Capesize (Atlantic and Pacific)
The Capesize market remained very range bounded both in Atlantic and in Pacific basin. In Pacific the Western Australia/China trade did not move from the low $7s/mt. Activity was very low from South Africa to FarEast whilst the trip back to Europe from Richards bay was reported in the mid $6s/mt. The Atlantic market was more active than Pacific especially for Round Voyages, however rates remained flat. Fronthaul from Brazil to China was fixed in the mid $17s/mt for beginning of July dates.
Panamax (Atlantic and Pacific)
The Atlantic basin was quieter with a smaller number of TransAtlatic business and ECSAm being the only area offering good opportunities either for FarEast and Atlantic destinations. ECSAm/FarEast for July dates saw some actions with charterers offering "ready to fix", but at generally low rates since the number of candidates available. ECSAm/Skaw- Passero was becoming more attractive for ballasters. The Atlantic basin also registered a good amount of interests for 2 laden legs at levels around $8/9,000/d. In Pacific after a few Australian cargoes fixed very quickly, owners started focusing on short Indo RV hoping to get better employments afterwards. Period activity was limited at very low levels to justify speculative opportunities.
Handy (Far East/Pacific)
A long list of Supramax tonnage was reported with a good amount of units booked for NoPac round. On this trade the APJ Jay 56,600 dwt got a firmer $9,000/d with dely Japan and redely Red Sea: the high rate is due to a combination of unfavorable redelivery (Aden) and trade in piracy area. Other tonnage fixed for NoPac with redely FarEast was done in the region 7,500/8,000 daily as per latest dones. The rest of the tonnage was concentrated on SE Asia loadings, mainly for FarEast destinations, with owners struggling to maintain last done levels.Singapore kept importing sand from SE Asia allowing quick repositioning trips.
Handy (North Europe/Mediterranean)
A 56,800 tonner agreed a nice $13,600 daily rate basis dely spot Cannakkale for a trip to FarEast, this fixture was rumored a few days old. From Med waters a 57,000 dwt agreed $12,000/d for a 2 to 4 months commitment with redely worldwide. In Continent freight rates softened with two 32,000 tonners fixed at lower money to carry grains from N France to WAfr and a unit of 47,787 dwt achieving an unexciting rate of $11,500 /d for a trip to Spore-Jpn rge. Instead a 28,000 dwt achieved a good $8,250/d basis dely Poland for backhaul business via Baltic to USG.
Handy (USA/N.Atlantic/Lakes/S.America)
Freight rates well in excess of $20,000/d kept ruling the Supramax business out of USG and ECSAm to Med area. A fancy 57,991 dwt agreed $15,500/d for a trip from US Atlantic Coast redely Spore/Japan range. Fixtures reported from S America were lacking with just one cargo of 50,000 mt of grains from Argentina to Egypt reported on voyage basis at $33/mt.
Handy (Indian Ocean/South Africa)
Charterers were evaluating higher rates on Supramax tonnage to load iron ore from East Coast India to China due to the monsoon that prevents loadings from West Coast. Moreover charterers need to attract owners with higher rates because of the same reason. A much firmer $9,900/d was agreed on a 56,781 dwt to perform East Coast to West Coast.
Banchero Costa and Co Spa
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