Friday, December 25, 2009
Daily Summary of Baltic Exchange Dry Indices 23 December 2009
Baltic Exchange Dry Index TM 3023 (DOWN 40)
Baltic Exchange Capesize Index TM 3917 (DOWN 124)
Baltic Exchange Panamax Index TM 3544 (UP 46)
Baltic Exchange Supramax Index TM 2246 (DOWN 18)
Baltic Exchange Handysize Index TM 1173 (DOWN 13)
Daily Summary of the Baltic Exchange Time Charter Routes
Rate($/Day) Change
BCI
Average of the T/C routes $37556 (DOWN 1417)
BPI
Average of the T/C routes $28432 (UP 364)
BSI
Average of the T/C routes $23488 (DOWN 187)
BHSI
Average of the T/C routes $17075 (DOWN 172)
Baltic Exchange Capesize Index 3917 (DOWN 124)
Route
Number Description Weighting Average Movement
C2 160000lt Tubarao -Rotterdam 10 15.477 -0.496
C3 160000mt Tubarao - Qingdao 15 27.167 -1.312
C4 150000mt Richards Bay - Rotterdam 5 14.577 -0.218
C5 160000mt W Australia - Qingdao 15 11.064 -0.168
C7 150000mt Bolivar - Rotterdam 5 16.323 -0.486
C8_03 172000mt Gibraltar/Hamburg trans Atlantic RV 10 42591 -1818
C9_03 172000mt Continent/Mediterranean trip Far East 5 52692 -2423
C10_03 172000mt Pacific RV 20 33327 -1019
C11_03 172000mt China/Japan trip Mediterranean/Cont 5 21613 -408
C12 150000mt Gladstone - Rotterdam 10 20.300 -0.205
Average of the T/C Routes 37556 -1417
Baltic Exchange Panamax Index 3544 (UP 46)
Route
Number Description Weighting Average Movement
P1A_03 74000mt Transatlantic RV 25 32103 250
P2A_03 74000mt SKAW-GIB/FAR EAST 25 42350 814
P3A_03 74000mt Japan-SK/Pacific/RV 25 23212 264
P4_03 74000mt FAR EAST/NOPAC-AUST/SK-PASS 25 16064 126
Average of the T/C Routes 28432 364
Baltic Exchange Supramax Index 2246 (DOWN 18)
Route
Number Description Weighting Average Movement
S1A Antwerp - Skaw Trip Far East 12.5 33906 -88
S1B Canakkale Trip Far East 12.5 35167 -93
S2 Japan - SK / NOPAC or Australia rv 25 18755 -270
S3 Japan - SK Trip Gib - Skaw range 25 12231 -241
S4A US Gulf - Skaw-Passero 12.5 41861 -183
S4B Skaw-Passero - US Gulf 12.5 15003 -100
Average of the T/C Routes 23488 -187
The route(s) below do not form part of the index calculation
S5 W.Africa via ECSA to FarEast 0 33066 -228
S6 Jpn-SK trip via Aus/India 0 18633 -245
S7 EC India - China 0 26193 70
S8 Trial - Indonesia - EC India 0 18892 -583
Baltic Exchange Handysize Index 1173 (DOWN 13)
Route
Number Description Weighting Average Movement
HS1 Skaw - Passero trip Recalada - Rio de Janeiro 12.5 13457 -300
HS2 Skaw - Passero trip Boston - Galveston 12.5 13229 -257
HS3 Recalada - Rio de Janeiro trip Skaw - Passero. 12.5 23294 -17
HS4 US Gulf trip via US Gulf or NCSA to Skaw - Passero 12.5 25861 -311
HS5 SE Asia trip via Australia to Singapore - Japan 25 15521 -100
HS6 S Korea - Japan via NOPAC to Singapore-Japan 25 14858 -146
Average of the T/C Routes 17075 -172
Wednesday, December 23, 2009
The Daily Fixtures Report - 22/12/2009
-------------------------
BDI 3063 DOWN 91
BCI 4041 DOWN 243
BPI 3498 UP 38
BSI 2264 DOWN 33
BHSI 1186 DOWN 7
TIMECHARTER
'Iron Anne' 2006 82769 dwt dely Lianyungang 18/20 Dec trip via EC Australia redel Japan $24750 daily - Norden 'Ariana' TMT relet 2005 76613 dwt dely Dalian 20/22 Dec trip via NoPac & PG redel PMO $23000 daily - GIEX 'Salvatore Cafiero' 2001 75668 dwt dely Rotterdam 28/31 Dec trip via USEC redel S.Korea $41750 daily - HMM 'Goya' 2008 75500 dwt dely Port Dickson 26/30 Dec trip via Indonesia redel China $28250 daily - Winning 'Pessada' 1999 75484 dwt dely Brest 25/31Dec trip via US Gulf redel Skaw-Cape Passero $33500 daily - Cargill 'Leonardo Lembo' 1996 75229 dwt dely Lianyungang 21/27 Dec trip via Indonesia redel S.China $26500 daily - cnr 'Yong Jia' 2001 74500 dwt dely Amsterdam 23/30 Dec trip via US Gulf redel Singapore-Japan rge $41500 daily - Cargill 'Alpha Melody' Gencore relet 2002 74374 dwt dely Kaohsiung 25/30 Dec trip via Australia redel EC India excl congested ports $22000 daily - Noble - 17/12> 'Endless' 1999 73427 dwt dely aps US Gulf 20/25 Jan trip redel Singapore-Japan rge $36000 daily + $865000 bb - Farenco - 'Queso Uno' 1993 70312 dwt dely Hong Kong 28/30 Dec trip via Australia redel China $24500 daily - Cetragpa 