Capesize (Atlantic and Pacific)
Capesize market showed a very positive week with rates quickly improved in all basins reaching $16,269/d as average of 5TC on Friday from $10,141/d of the week before. In Pacific all the majors were in the market and the standard route from West Australia to Qingdao gained almost one dollar per mt with latest fixtures done at $6.35/mt bss end November ETA West Australia. On timecharter basis $14,000/d was agreed for dely china bss Pacific RV. Trades on the route from Saldanha Bay to Qingdao followed the positive trend and $10.50/d was fixed bss early December dates. The lack of ballasters heading towards Brazil forced charterers to pay definitely more and apparently close to $13/mt was agreed bss mid-December ETA, improving by 2 dollars per mt compared to the week before. Several deals were done on TC bss in the region of $13,000/$14,000/mt bss dely China for Brazil RV. In Atlantic a sudden presence of fresh cargoes both for TransAtlantic and fronthaul pushed rapidly rates up with TransAtlantic traded at around $18,000/d or $9.25/9.50/mt on the route from Bolivar to Rotterdam for early December dates. Fronthaul rates reached around $25,000/d bss dely Skaw/Passero and redely Spore/Japan range. Some activity for short period with some deals done index link basis.
Panamax (Atlantic and Pacific)
A strong push on rates have been seen throughout the Atlantic area towards the end of the week with a strong feeling that could also reach $9,000/d + $400,000 bb on an 82,000 dwt for trips via ECSA to F East during next week. Kamsarmax vessel was reported fixed at $15,000/d with dely Poland for one trip via Baltic redely ARA, while a 76,000 dwt was fixed bss Portbury for a Baltic trip to Taranto at $11,000/d with redely Gib. An 82,000 dwt vessels were also seen fixing $13,000/d for 2 laden legs with redely Atlantic, similar levels were also reported fixed on a 75,000 dwt for trip via B Sea to F East basis Izmit dely. From ECSA a 76,000 dwt was fixed at $7,500/d + $250,000bb basis COGH dely for trip via ECSA to F East while a 75,000 dwt was reported fixed at $9,500/d for trip via ECSA to Cont with Skaw-Gib redely. Kamsar to China were reported fixed at $16,000/d on an 82,000 dwt while from USG levels seen for trip F East an 81,000 dwt was fixed basis aps USG for redely Spore-Japan range at $12,000/d + $400,000 bb and a 93,000 dwt was reported $9,500/d + $250,000 bb bss aps dely for trip to Cont with redely Gib-Skaw. In F East a 73,000 dwt was reported fixed at $8,000/d for trip via Indo to S China basis Tanjun Bin dely while a 75,000 dwt fixed basis Zhanjiang dely for a trip via Australia to MEG with redely PMO at $7,250/d. Kamsarmax vessels have been reported fixing $7,500/d for NoPac RV basis CJK dely and $8,500/d for trip via Indo to S China basis Zhanjiang delivery. On the period front we have seen a strong activity with vessels delivered in Cont where an 81,000 dwt fixed 5-8 months basis Immingham delivery at $9,750/d redelivery WW while a 93,000 dwt was reported fixed tick less at $9,500/d basis Hamburg dely. A 76,000 dwt was reported fixed at $7,000/d for 4-6 months basis Tianjin dely.
Handy (Far East/Pacific)
The volume of cargoes in this area didn't show any increase, but a shorter list of Supramaxes in prompt position, occasionally, allowed some owners to fix slightly better rates. Coal on the trade from Indonesia to China showed the usual 57,000 size non fancy type done at $5,250/d close to a small Ultramax agreed at $6,250/d and another 57,000 fixed at $6,000/d. A Tess-52 was booked for 3 to 5 months period at $6,200/d with delivery Philippines, while an Ultramax delivering S Korea fixed a NoPac RV at $5,500/d with redelivery SE Asia. On the same trade a non-fancy 56,000 dwt booked a similar trip at $5,100/d and a less favourable redelivery at Japan.
Handy (North Europe/Mediterranean)
Supramax fixed from Med W Africa showed rates decreasing through the week. A non-fancy 56,000 dwt was booked at $11,750/d from S Spain to W Africa, followed by a 58,000 dwt eco type done at $11,000/d with dely at Turkish Med. A 55,000 dwt carrying fertilizers from Morocco to India was fixed at $10,000/d plus $140,000 bb with aps dely. Grain export from B Sea to N Africa and Europe was still active but not enough to cover all the available tonnage positions, so far rates kept similar to the previous week. Very few news for spot business loading from N Europe included an Ultramax fixed with dely passing Gibraltar for a fertilizer cargo from the lower Baltic to India at a quite strong $14,500/d.
Handy (USA/N.Atlantic/Lakes/S.America)
Trades in these waters showed a more discontinuous trend on the Atlantic Americas coasts with no sensible affection to the rate levels. A fancy Supramax was booked from S America to SE Asia at $10,000/d plus $100,000 bb, while a smaller one fixed a short coastal trade in the area at $10,500/d and a similar vessels was done for 3 to 5 months period, with Atlantic redely, at $8,250/d. An Ultramax delivering W Africa fixed 100/140 days timecharter redely WW at $9,500/d and she's expected to load at S America. Another Ultramax delivering USG got a daily rate of $12,500/d for minimum 90 days trip with redely MEG-Japan range, a 55,000 dwt was fixed with scrap from USEC to Turkey at $13,000/d and a fancy 36,000 tonner was booked from the same loading area to Med at a nice $9,600/d.
Handy (Indian Ocean/South Africa)
Finally an increase in the activity was reported in the area allowing, in addition to a smaller amount of tonnage available in the area, owners to see some improvement on rate in the spot market. Two Ultramaxes were booked in the mid $11,000's daily with delivery S Africa to carry coal to China and, with a similar delivery, a non-eco Supramax was fixed at $13,000/d loading coal to the MEG. Carrying iron ore a similar vessel got $7,600/d delivery and loading Bandar Abbas to China and a third one was fixed at $7,050/d for the same trip except for the delivery in Kuwait via Iran. A fancy 58,000 carrying fertilizers from MEG to Thailand agreed $8,500/d and same rate was paid to a smaller and worse 56,000 dwt for a similar trip with redelivery EC India.
Banchero Costa and Co Spa
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