Capesize (Atlantic and Pacific)
There was some positive sentiment at the end of week which together with more resistance from owners, made rates going up a bit. In Pacific West Australia round voyage was concluded at $7,70 while little was reported from East. From South Africa, Saldanha Bay/China employment fixed in the mid $14. More business was reported out of India. Atlantic side of the market registered kind of shortage of tonnage which helped owners to get advantage from this; last front haul reported for end of April dates was $20,00.
Panamax (Atlantic and Pacific)
The market went up again last week after a short period of weakness. In the Atlantic basin the ECSA grain business was still central and gave most of the support. An LME got a nice $10,500 daily dely Lumut, while another LME in Atlantic could get $17,000 daily dely passing Gibraltar. The Transatlantic round also went up steadily supported by a group of coal and mineral business and close the week at about $10,000 daily + 400k bb level. The candidates in S.China could get $8,000 daily and those in Japan were also fixed at similar level. The short period was stable at $9,500 daily level for FEast vessels, but few fixtures were actually concluded during last week.
Handy (Far East/Pacific)
There was a general slowdown throughout the week on all sizes. Reduced rates were agreed on Supramax Southeast Asia rounds and no activity was reported for trips via Australia and NoPac. An Handysize with spot delivery Southeast Asia booked a firm $13,000 for an Australian round, but a similar unit got only $10,250 for 2 laden legs in that area. Trips into India were paying the highest rates, but the number of enquiries was generally reduced with tonnage that started piling up again in connection with next week's holidays in the area. Some short period interest was seen with Supramax rates stayed in the $12,000 region.
Handy (North Europe/Mediterranean)
The market, in general, was extremely quiet. There were a few concluded fixtures reported from this area. The Black Sea area saw higher rates for Supramax and Handymax tonnage both for the Middle East and West Africa bound cargoes. No Transatlantic backhaul trips were reported concluded and chartering interest was poor out of North Europe.
Handy (USA/N.Atlantic/Lakes/S.America)
The number of enquiries to load out of USG was reduced and business out of Atlantic Americas brought a general standby in activity and some instability to rates. Transatlantic business saw an Handymax fixed at $15,000 loading USG for Morocco and afterwards a large fancy Supramax getting $16,000 to load pet coke into Turkey. A slightly smaller Supramax was reported at $19,000 plus $50k bb to carry alumina from N.Brazil to Norway. A large Handysize was concluded at $20,000 daily for a trip from Recalada to WCSA. Reports for fronthaul business were limited to a large Supra fetching $16,500 daily with delivery West Africa for a trip via South America to India. Out of the USG only one concluded voyage was reported: a cargo of about 45,000 tons of pet coke to China was said to have been booked $48.50 per ton; a similar stem was rumored to have been covered at around $44.50 per ton. A Supramax was booked at $16,000 for short period dely USG, but is still not confirmed.
Handy (Indian Ocean/South Africa)
More fixtures were reported for trips loading out of the Indian Ocean. A few Supramaxes were booked to load from West Coast India to China with daily rates between $11/12,500 depending on the loading coast, size and vessel's type. A 50,000 tonner was reported at $11,000 daily for short period with delivery Bangladesh, while a better rate was paid for an Handysize to perform agriculture products business from East Coast India to West Africa.
Banchero Costa and Co Spa
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