'Shun Ji Xing' 1983 69011 dwt dely S.China 25 Dec/5 Jan trip via Indonesia redel China $13500 daily - cnr 'Harmony Falcon' 1981 65960 dwt dely Mundra 21/31 Dec trip via WC India redel China $25000 daily - Sea Goa 'Gem of Cochin' 1982 64975 dwt dely Kwangyang 29 Dec/7 Jan trip via Indonesia redel Singapore-Japan rge - S.Korean chrtr 'Gem of Mumbai' 1981 61796 dwt dely S.Korea 30 Dec/5 Jan trip via Indonesia redel Singapore-Japan rge $14000 daily - cnr 'Mandarin Harvest' 2009 57000 dwt dely north China spot trip via Nopac redel Singapore-Japan rge $18100 daily - Cargo Levant 'Prabhu Gopal' 2003 56025 dwt dely Lianyungang 1/5 Jan trip via Indonesia redel India approx $16000 daily - Isaphia 'Port Menier' 2007 53825 dwt dely Haldia 23/28 Dec trip redel China $28300 daily - Seawin 'Genco Prosperity' 1997 47186 dwt dely Guanta 27/29 Dec trip via USGulf redel Korea $40000 daily - Cargill 'Clipper Lancaster' 1996 28249 dwt dely Tianjin 24/26 Dec trip via China redel east coast India $17000 daily - cnr
PERIOD
'Navios Lumen' newbuilding 181000 dwt dely retro ex yard S.Korea 10 Dec 3/5 months trading redel worldwide $38000 daily - Swiss Marine 'Sonoma' 2001 74786 dwt dely N.China 5/10 Jan 2 years trading redel worldwide $19500 daily - Sinochart 'Kang Shun' 2004 55566 dwt dely Lianyungang spot 4/6 months trading redel worldwide $21500 daily - Oldendorff -
ORE
'Hanjin TBN' 170000/10 Port Hedland/Kwangyang a/o Pohang 31 Dec/9 Jan $9.75 fio scale/45000sc-55000sc - POSCO 'Genco Tiberius' J.Aron relet 2007 150000/10 Tubarao/Qingdao 20/30 Jan $29.50 fio scale/30000sc - Classic Maritime 'Cargill TBN' 150000/10 Tubarao/Port Kelang 1/10 Feb $27.50 fio scale/18000sc - PCL 'Glory Shanghai' 1981 140000/10 Goa/Qingdao 15/24 Jan $18.00 fio 15000sc/30000sc
- Noble
COAL
'London Courage' 2007 160000/10 Richards Bay/Rotterdam 12/24 Jan $14.75 fio scale/25000sc - Oldendorff
Tuesday, December 22, 2009
Daily Summary of Baltic Exchange Dry Indices 21 December 2009
Baltic Exchange Dry Index TM 3154 (DOWN 104)
Baltic Exchange Capesize Index TM 4284 (DOWN 282)
Baltic Exchange Panamax Index TM 3460 (UP 12)
Baltic Exchange Supramax Index TM 2297 (DOWN 25)
Baltic Exchange Handysize Index TM 1193 (DOWN 6)
Daily Summary of the Baltic Exchange Time Charter Routes
Rate($/Day) Change
BCI
Average of the T/C routes $42058 (DOWN 3400)
BPI
Average of the T/C routes $27769 (UP 95)
BSI
Average of the T/C routes $24023 (DOWN 251)
BHSI
Average of the T/C routes $17343 (DOWN 89)
Baltic Exchange Capesize Index 4284 (DOWN 282)
Route
Number Description Weighting Average Movement
C2 160000lt Tubarao -Rotterdam 10 16.859 -0.936
C3 160000mt Tubarao - Qingdao 15 30.167 -1.375
C4 150000mt Richards Bay - Rotterdam 5 15.614 -0.636
C5 160000mt W Australia - Qingdao 15 11.623 -0.741
C7 150000mt Bolivar - Rotterdam 5 17.623 -1.009
C8_03 172000mt Gibraltar/Hamburg trans Atlantic RV 10 47841 -3795
C9_03 172000mt Continent/Mediterranean trip Far East 5 60000 -4692
C10_03 172000mt Pacific RV 20 37000 -3712
C11_03 172000mt China/Japan trip Mediterranean/Cont 5 23392 -1400
C12 150000mt Gladstone - Rotterdam 10 21.195 -0.845
Average of the T/C Routes 42058 -3400
Baltic Exchange Panamax Index 3460 (UP 12)
Route
Number Description Weighting Average Movement
P1A_03 74000mt Transatlantic RV 25 31440 32
P2A_03 74000mt SKAW-GIB/FAR EAST 25 40929 399
P3A_03 74000mt Japan-SK/Pacific/RV 25 22802 -23
P4_03 74000mt FAR EAST/NOPAC-AUST/SK-PASS 25 15905 -29
Average of the T/C Routes 27769 95
Baltic Exchange Supramax Index 2297 (DOWN 25)
Route
Number Description Weighting Average Movement
S1A Antwerp - Skaw Trip Far East 12.5 34094 -234
S1B Canakkale Trip Far East 12.5 35480 -165
S2 Japan - SK / NOPAC or Australia rv 25 19583 -359
S3 Japan - SK Trip Gib - Skaw range 25 12844 -328
S4A US Gulf - Skaw-Passero 12.5 42478 -139
S4B Skaw-Passero - US Gulf 12.5 15272 -106
Average of the T/C Routes 24023 -251
The route(s) below do not form part of the index calculation
S5 W.Africa via ECSA to FarEast 0 33561 -211
S6 Jpn-SK trip via Aus/India 0 19255 -345
S7 EC India - China 0 26192 59
S8 Trial - Indonesia - EC India 0 20015 -580
