Capesize (Atlantic and Pacific)
The Capesize market was almost flat with the BCI improving by just 70 points and the 4 Time Charter routes by $748 daily. The North Atlantic market was tight because of the usual absence of open vessels in North Continent and the rates were up for Narvik and St.Lawrence cargoes with consequently improved Trans-Atlantic rates touching the mid-high teens. In the Far East there was a good activity on iron ore ex West Australia with rates up to $8.75 paid by Rio Tinto and quite a number of coal cargoes covered from South Africa and East Coast Australia to India and China destinations. Short period activity was best demonstrated by Swiss Marine and Classic maritime, they were taking Capsizes in the Far East at rates around mid $12, 000's range for 4-6 months.
Panamax (Atlantic and Pacific)
The Atlantic market turned firm significantly in the second half of the week. A trip within Atlantic stood steadily at mid $16,000 due to rather limited tonnages in July. Fronthaul biz also showed a rapid upward trend with rate being talked at $26,000+$600,000bb in the end. Charters turned to take vessels in India at $14,000 for the lack of candidates in the Atlantic. The Pacific market saw some hope thanks to the hot Atlantic market while its trend was still unclear considering a large number of open candidates in the East. There were more cargoes this week, but still far from being enough to cover so many vessels. The Indon rv was hovering at $9,000 and Nopac biz could gain a little more, at $9,500 to $10,000. Many charters were seeking short period while only a few owners were willing to fix their vessel at $12,000 to $12,500 level.
Handy (Far East/Pacific)
The market in the Far East during this week was on the weaker side with Indo rv running at around $10/10,500 per day on a small vessel, while trip out of Indonesia to India were reported at around $8/9,000 level depending on the size. Tonnage was kept being abundant in north Asia with no fresh enquiry to keep the market steady. The Feast rounds were paid in the low $10,000 daily range while east coast Australia rounds will see in the $10,000 range.
Handy (North Europe/Mediterranean)
On the Cont / Black Sea market, there were 2 Supramax reported fixed for 2/3 ll and 2/4 mos $15,000 daily with redely Atlantic. A Handysize was reported to have fixed bss pass gib tct with grains via rouen/la pallice to Algeria at $11,750 per day.
Handy (USA/N.Atlantic/Lakes/S.America)
USG/NC South America market was good during this week, with fresh enquiry out of Venezuela and USG to the Cont/Med, a 53,000dwt was reported to have fixed tct with pet coke bss aps Jose to Turkey at around $29,000 diot. A 28,000dwt Genco Challenger was reported to have fixed bss aps sw pass for tct with grains/ddgs to Cont at around $16,750 + $80,000 bb. The EC South America market also concluded positively this week with a Handy Trans-Atlantic run done at $19,000 daily for a 21-year old vessel. A Supramax from east coast South America was fixed at $17,000 daily, although it was paid a premium in order to replace a late ship.
Handy (Indian Ocean/South Africa)
The market in Indian Ocean during this week was flat, with some ship reported to have fixed tct to China with iron ore out of EC India at around $11,000 daily level depending on the specs. South Africa market was flat as well with some fresh enquiry of coal to India or minerals/grains to Feast. A Supramax was reported to have fixed bss dop tuticorin $11,000 for tct via South Africa to Japan.
Banchero Costa and Co Spa
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