Capesize (Atlantic and Pacific)
Finally market picked up substancially on both basin but driven by Atlantic cargoes from Brazil. Front haul voyage settled the week in excess of 21usd and at the end of week It seemed like there were more to go. Atlantic round closed above 7,000. West Australia/China voyage reported good gain being fixed at 8usd; on Time Charter 8,000usd was agreed for a 169dwt del North China prompt for a round.
Panamax (Atlantic and Pacific)
Freight market finally saw some positive trend during the second half of the week when more cargoes appeared in Far East, despite the continuing lull in Atlantic. The Atlantic activity was rather limited with USG trip to Far East talked at about $12,750 daily + $275,000 ballast bonus or $43/ton on voyage basis for China redelivery. At the end of the week there were still a few cargoes from East Coast South America at poor rates around $12,250 + $225,000 ballast bonus. For trips within Atlantic, rates were extremely low with short Baltic round fixed at $500 daily and some longer trips at $1,500 daily. Viewed from the East, the market showed some upward trend, supported by springing cargoes from NoPac in the middle of the week. By the end of the week candidates in Japan could earn $5,500 daily for NoPac or E. Australia business. For the E .Kalimantan/Far East round, modern tonnage was evaluated at $6,000 daily + $80,000 ballast bonus, a little bit better than last week. Rates for short period were still hovering at around 6,000 daily for 4/8 months with few owners willing to conclude.
Handy (Far East/Pacific)
Rates improved on the Indonesia/India coal trade. Tonnage with delivery dop East Coast India saw better rates and tonnage delivery Spore area was fixing at the end of the week well above $10,000 daily. Due to the slight improvement in the Pacific market, trips to China were agreed at lower rates then India, but a Nickel Ore round was rumoured at 11,000/d. This positive trend in Pacific affected backhaul rates with owners that obtained a dual rate: a basic rate for a fixed period and a much higher rate for the rest of the trip. Period interest was limited to smaller tonnage and to short durations, at higher rates through the week.
Handy (North Europe/Mediterranean)
This market was more active with more fixtures reported especially for larger Handies loading out of Continent. A few Supramaxes were booked at $11,500/13,000/d (depending on actual size) for trips to East Med with Scrap. Another Supra achieved $14,000/d with West Med delivery via Cont and Gulf of Aden and redelivery India Ocean. Activity in Black Sea was still very slow with Atlantic business a shade better than Fronthaul. A Supramax fixed at $8,000/d from BSea to Cont whilst a similar unit open in central Med fetched $14,000/d basis dely Canakkale for a trip to Indian Ocean. A fancy Handy got $8,750/d with dely Canakkale for 3/5 months with Atlantic redelivery.
Handy (USA/N.Atlantic/Lakes/S.America)
Despite the persisting slow activity in the area a strong $11,000/d was agreed fot a fancy 34,000 tonner for a trip with grains from S. America to Morocco. Another 38,000 dwt elder type was rumored at $9,000/d on the same trade: might be a sign of Handysize picking up again in the area? Activity for larger units was very limited in S. America. Supras were more active in NCSA/USG ranges especially on Transatlantic trades with rate holding at last dones. A few reports for Far East bound cargoes showed Supra rates declining.
Handy (Indian Ocean/South Africa)
While Indonesia coal trade brought a little help to Supramax owners with East Coast India positions, tonnage open West Coast India/Persian Gulf range kept struggling. Enquiries for local trips were smaller and rates unattractive. A Supra was rumoured at around $8,000/d for a trip Persian Gulf/China which likely will included Iran trading making the rate quiet unattractive.
Banchero Costa and Co Spa
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