Baltic Exchange Handysize Index 1193 (DOWN 6)
Route
Number Description Weighting Average Movement
HS1 Skaw - Passero trip Recalada - Rio de Janeiro 12.5 13907 -186
HS2 Skaw - Passero trip Boston - Galveston 12.5 13643 -78
HS3 Recalada - Rio de Janeiro trip Skaw - Passero. 12.5 23378 -139
HS4 US Gulf trip via US Gulf or NCSA to Skaw - Passero 12.5 26300 -117
HS5 SE Asia trip via Australia to Singapore - Japan 25 15656 -75
HS6 S Korea - Japan via NOPAC to Singapore-Japan 25 15100 -21
Average of the T/C Routes 17343 -89
Thursday, December 17, 2009
The Daily Fixtures Report - 17/12/2009
-------------------------
BDI 3376 DOWN 98
BCI 4875 DOWN 248
BPI 3436 DOWN 8
BSI 2340 DOWN 26
BHSI 1213 DOWN 14
TIMECHARTER
'Mining Star' 2005 76160 dwt dely Qingdao 20/25 Dec trip via EC Australia redel China $23000 daily - BHP Billiton 'Prabhu Puni' 2002 76015 dwt dely Lanshan ppt trip via Indonesia redel China $23000 daily - cnr 'Ever Mighty' 1996 75265 dwt dely Sual 19/25 Dec trip via Indonesia
redel Taiwan $28000 daily - Norden 'Amira' 2001 74507 dwt dely China 15/25 Dec trip via EC Australia redel China $23000 daily - BHP Billiton 'Garv Prem' 2006 74500 dwt dely Haldia 19/25 Dec trip via EC India redel China $28000 daily - Seawin 'Freia' 2002 74269 dwt dely SW Pass end Dec/ely Jan trip redel Skaw-Cape Passero $23750 daily + $400000 bb - ADM 'Tian Du Feng' 2001 74201 dwt dely Xingang ppt trip via NoPac redel China $23500 daily - cnr 'Hellenic Wind' 1997 73981 dwt dely Jintang spot trip via NoPac redel Far East $29000 daily - cnr 'Ioannis Zafirakis' 2004 73505 dwt dely Dalian 23/25 Dec trip via Australia redel Japan $25500 daily - MOSK 'Christina IV' 2000 72493 dwt dely Shenzhen 24/30 Dec trip via Bunbury redel Bahrain int alumina $29000 daily - 'K' Line - 'Royal Ocean' 1995 70677 dwt dely Samcheonpo 16/18 Dec trip via Indonesia redel China $21500 daily - North China Shipping 'Teng Fei Hai' 1995 69930 dwt dely Huangpu 18/22 Dec trip via Indonesia redel China $27750 daily - Great Pacific - 'Honest Spring' 2008 55641 dwt dely Rotterdam spot trip via Morocco redel New Zealand $35000 daily - Gearbulk 'Star Omicron' 2005 53489 dwt dely USGulf early January trip redel Singapore-Japan approx $50000 daily - Raffles 'Lord' 2004 52504 dwt dely Ghent spot trip via USGulf redel Med $27750 daily - Transgrain 'Genco Success' 1997 47000 dwt dely Gibraltar spot 2 laden legs redel Atlantic approx $22000 daily - Medmar 'Pearl River' 1998 44144 dwt dely Ghent spot trip redel Turkey $28000 daily - EMR - 'Seminole Princess' 1997 28503 dwt dely Port Said spot trip via Black Sea redel India $28000 daily - cnr
PERIOD
'Oinoussian Lion' 1996 71600 dwt dely Hamburg 26/31 Dec 4/6 months trading 1st leg ferts Muuga/China redel worldwide $34500 daily - Noble 'Esna' 1998 71571 dwt dely Gibraltar 1/10 Jan 3/5 months trading redel Atlantic $31000 daily - cnr
ORE
'ZOSCO Jiaxing' 2009 170000/10 Port Hedland/Qingdao 15/31 Jan $13.00 fio scale/30000sc - BHP Billiton 'Iron Beauty' 2001 160000/10 Dampier/Qingdao 1/15 Jan $13.50 fio scale/30000sc - Rio Tinto 'Camilla Bulker' 2009 160000/10 W.Australia/Qingdao 7/16 Jan $13.00 fio scale/30000sc - Pacific Bulk
COAL
'TBN' 70000/10 Mobile/Hamburg-Hansaport 5/20 Jan $25.00 fio 25000sc/20000sc
-
Cobelfret
GRAIN
'TBN' 25000/10 wheat Sevastopol/Mombasa end Dec $52.00 fio 12000sx/4000sc - Noble
Wednesday, December 16, 2009
The Daily Fixtures Report - 16/12/2009
-------------------------
BDI 3474 DOWN 44
BCI 5123 DOWN 31
BPI 3444 DOWN 61
BSI 2366 DOWN 47
BHSI 1227 DOWN 6
TIMECHARTER
