Capesize (Atlantic and Pacific)
Steady start of the week for the Capesize market with a light drop approaching the end of the week. The Atlantic basin remained tight with some reports for TA done at $15,5/16,000 daily. It is rumoured that vessels with good ECOs had an easy game compared to other ships with worst speed and consumptions. Fronthaul droped $1/1,5 per mt with Tubarao/Qingdao at $19,75. A fixture was reported on this run at $21/mt, but charterers did not emerge so far. Another rumour was about a trip via Tubarao with redely S. Korea at a strong $24,000/d. In the East rates remained more stable. The West Australia/China trade was stable between the $7,70/mt and $7,85/mt. On TCT basis there were some rumours of a vessel booked dely Qingdao via West Australia and back to Qingdao concluded at $14,000/day, the Pacific Round Voyage firmed at $12,000/d. From S. Africa there were reports of activity to the East: a 171,000 tonner was concluded at $8.30/mt basis Richards Bay/Rotterdam first half of August.
Panamax (Atlantic and Pacific)
Rates for Panamax tonnage in the Atlantic were still under a bit of pressure with spot/prompt tonnage still seeing higher levels due to the limited number of ships available and owners are still reluctant to go East. A N. Atlantic round paid $17,000 daily for prompt tonnage from Swinoujscie. Two laden leg trips for early dates in the Med achieved $13,000 daily, paid to a 75,000 tonner open Malta. From ECSAm the market was still paying good rates for prompt tonnage with early- August delivery agreed $15,150 daily plus a $500,000 bb for a trip out with also a rumour that a Kamsarmax agreed $16,000 daily with a $600,000 bonus. However a cautious approach is required, with fresh enquiry needed to support current levels, as tonnage has started to build up. In the East the focus has largely been on Indonesia cargoes, with tonnage still tight in South East Asia. Australia and NoPac coal shipments have slowed however with owners willing to ballast to South America and US Gulf, rates for local trips have held and in some instances firmed. There has been interest in period ships, but owners have been slow to respond and are holding out for improved numbers. A 77,000 tonner agreed $8,250 daily for four to six months trading with retroactive delivery Dalian 16 July.
Handy (Far East/Pacific)
A good amount of available spot business kept Supramax owners busy and allowed rates to easily remain at last dones. From Indonesia a good amount of coal kept moving into India with rates for tonnage delivering in the loading area in the $12,000/d or equivalent lower hire plus ballast bonus. On that trade two standard 57,000 dwt were fixed basis delivery S. China at $9,000/d and $8,250/d whilst a third one got $7,000/d dely dop EC India via Indonesia to China. No other Supramaxes were reported booked to China, but the increased amount of nickel ore carried there from SE Asia meant that Supramaxes dely S. China should fetch at least $10,000/d. A Supramax was rumored booked a short trip with coal from CIS Pacific to China at $12,000/d while a 48,000 was rumored fixed basis dely N Pacific for a trip to SE Asia at about $8/8,500/d + 300/350,000 bb. A 61,000 newbuilding agreed $11,500/d for 8/13 months period. Smaller Handysize market showed a 31,000 tonner booked $7,000/d for China RV via New Zealand and a 28,000 was rumored booked for short period at $7,250/d basis dely SE Asia.
Handy (North Europe/Mediterranean)
Activity concentrated on short period fixing for a which a 53,400 tonner agreed $10,750 for 2/3 laden legs with dely Casablanca and redely Atlantic, and a 57,900 tonner got $15,000/d for 3 to 5 months dely BSea redelivery worldwide. On smaller sizes a fancy 33,700 dwt agreed $8,500/d for 3 to 5 months with dely Egyptian Med and redely Atlantic, while a 28,000 tonner, nice type, fixed $8,500/d with dely N. France and same duration. Less fixtures were reported on spot trading where 35,000 mt of bulk wheat were fixed on voyage basis from the very expensive port of Nikolae (Ukraine) to Mombasa at $36.50/mt and a 52,000 tonner was said to have agreed $14,000/d to perform a trip from Cont to Med.
Handy (USA/N.Atlantic/Lakes/S.America)
A good amount of chartering interest was available for business loading from S. America where a fancy 55,000 tonners agreed $17,500/d to carry sugar from Santos to Nigeria. A 33,000, fancy type, booked Recalada/Med trip with grains at a firm $12,000/d and a 56,800 tonner was rumoured agreed at good of about $19,000/d for the same trade. Out of USG a sophisticated 61,000 dwt achieved firm $ 22,000/d basis dely aps Texas to carry pet coke to Turkey. A 50,000 tonner achieved $19,500/d to perform a prompt USG/FEeast employment and an aged 43,000 dwt still booked a firm $15,000/d with dely dop NCSAm to WCSAm via USG.
Handy (Indian Ocean/South Africa)
No fixtures reported for tonnage loading out of PG or India, from were the rice traders were said to have taken some good rates for handysize stems to WAfr. A little bit more activity was seen for stems loading from S. Africa to FEast. A 55,000 tonner agreed at $8,500/d plus 250,000 bb and other two vessels were rumoured fixed: a 45,000 tonner at around $12,000/d with dely dop WAfr and a 52,000 tonner at low $8,000/d plus about $250,000 ballast bonus with dely S Africa.
Banchero Costa and Co Spa
E-Posta: research@bancosta.it
Internet: www.bancosta.it