Capesize (Atlantic and Pacific)
Market turned negative for Capesize in both basins last week. Pacific lost about one USD on the West Australia/China route going from $8 to $7 on Friday. The list of tonnage available put pressure on rates, charterers stepped back quickly after the gains of the previous week and rates went down again. In Atlantic fronthaul business broke $18 level and was fixed at $7.80 for beginning of August loading.
Panamax (Atlantic and Pacific)
The Atlantic market went firmer and firmer during the whole week thanks to very good support from North Atlantic. Rates for transatlantic business jumped to $13,000 daily level for 2 laden legs with a lack of early candidates. An LME could get $17,000 daily +700kbb or even more for N..Atlantic trip to Fareast. Influenced by the Atlantic, the Pacific side also got some improvements. Candidates in S. China were talked at $9,000 daily for Indonesia/Australia round and those in N. China could also get similar rates since more and more owners were appealed to ballast to USG and charterers were there to pay about $1,000 daily more for USG/Fareast round. Short period rates climbed up with the spot market and were talked at about $9,000 to $9,500 daily for 3/6 months.
Handy (Far East/Pacific)
The Pacific market improved slightly with Supramax rates on Indonesia/India trade at around $8,000/day basis delivery S. China. Also NoPac Round Voyage increased with a 57,000 tonner fixed via NoPac to Spore-Jpn range at around $9,000 daily basis dely N. China. Nickel Ore fixtures reported showed even better rates with another 57,000 tonner fixed basis DOP Guanghzhou for a trip via Philippines back to S. China at $11,500.
Handy (North Europe/Mediterranean)
Pretty stable and slow market with a few fixtures reported. In Continent an Handymax was fixed for 3/5 mos redel ww at $17,000. In Mediterranean waters just one fixture was officially reported with the CMB Jialing 55,000 dwt fixed basis dely Nemrut Bay at $23,500 daily for tct with chrome ore to China. Good activity from Black Sea for fertilizers and steels mainly to Far East And SE Asia, still a few cargoes of agriproducts were seen mainly to Red Sea and Med, with fixtures in line with previous week.
Handy (USA/N.Atlantic/Lakes/S.America)
The Handy and Supramax market in US Gulf and North Coast South America was very slow with a few fixtures officially reported and most of the business kept private. The market however is fairly stable with fixtures at previous week levels or just a shade less. Out of USG a 55,000 tonner was fixed at $29,500 daily for timecharter trip to Singapore-Japan basis delivery APS USG. From ECSA a slightly softer sentiment was registered with most of the activity on the Far East route. Some activity was registered for period employments with ABT that booked MV Aman Trader basis delivery NCSA for 3 /5 mos redel ww at $16,500 and Noble MV Sunleaf Grace basis delivery Texas Gulf for min 60/120 days trading redel Atlantic at around $16000 daily.
Handy (Indian Ocean/South Africa)
An improvement in activity has been registered From South Africa / India Ocean market with a number of Supramax and Handymax fixtures reported at around $12,000/day basis delivery South Africa for trips with minerals to Continent and Mediterranean Sea. Also Far East bound activity showed improvements.
Banchero Costa and Co Spa
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