'Pompano' 2006 174260 dwt dely Ijmuiden 29/31 Dec trip via Narvik & PG redel PMO $73000 daily - Kleimar 'Cecilia' 1999 170556 dwt dely China 20/30 Dec trip via Whyalla redel China $50000 daily - BHP Billiton 'Irfon' 1996 165729 dwt dely retro Rizhao 13 Dec trip via West Australia redel S.Korea $44000 daily - Hanjin 'Erradale' 1994 163554 dwt dely Hong Kong 20/25 Dec trip via West Australia redel China $47000 daily - Cargill 'Wu Zhu Hai' 2008 76427 dwt dely retro Cape Passero 13 Dec 2 laden legs 1st leg via New Orleans and Lazaro Cardenas with metcoke redel Skaw-Cape Passero $32500 daily - ArcelorMittal 'Fair Lady' 2005 76000 dwt dely Saleef 18/22 Dec trip via Black Sea redel China int minerals $40000 daily - cnr 'Pan Uno' 2001 75955 dwt dely aps Pascagoula end Dec trip redel Skaw-Cape Passero $32500 daily + $700000 bb - Cargill 'Salandi' 1999 74502 dwt dely Stade 19/22 Dec trip via Murmansk redel UKC $31750 daily - Oldendorff 'Lilian Z' 1999 74461 dwt dely Yangjing ppt trip via Indonesia chop EC Australia redel China $29000 daily - Noble 'Trans Pacific' Glencore relet 2004 74403 dwt dely Mitsushima 21/27 Dec trip via NoPac redel Singapore-Japan rge $21800 daily - STX Pan Ocean 'Aspendos' 2003 74380 dwt dely Lumut 20/22 Dec trip via Indonesia redel China $34000 daily - cnr 'Boreal' 2002 74181 dwt dely Xiamen 17/21 Dec trip via Philippines redel Japan $31000 daily - NYK 'Vitaspirit' 2001 74000 dwt dely Qingdao 18/20 Dec trip via NoPac redel Singapore-Japan $20000 daily - Cargill 'Hamburg Max' 1994 73496 dwt dely Kaohsiung 22/24 Dec trip via Indonesia redel Italy $17000 daily - Cargill 'Eleranta' 1995 73222 dwt dely Shekou 22/27 Dec trip via Indonesia redel Phlippines $26000 daily - Nordia Bulk 'Lowlands Sumida' 1998 72493 dwt dely retro Hachinohe 12 Dec trip via US Gulf redel Far East $30000 daily - cnr 'Teng Fei Hai' 1995 69930 dwt dely Huangpu ppt trip via Indonesia redel S.China $27750 daily - Great Pacific 'Mass Glory' 1993 69555 dwt dely Amsterdam 15/17 Dec trip via US Gulf redel SIngapore-Japan rge $39500 daily - British Marine 'Gem of Aqaba' 1982 65159 dwt dely Dangjin 21/25 Dec trip via Indonesia redel S.Korea $18500 daily - S.Korean chrtr 'GL Coronilla' 2009 58056 dwt dely Mizushima 18/20 December trip via Australia redel South-east Asia approx $18000 daily - cnr 'Freedom Lily' 2005 56056 dwt dely Kandla 25/30 December trip redel China $26500 daily - Jaldhi
'Neptune Pioneer' 2007 55921 dwt - incorrect>
'River Globe' 2007 53627 dwt dely Tuticorin 18/20 Dec trip redel China $29000 daily - SSNT 'Chryssa K' 2002 51535 dwt dely Tarragona spot 2 laden legs redel Atlantic approx $23500 daily - Cargill
PERIOD
'Zhen Feng' 1986 107544 dwt dely Lianyungang 24/30 Dec 9/11 months trading redel worldwide $21000 daily - Grand China Shipping 'C.Journey' 1995 73095 dwt dely China 25 Jan/5 Feb 11/13 months trading redel worldwide $20750 daily - Vitol 'Bao Wealth' 2009 57000 dwt dely Ningbo 16/21 Dec 4/6 months trading redel worldwide $21000 daily - IVSI
ORE
'CSK Beilun' 1999 160000/10 Dampier/Qingdao 4/13 Jan $13.50 fio scale/30000sc - Rio Tinto 'C.Corsier' 1991 160000/10 Dampier/Qingdao 1/15 Jan $13.50 fio scale/30000sc - Rio Tinto 'TBN' 160000/10 Tubarao/Qingdao 11/23 Jan $33.50 fio scale/30000sc - Oldendorff 'TBN' 160000/10 Tubarao/Qingdao 15/24 Jan $33.00 fio scale/30000sc - Sinochart
'Front Driver' Cosco relet 1991 / - business from Tubarao reported
15/12>
COAL
'TBN' 70000/5 Newport News/EC India 30 Jan/8 Feb $48.00 fio 35000sc/20000sc
-
SAIL
'Lovely Falcon' 1981 60000/10 Indonesia/China 18/23 Dec $17.00 fio 15000sc bends
- cnr
Tuesday, December 15, 2009
The Daily Fixtures Report - 15/12/2009
-------------------------
BDI 3518 DOWN 12
BCI 5154 UP 22
BPI 3505 DOWN 69
BSI 2413 DOWN 7
BHSI 1233 DOWN 6
TIMECHARTER
'Crystal Wind' 2009 76523 dwt dely EC South America end Dec trip redel Southeast Asia $35000 daily + $700000 bb - Bunge 'Maritime Harmony' 2008 76302 dwt dely Port Dickson 20/25 Dec trip via Indonesia redel India $36000 daily - cnr 'Glyfada I' 2009 75600 dwt dely Tachibana 16/20 Dec trip via NoPac redel Singapore-Japan rge $28000 daiy - STX Pan Ocean - 'Coral Seas' 2006 74432 dwt dely Jintang 18/25 Dec trip via EC Australia redel India $23500 daily - BHP Billiton 'Graecia Universalis' 2005 73902 dwt dely Butterworth spot trip via Indonesia redel Japan $30000 daily - MOSK 'Pacific Paradise' 1993 73645 dwt dely Qingdao 16/18 Dec trip via Australia redel China $22500 daily - Farenco 'Neptune Pioneer' 2007 55921 dwt dely Rizhao 22/25 December trip via Indonesia redel India $19000 daily - British Marine 'Angor' 2009 53100 dwt dely Port Said prompt trip via Black Sea redel PMO-Japan rge approx $37000 daily - Glingrow 'Thor Enterprise' 1995 42529 dwt dely USGulf end December trip redel Continent $37000 daily - Energy 'Maple Pioneer' 2008 32500 dwt dely Nantong spot trip via Japan redel Far East approx $18250 daily - cnr
PERIOD
'Maria' 2010 57000 dwt dely Far East March/April 2010 3 years trading redel worldwide $16000 daily - Michele Bottiglieri
ORE
'Tampa' 2008 170000/10 Port Hedland/Qingdao 1/10 Jan $13.50 fio scale/30000sc - BHP Billiton 'Golden Shui' 2009 160000/10 Dampier/Qingdao 17/22 Dec $13.25 fio scale/30000sc
- Rio Tinto
'TBN' 160000/10 Ponta Da Madeira/Qingdao 10/19 Jan $36.00 fio scale/30000sc
-
STX Pan Ocean
'United Treasure' 2006 70000/10 Ponta Da Madeira/Dunkirk 5/14 Jan $22.00 fio 3 days sc/4 days sc - Vale 'Harmony Falcon' 1982 60000/10 Goa/Xingang 21/27 Dec $22.75 fio 15000sc/12000sc
- cnr
Daily Summary of Baltic Exchange Dry Indices 11 December 2009
Baltic Exchange Dry Index TM 3579 (DOWN 92)
Baltic Exchange Capesize Index TM 5193 (DOWN 194)
Baltic Exchange Panamax Index TM 3673 (DOWN 122)
Baltic Exchange Supramax Index TM 2429 (DOWN 3)
Baltic Exchange Handysize Index TM 1240 (UP 6)
Daily Summary of the Baltic Exchange Time Charter Routes
Rate($/Day) Change
BCI
Average of the T/C routes $53267 (DOWN 2338)
BPI
Average of the T/C routes $29515 (DOWN 985)
BSI
Average of the T/C routes $25398 (DOWN 32)
BHSI
Average of the T/C routes $17970 (UP 83)
Baltic Exchange Capesize Index 5193 (DOWN 194)
Route
Number Description Weighting Average Movement
C2 160000lt Tubarao -Rotterdam 10 20.027 -0.587
C3 160000mt Tubarao - Qingdao 15 35.129 -1.004
C4 150000mt Richards Bay - Rotterdam 5 18.255 -0.540
C5 160000mt W Australia - Qingdao 15 13.682 -0.477
C7 150000mt Bolivar - Rotterdam 5 20.977 -0.591
C8_03 172000mt Gibraltar/Hamburg trans Atlantic RV 10 63068 -2068
C9_03 172000mt Continent/Mediterranean trip Far East 5 74423 -3131
C10_03 172000mt Pacific RV 20 47096 -2942
C11_03 172000mt China/Japan trip Mediterranean/Cont 5 28479 -1213
C12 150000mt Gladstone - Rotterdam 10 23.645 -0.495
Average of the T/C Routes 53267 -2338
Baltic Exchange Panamax Index 3673 (DOWN 122)
Route
Number Description Weighting Average Movement
P1A_03 74000mt Transatlantic RV 25 33213 -1217
P2A_03 74000mt SKAW-GIB/FAR EAST 25 40033 -527
P3A_03 74000mt Japan-SK/Pacific/RV 25 27859 -1839
P4_03 74000mt FAR EAST/NOPAC-AUST/SK-PASS 25 16955 -358
Average of the T/C Routes 29515 -985
Baltic Exchange Supramax Index 2429 (DOWN 3)
Route
Number Description Weighting Average Movement
S1A Antwerp - Skaw Trip Far East 12.5 35156 100
S1B Canakkale Trip Far East 12.5 36535 -70
S2 Japan - SK / NOPAC or Australia rv 25 23421 -408
S3 Japan - SK Trip Gib - Skaw range 25 13083 94
S4A US Gulf - Skaw-Passero 12.5 42844 344
S4B Skaw-Passero - US Gulf 12.5 15639 -5
Average of the T/C Routes 25398 -32
The route(s) below do not form part of the index calculation
S5 W.Africa via ECSA to FarEast 0 34722 39
S6 Jpn-SK trip via Aus/India 0 23795 -400
S7 EC India - China 0 26233 25
S8 Trial - Indonesia - EC India 0 24140 -375
Baltic Exchange Handysize Index 1240 (UP 6)
Route
Number Description Weighting Average Movement
HS1 Skaw - Passero trip Recalada - Rio de Janeiro 12.5 15514 57
HS2 Skaw - Passero trip Boston - Galveston 12.5 14279 193
HS3 Recalada - Rio de Janeiro trip Skaw - Passero. 12.5 23818 205
HS4 US Gulf trip via US Gulf or NCSA to Skaw - Passero 12.5 26833 345
HS5 SE Asia trip via Australia to Singapore - Japan 25 16181 -144
HS6 S Korea - Japan via NOPAC to Singapore-Japan 25 15479 79
Average of the T/C Routes 17970 83
Monday, December 14, 2009
The Daily Fixtures Report - 14/12/2009
BDI 3530 DOWN 49
BCI 5132 DOWN 61
BPI 3574 DOWN 99
BSI 2420 DOWN 9
BHSI 1239 DOWN 1
TIMECHARTER
'Chiara D'Amato' 2009 93000 dwt dely Fukuyama 11/13 Dec trip via Indonesia
redel Singapore-Japan $27000 daily - cnr
'Red Lily' 2004 76606 dwt dely Tachibana 11/14 Dec trip via EC Australia redel
Japan $27500 daily - Daiichi
'Bulk Monaco' 2008 76500 dwt dely Taiwan ppt trip via Indonesia redel Taiwan
$28000 daily - Grand China Shipping
'Lady M Luisa' Giuseppe Bottiglieri Armatore Spa relet 2007 76500 dwt dely
Taichung 20/22 Dec trip via Indonesia redel China $31000 daily - OBS
'Prabhu Das' 2005 76000 dwt dely Lanshan 15/20 Dec trip via NoPac redel China
$25750 daily - Transgrain
'Graceful' 2008 76000 dwt dely Rizhao 22/24 Dec trip via EC Australia redel
China $27500 daily - BHP Billiton -
'Ikan Bilis' 2004 75750 dwt dely Zhoushan 23/25 Dec 2/3 laden legs redel
Singapore-Japan rge $28000 daily - Cetragpa -
'Red Iris' 2003 75607 dwt dely Jintang 16/20 Dec trip via NoPaC redel China
int sulphur $29000 daily - Eitzen
'Amazon' 2001 74910 dwt dely Tianjin 12/14 Dec trip NoPac redel Far East
$25000 daily - Oldendorff
'Ocean Emperor' 1998 74002 dwt dely Wakayama 12/16 Dec trip via Gove redel
Taiwan $28000 daily - AHT
'Waimea' 1997 73490 dwt -
'Linda Leah' 1991 73311 dwt dely aps SW Pass 5/10 Jan trip redel
Singapore-Japan rge $40500 daily + $800000 bb - NYG
'Front Runner' 2009 55666 dwt dely north China prompt trip via Indonesia redel
West Africa $16000 daily - Norden
'Borak' 2009 53500 dwt dely Navlaki 17/19 Dec trip via WC India redel China
$27500 daily - Noble
'Star Theta' Cargill relet 2003 52425 dwt dely Ulsan prompt trip via Indonesia
redel Greece $15800 daily - cnr
'Michael S' 2001 50170 dwt dely Caofeidian 20/25 Dec trip via Nopac redel
Singapore-Japan rge $19000 daily - cnr
'Genco Pioneer' 1999 29952 dwt dely dop Geelong 27/31 Dec trip redel
Singapore-Japan rge $15250 daily + $300000 bb - cnr
'Nayana Naree' 1985 23846 dwt dely Kandla 25/30 Dec trip via WC India redel
China $10500 daily - Frost
PERIOD
'Patriot' 2004 52454 dwt dely Vera Cruz prompt min 80 days upto 15 April redel
worldwide $37000 daily - Dreyfus
'Pacific Glory' 1999 20427 dwt dely CJK prompt 3/5 months trading redel
Singapore-Japan rge $11000 daily - cnr
ORE
'ZOSCO Shaoxing' 2009 160000/10 Dampier/Qingdao 1/10 Jan $13.80 fio
scale/30000sc - Noble
'Paschalis D' 2002 160000/10 Dampier/Qingdao 20/30 Dec $13.75 fio scale/30000sc
- Rio Tinto
Wednesday, December 09, 2009
Daily Summary of Baltic Exchange Dry Indices 8 December 2009
Baltic Exchange Dry Index TM 3902 (DOWN 134)
Baltic Exchange Capesize Index TM 5948 (DOWN 422)
Baltic Exchange Panamax Index TM 3989 (UP 8)
Baltic Exchange Supramax Index TM 2414 (UP 19)
Baltic Exchange Handysize Index TM 1210 (UP 13)
Daily Summary of the Baltic Exchange Time Charter Routes
Rate($/Day) Change
BCI
Average of the T/C routes $62708 (DOWN 5149)
BPI
Average of the T/C routes $32059 (UP 54)
BSI
Average of the T/C routes $25244 (UP 200)
BHSI
Average of the T/C routes $17543 (UP 182)
Baltic Exchange Capesize Index 5948 (DOWN 422)
Route
Number Description Weighting Average Movement
C2 160000lt Tubarao -Rotterdam 10 22.268 -0.714
C3 160000mt Tubarao - Qingdao 15 39.775 -3.221
C4 150000mt Richards Bay - Rotterdam 5 21.118 -1.009
C5 160000mt W Australia - Qingdao 15 15.300 -0.932
C7 150000mt Bolivar - Rotterdam 5 23.073 -0.791
C8_03 172000mt Gibraltar/Hamburg trans Atlantic RV 10 71955 -3818
C9_03 172000mt Continent/Mediterranean trip Far East 5 88077 -7154
C10_03 172000mt Pacific RV 20 56885 -7000
C11_03 172000mt China/Japan trip Mediterranean/Cont 5 33917 -2625
C12 150000mt Gladstone - Rotterdam 10 25.880 -0.950
Average of the T/C Routes 62708 -5149
Baltic Exchange Panamax Index 3989 (UP 8)
Route
Number Description Weighting Average Movement
P1A_03 74000mt Transatlantic RV 25 36425 462
P2A_03 74000mt SKAW-GIB/FAR EAST 25 41917 57
P3A_03 74000mt Japan-SK/Pacific/RV 25 31984 -283
P4_03 74000mt FAR EAST/NOPAC-AUST/SK-PASS 25 17910 -20
Average of the T/C Routes 32059 54
Baltic Exchange Supramax Index 2414 (UP 19)
Route
Number Description Weighting Average Movement
S1A Antwerp - Skaw Trip Far East 12.5 35483 11
S1B Canakkale Trip Far East 12.5 36325 190
S2 Japan - SK / NOPAC or Australia rv 25 23917 -116
S3 Japan - SK Trip Gib - Skaw range 25 12856 28
S4A US Gulf - Skaw-Passero 12.5 41167 1389
S4B Skaw-Passero - US Gulf 12.5 15433 191
Average of the T/C Routes 25244 200
The route(s) below do not form part of the index calculation
S5 W.Africa via ECSA to FarEast 0 33700 633
