela. Later a 53,000 dwt was paid at only $12,000/d with delivery US Gulf for 4/6 months period and redelivery Atlantic. A fancy 58,000 tonner got $20,000/d to perform a trip from USG to Far East and was followed by a low $15,750/d agreed on a 53,000 dwt with the same delivery for a trip to Japan. A TESS 52 type was fixed at $16,000/d from US Atlantic to WC Central America. For smaller vessel, a 28,000 dwt was fixed at $9,250/d for a trip with coal from Atlantic Colombia to Guatemala. No reports were available for business out of South American from where the chartering demand was very limited.
Handy (Indian Ocean/South Africa)
Some more activity was reported concluded at slightly better levels. A standard-type 55,900 tonner was booked for 2/3 laden legs at $9,250/d with delivery at the quite inactive Red Sea. The rate would be similar for a trip with delivery N. China. Elsewhere, a very similar type booked a short trip from Oman to WC India at $10,250, whilst a 47,000 dwt got only $8,000/d with delivery Persian Gulf for a trip to China which required no Iraq or Iran trading.
Banchero Costa and Co Spa
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