Capesize (Atlantic and Pacific)
The Capsize market was positive with the 5TC average that gained more than $1,500/d. Tubarao/Qingdao gained $0.30 every day of the week, just slowing down a bit on Friday and closed at $19/mt. W Australia-Qingdao was positive as well, but less volatile being already the highest paying route, on Friday it closed at $8.75/mt. Saldanha Bay-Qingdao was rather quiet during the first two days of the week, but then activity improved and on Thursday $2/mt hike was recorded with a couple of fixtures around mid $15s/mt and closed on Friday at $14.97/mt. On the Atlantic side, the market was a bit quieter; fronthaul still had some difficulties to improved and remained almost stable, the same happened to TransAtlantic. Not much on period activity, some owners were offering $20,000/d for short/middle periods.
Panamax (Atlantic and Pacific)
No sign of recovery for Panamax rates: apparently the bottom was reached with some fresh demand, but the tonnage oversupply prevented rates to increase. In the Atlantic the USG market looked more active with more demand coming from grain cargoes to F East, but the number of ballasters (even from F East) kept competition strong. From ECSAm the activity showed a bit more action with some fresh cargoes quoted, but rates hardly exceed the last dones. In Pacific rates were very lousy, well below $10,000/d on all routes despite some good activity for coal from Indonesia. On period not much to report except for a nice Kamsarmax fixed in direct continuation to Cargill at $11,000/d for 1 year.
Handy (Far East/Pacific)
The market kept decreasing although the negative trend seemed to be less aggressive; Supramax/Ultramax rates decreased around $1,000/d compared to the previous week. A 58,000 dwt with dely Hong Kong was reported at $7,000/d for a trip via Indo to mid-China and two slightly smaller units 55,000 dwt and 53,000 dwt with dely Vietnam achieved $7,250/d and $7,000/d respectively for the same trip. Again, with Vietnam dely, a 48,000 dwt was rumored at $8,000/d for a trip to China with clinker and a similar unit with dely Thailand got $8,250/d for a trip to S China with sand. A 56,000 dwt vessel with dely S. Korea was rumored at $7,750/d for a trip via NoPac to Spore/Jpn. An Ultramax with dely HK was reported at $7,000/d for a trip via Indo to Vietnam. On west bound trades a modern Ultramax with dely S China was fixed at $7,250/d for a trip to WCI. No fixtures reported on Handysize, but the market is assessed some $400/d lower than the previous week.
Handy (North Europe/Mediterranean)
The market in Cont was slow. On Handies a nice/shallow 38,000 dwt was rated around $8,000/d basis dely dop Cont for trip via N Cont and back to ARA range while owners were asking region $10,000/d. Trips to E Med basis on Handies were fixed around $9/10,000/d depending on vessel specs. A little more activity was spotted for Ultramax and a 63,000 dwt was rumored at $9,750/d with grains basis dely Cont and redely E Med and a similar unit got $10,000/d on the same trip with scrap or coal. In Med/BSea the market remains weak; an Ultramax was done at $10,000/d for trip to Cont, a Supramax achieved $9,000/d for trip to W Africa with clinker and another Supramax got $14,000/d from Canakkale to Chittagong.
Handy (USA/N.Atlantic/Lakes/S.America)
In USG Supramax/Ultramax rates kept decreasing and Supramax were fixing around $12,000/d level for Atlantic TCT and around $19,000/d for Spore/Jpn; Ultramax were getting the usual $2/3,000/d premium. Handysize tonnage list lengthened for November dates and rates softened further; on USGMed trades 32/35,000 dwt were fixing around $9,500/10,000/d and larger 37/39,000 dwt around $11,000/d. The expectation is for this negative trend to persist in the coming weeks. ECSAm market was still decreasing despite some new cargoes started appearing. Handysize 38,000 dwt were getting $11/11,500/d to Skaw/Passero. Trips to F East were quite unattractive in the low $10,000s/d moreover very few cargoes were seen in that direction. Tess58 were generally willing to fix around $13,000/d + 300,000 bb to F East and Ultramax were targeting $13,750/d + 375,000 bb, but seeing $13,500/d + 350,000 bb in the best cases. Trips to Cont/Med were done between $12/14,000/d on Supramax.
Handy (Indian Ocean/South Africa)
A rather quiet week in the area with rates somewhat stable. A 53,000 dwt from Pakistan got around mid $10,000s/d to perform the usual UAE – India limestone trade. A small Supra with dely WCI got $11,000/d for a trip with aggregates to Chittagong. Other than minerals there were a few fetilizer stems paying slightly higher rates. From EC India a 58,000 dwt fixed around $9,500/d for a trip to SE Asia. From S Africa to MEG/WCI Supramax were rated around $10,000/d + 75,000 bb and a Mitsui 66 got $12,000/d + 200,000 bb to Sri Lanka.
Banchero Costa and Co Spa
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