S6 Jpn-SK trip via Aus/India 0 24250 0
S7 EC India - China 0 25967 371
S8 Trial - Indonesia - EC India 0 24465 55
Baltic Exchange Handysize Index 1210 (UP 13)
Route
Number Description Weighting Average Movement
HS1 Skaw - Passero trip Recalada - Rio de Janeiro 12.5 15286 -7
HS2 Skaw - Passero trip Boston - Galveston 12.5 13821 200
HS3 Recalada - Rio de Janeiro trip Skaw - Passero. 12.5 22388 355
HS4 US Gulf trip via US Gulf or NCSA to Skaw - Passero 12.5 25438 532
HS5 SE Asia trip via Australia to Singapore - Japan 25 16319 138
HS6 S Korea - Japan via NOPAC to Singapore-Japan 25 15386 50
Average of the T/C Routes 17543 182
Tuesday, December 08, 2009
The Daily Fixtures Report - 07/12/2009
-------------------------
BDI 4036 (DOWN 71)
BCI 6370 (DOWN 285)
BPI 3981 (UP 53)
BSI 2395 (UP 13)
BHSI 1197 (UP 15)
TIMECHARTER
'Amity' 2009 180319 dwt dely Xingang 8/10 Dec trip via Whyalla redel China $62500 daily - BHP Billiton 'Ellina' 2008 82300 dwt dely Krishnapatnam 8/18 Dec trip via Maputo redel China $37000 daily - Minmetals 'Ocean Prince' 2004 76423 dwt dely retro CJK 1 Dec trip via EC Australia redel China $29500 daily - BHP Billiton - failed> 'Red Gardenia' 2005 76294 dwt dely Ghent 7/9 Dec trip via Murmansk redel UKC $40000 daily - Suek 'Loch Alyn' 2005 75744 dwt dely Tianjin 11/14 Dec trip via West Australia redel Singapore-Japan rge int salt $31000 daily - Norden 'Avax' 2006 75331 dwt dely Qingdao 12/15 Dec trip via NoPac redel Singapore-Japan rge $31500 daily - Louis Dreyfus 'Fortune Lady' 1998 74694 dwt dely Tanjung Bin ppt trip via Indonesia redel China $38100 daily - Farenco 'Tian Song Feng' 2000 74000 dwt dely Muroran spot trip via NoPac redel Singapore-Japan rge $35000 daily - cnr 'Elbe Max' 1999 73148 dwt dely Mundra 17/21 Dec trip via Goa redel China $37000 daily - Noble 'Guo Dian 20' 1994 69189 dwt dely Port Kelang 7/9 Dec trip via Indonesia redel China $36000 daily - Pacific Bulk Shipping 'Li Shan Hai' 1992 65056 dwt dely Dong Guan 12/16 Dec trip via Indonesia redel China $26500 daily - Danzas 'Castlegate' 2008 53450 dwt dely South Africa spot trip via Brazil and India redel Durban approx $23500 daily - Pacbasin 'Marylisa V' 2003 52174 dwt dely passing Durban spot trip via Brazil redel SE Asia approx $33500 daily - STX Pan Ocean 'Chang Qiang' D'Amico relet 1998 45759 dwt dely Santos 12/19 Dec trip via Brazil with sugar redel Med $27000 daily plus $375000 bb - Dreyfus 'Ayse Aksoy' 1995 45694 dwt dely Cristobal spot trip via USGulf redel Cont-Med $32000 daily - Ultrabulk
'Achilles' 1984 37740 dwt dely retro passing Durban 1 Dec trip via East
coast
south America redel India $23000 daily - Brampton
PERIOD
'Primrose' 2004 76606 dwt dely Tachibana 10/12 Dec 11/13 months trading redel worldwide $22500 daily - Klaveness 'Bahia Blanca' 1998 74043 dwt dely S.China 10/16 Dec balance of period 60/90 days redel worldwide $31500 daily - Oldendorff -
ORE
'Tai Plenty' Glencore relet 2000 70000/10 Nouadhibou/Dunkirk 1/5 Dec $14.75 fio 30000sc/35000sc - ArcelorMittal
Wednesday, December 02, 2009
Daily Summary of Baltic Exchange Dry Indices 1st December 2009
Baltic Exchange Dry Index TM 3836 (DOWN 51)
Baltic Exchange Capesize Index TM 6127 (DOWN 62)
Baltic Exchange Panamax Index TM 3635 (DOWN 122)
Baltic Exchange Supramax Index TM 2376 (DOWN 40)
Baltic Exchange Handysize Index TM 1143 (UP 5)
Daily Summary of the Baltic Exchange Time Charter Routes
Rate($/Day) Change
BCI
Average of the T/C routes $64570 (DOWN 490)
BPI
Average of the T/C routes $29248 (DOWN 967)
BSI
Average of the T/C routes $24849 (DOWN 416)
BHSI
Average of the T/C routes $16556 (UP 76)
Baltic Exchange Capesize Index 6127 (DOWN 62)
Route
Number Description Weighting Average Movement
C2 160000lt Tubarao -Rotterdam 10 21.814 -0.109
C3 160000mt Tubarao - Qingdao 15 41.646 0.433
C4 150000mt Richards Bay - Rotterdam 5 21.245 0.004
C5 160000mt W Australia - Qingdao 15 15.832 -0.423
C7 150000mt Bolivar - Rotterdam 5 22.768 -0.118
C8_03 172000mt Gibraltar/Hamburg trans Atlantic RV 10 70455 0
C9_03 172000mt Continent/Mediterranean trip Far East 5 89846 846
C10_03 172000mt Pacific RV 20 62731 -2307
C11_03 172000mt China/Japan trip Mediterranean/Cont 5 35250 -496
C12 150000mt Gladstone - Rotterdam 10 26.020 -0.210
Average of the T/C Routes 64570 -490
Baltic Exchange Panamax Index 3635 (DOWN 122)
Route
Number Description Weighting Average Movement
P1A_03 74000mt Transatlantic RV 25 30838 -1687
P2A_03 74000mt SKAW-GIB/FAR EAST 25 39333 -1257
P3A_03 74000mt Japan-SK/Pacific/RV 25 29837 -643
P4_03 74000mt FAR EAST/NOPAC-AUST/SK-PASS 25 16983 -280
Average of the T/C Routes 29248 -967
Baltic Exchange Supramax Index 2376 (DOWN 40)
Route
Number Description Weighting Average Movement
S1A Antwerp - Skaw Trip Far East 12.5 35650 -481
S1B Canakkale Trip Far East 12.5 35315 -518
S2 Japan - SK / NOPAC or Australia rv 25 24075 -355
S3 Japan - SK Trip Gib - Skaw range 25 12478 -166
S4A US Gulf - Skaw-Passero 12.5 39750 -1094
S4B Skaw-Passero - US Gulf 12.5 14969 -200
Average of the T/C Routes 24849 -416
Baltic Exchange Handysize Index 1143 (UP 5)
Route
Number Description Weighting Average Movement
HS1 Skaw - Passero trip Recalada - Rio de Janeiro 12.5 14900 -29
HS2 Skaw - Passero trip Boston - Galveston 12.5 12786 15
HS3 Recalada - Rio de Janeiro trip Skaw - Passero. 12.5 20906 34
HS4 US Gulf trip via US Gulf or NCSA to Skaw - Passero 12.5 23878 78
HS5 SE Asia trip via Australia to Singapore - Japan 25 15281 206
HS6 S Korea - Japan via NOPAC to Singapore-Japan 25 14707 50
Average of the T/C Routes 16556 76
+++
Daily Summary of Baltic Exchange Dry Indices 30th November 2009
Baltic Exchange Dry Index TM 3887 (DOWN 87)
Baltic Exchange Capesize Index TM 6189 (DOWN 164)
Baltic Exchange Panamax Index TM 3757 (DOWN 111)
Baltic Exchange Supramax Index TM 2416 (DOWN 30)
Baltic Exchange Handysize Index TM 1138 (UP 1)
Daily Summary of the Baltic Exchange Time Charter Routes
Rate($/Day) Change
BCI
Average of the T/C routes $65060 (DOWN 1871)
BPI
Average of the T/C routes $30215 (DOWN 892)
BSI
Average of the T/C routes $25265 (DOWN 306)
BHSI
Average of the T/C routes $16480 (UP 19)
Baltic Exchange Capesize Index 6189 (DOWN 164)
Route
Number Description Weighting Average Movement
C2 160000lt Tubarao -Rotterdam 10 21.923 -0.468
C3 160000mt Tubarao - Qingdao 15 41.213 -0.383
C4 150000mt Richards Bay - Rotterdam 5 21.241 -0.386
C5 160000mt W Australia - Qingdao 15 16.255 -0.450
C7 150000mt Bolivar - Rotterdam 5 22.886 -0.414
C8_03 172000mt Gibraltar/Hamburg trans Atlantic RV 10 70455 -1545
C9_03 172000mt Continent/Mediterranean trip Far East 5 89000 -1054
C10_03 172000mt Pacific RV 20 65038 -3424
C11_03 172000mt China/Japan trip Mediterranean/Cont 5 35746 -1462
C12 150000mt Gladstone - Rotterdam 10 26.230 -0.580
Average of the T/C Routes 65060 -1871
Baltic Exchange Panamax Index 3757 (DOWN 111)
Route
Number Description Weighting Average Movement
P1A_03 74000mt Transatlantic RV 25 32525 -1157
P2A_03 74000mt SKAW-GIB/FAR EAST 25 40590 -1033
P3A_03 74000mt Japan-SK/Pacific/RV 25 30480 -995
P4_03 74000mt FAR EAST/NOPAC-AUST/SK-PASS 25 17263 -387
Average of the T/C Routes 30215 -892
Baltic Exchange Supramax Index 2416 (DOWN 30)
Route
Number Description Weighting Average Movement
S1A Antwerp - Skaw Trip Far East 12.5 36131 -288
S1B Canakkale Trip Far East 12.5 35833 -378
S2 Japan - SK / NOPAC or Australia rv 25 24430 -247
S3 Japan - SK Trip Gib - Skaw range 25 12644 -131
S4A US Gulf - Skaw-Passero 12.5 40844 -825
S4B Skaw-Passero - US Gulf 12.5 15169 -194
Average of the T/C Routes 25265 -306
The route(s) below do not form part of the index calculation
S5 W.Africa via ECSA to FarEast 0 32694 -312
S6 Jpn-SK trip via Aus/India 0 24672 -234
S7 EC India - China 0 25391 -314
S8 Trial - Indonesia - EC India 0 24333 -284
Baltic Exchange Handysize Index 1138 (UP 1)
Route
Number Description Weighting Average Movement
HS1 Skaw - Passero trip Recalada - Rio de Janeiro 12.5 14929 -7
HS2 Skaw - Passero trip Boston - Galveston 12.5 12771 7
HS3 Recalada - Rio de Janeiro trip Skaw - Passero. 12.5 20872 150
HS4 US Gulf trip via US Gulf or NCSA to Skaw - Passero 12.5 23800 56
HS5 SE Asia trip via Australia to Singapore - Japan 25 15075 12
HS6 S Korea - