Capesize (Atlantic and Pacific)
There was feeling that market was toppish last week. Atlantic was quieter and fixtures reported were in the mid $22 basis Tubarao/Qingdao. Tonnage ballasting to Brazil was increasing as owners are unwilling to remain in Pacific at the beginning of the year worried about bad
weather in Australia. In Pacific, activity from West Australia to China was constant, but rates touched $10 and were talked even below that level as the week drew to the closing. However it was worth noting a good enquire from East Australia for November loading.
Panamax (Atlantic and Pacific)
The Atlantic market was still suffering from sliding rate and gloomy feeling of the previous week. For transatlantic business rates with aps delivery basis played a dominating role at around $6,500+low200,000 bb level. Trade from USG to Far East was also limited with rate dropping to $14,000+400,000bb level by the end of the week. On the Pacific side, rates were stable and spot market was even firmer. A good candidate in Japan claimed to have got $8,750/d for NoPac biz and a normal Panamax in Japan was concluded at $7,250/d for the same trip. Spot vessels in S. China were still chased by many cargoes with India direction and rates were talked at $7,000 to $7,500/d level. There was a few activity short period with rates still hovering at $7,000 daily for 4/8 months.
Handy (Far East/Pacific)
A large number of Supramax tonnage was fixed, mostly for loading ex South East Asia. Rates for coal to India remained to previous week levels. During the same day some owners with tonnage available near the loading port managed to achieve ballast bonuses for dely on aps basis. This compared to larger "flat rate"with no bb should limit owners'risk to end up with a smaller income arising from a shorter duration. The only reported fixture out of NoPac (basis aps rate plus ballast bonus) did not show any improvement. Backhaul business to West Africa and Europe paid slightly better figures. Short period interest was limited with levels unchanged from the previous week.
Handy (North Europe/Mediterranean)
Trading from this area was again terribly quiet with almost no rumors of concluded activity. Chartering interest, that was already small from N. Europe to Med waters decreased further and so did the rates. Black Sea was very quiet, but Handysize rates for grains loading out of this area to South Europe and North Africa were rumored a bit higher.
Handy (USA/N.Atlantic/Lakes/S.America)
The market was quieter also in Atlantic Americas during last week, in particular for Handies from USG. Supramax could find some employments for TransAtlantic destinations at improved levels. Some fixing and failing was heard during the week. East bound business was lacking and with only a couple of deals rumored, but no details emerged. Supramax interest was very slow also from South America where now also smaller Handies are achieving lower rates for TransAtlantic business with grains.
Handy (Indian Ocean/South Africa)
Trading out of these waters has been a trend for quiet some times, now the on-going holidays, ending this weekend, brought a further paralysis to the activity. The only activity heard is around some Supramax stems from Persian Gulf and India to Far East. The only fixture reported was done at lower rates basis loading Persian Gulf. Another unit was rumoured for a trip from EC India to China at a TC rate in the $4,000/d level.
Banchero Costa and Co Spa
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