Capesize (Atlantic and Pacific)
A quite huge improvement was recorded in the Capesize segment during the week: 5TC average gained more than $8,000/d going from $15,700/d to $24,200/d. Tubarao-Qingdao route gained overall more than $4/mt during the week for end October laycan: rates went up progressively until Wednesday touching low $18/mt and then reached $20.50/mt on Thursday and Friday. Brazilian RV went up as well going from mid $16,000/d to almost $24,000/d. Saldanha Bay-Qingdao route followed the same path going from mid-$12/mt to low $15/mt with some higher fixtures reported between Wednesday and Thursday. W Australia-Qingdao route went up as well going from $7/mt up to high $8/mt, gaining almost $2/mt during the week for mid-October laycan. Rates on Pacific RV increased too going from mid $16,000/d to almost $24,000/d. Rates in the Atlantic basin went up as well with some very high fixtures done at the middle of the week: Fronthaul showed a time charter equivalent of $40,000/d touching $46,000/d on Friday. TransAtlantic RV followed the same path: it gained almost $10,000/d during the week going from $14,000/d to $23,600/d.
Panamax (Atlantic and Pacific)
Marginal gains were recorded at the beginning of the week in the Atlantic basin, especially in the North as per previous week. In the Pacific basin it was a slow start of week due to Japanese holidays with limited activity reported. P5TC average increased overall $500/d during the week reaching on Friday $12,423/d: this was mainly due to an improved mineral demand from Baltic area and a shorter position list. The N Atlantic area was a tier-two market: a tightness of tonnage was recorded in Cont while a large number of Baltic mineral cargoes paid better numbers than previous week showing strong gains on TransAtlantic RV that closed on Friday at $11,980/d. Modest gains were recorded on Pacific routes: Pacific RV reached $12,191/d mainly due to a solid NoPac demand but a limited one from Indonesia and Australia. Anyway the week closed showing positive returns, the Panamax market was again driven by the Atlantic basin and in particular by USG area.
Handy (Far East/Pacific)
The market in F East kept increasing especially on Supramax units where rates were around $1,000/d more than previous week. In the Handysize segment rates remained more stable on all routes. A 63,000 dwt with dely N China was rumoured at mid $11,000/d for a trip via E Australia to Vietnam. As regards West direction, a 61,000 dwt with dely Vietnam was rumoured at $10,000/d for a trip via Indonesia to WCI and a 50,000 dwt with dely Myanmar was reported at $8,500/d for a trip via Indonesia to the same direction. In the Handysize segment, a 36,000 dwt with dely Vietnam was fixed at $7,250/d for a trip to S China with limestone and a 33,000 dwt with dely S Korea took $7,500/d for a trip via CIS to S Korea.
Handy (North Europe/Mediterranean)
Firm market in Cont both on Handysize and on Supramax units. In the Handysize segment, a nice 32,000 dwt was rumoured at $12,000/d basis dely dop N Spain/N France for one Cont RV with coal cargo. Another one nice 34,000 dwt was rumoured at $14,750/d basis dely dop Cont for one trip to USEC. In the Supramax and Ultramax segments, a 63,000 dwt was fixed for a Fronthaul trip with petcoke at $23,000/d basis redely China from Cont while a fancy Tess 58,000 dwt was rumoured at $18,500/d basis dely aps Cont with scrap Cargo to E Med, 35 days duration wog. The market in Med was a little less active than in Cont as regards Handies. 33/38,000 dwt units were rumoured at $11/12,000/d on trips BSea-W Med basis dely Canakkale (same rates were rumoured for redely E Med). Rates on trips to Cont basis dely Canakkale were rumoured at $9,500/d for 32,000 dwt units and at $10,000/d for larger units. Rates on trips to USG were rumoured at $10/11,000/d, to USEC around $12/13,000/d and to USWC at $17,000/d all basis dely Canakkale. Rates on short period deals with redely Atlantic were rumoured at $12,500/d. Steady uptrend in the Supramax segment: rates on Fronthaul into SE Asia were rumoured at $21/22,000/d for Tess 58 units basis dely Canakkale and at $25/25,500/d for WCI redely. Rates on short period deals were rumoured at $12/12,500/d with redely in the Atlantic basin.
Handy (USA/N.Atlantic/Lakes/S.America)
Stable week in the Supramax and Ultramax segments: rates on TransAtlantic RV were still in the $15,000/d on Supramax units and around $16/17,000/d on Ultramax units. On Fronthaul, rates on Supramax units were closer to $20,000/d while on Ultramax were in the mid/high $20,000/d. In the Handysize segment continued the upward trend of previous week: on TransAtlantic RV, 32/35,000 dwt units were rumoured around $13,000/d while larger 36/39,000 dwt units were in the $16,000/d. The market in ECSAm kept showing good numbers on smaller units: rates on Handies for trips to Cont/Med in fact gained $500/600/d reaching $13/13,500/d. A 36,000 dwt was rumoured on Friday at $14,500/d for trip to Baltic. Rates on Brazilian coastal trips increased too going from $11,000/d to $12,500/d; rates on trips to F East increased as well reaching $17,000/d even if few cargoes were reported to that direction. Rates on trips in the Atlantic decreased for Supramax and Ultramax units respectively from $17,000/d and $18,000/d to $16,500/16,750/d and $17,500/17,750/d. Rates on trips to F East remained pretty much unchanged around $14,500/d + 450,00 bb on Supramax units and around $15,000/d + 500,000 bb on Ultramax units.
Handy (Indian Ocean/South Africa)
Few fixtures reported on Supramax units: rates were rumoured at $12/13,000/d basis dely aps Fujairah for trips with redely ECI/Bangladesh range with limestones and aggregates. Few Supramax units were rumoured around $13,000/d-mid $13,000/d for WCI loading with redely Bangladesh. Supramax units were rumoured around $12,000/d-mid $12,000/d to F East destination. From SAfr a Ultramax was fixed at high $12,000/d + 275,000 bb with coal Cargo to MEG/WCI range. The market mostly remained around levels similar to last done: Supramax units were rumoured around $11,500/11,750/d + 150/175,000 bb for such trips. For SAfr-FEast trips Supramax units were rumoured around mid $12,000/d + 250,000 bb.
Banchero Costa and Co Spa
Email: research@bancosta.it
Internet: www.bancosta.it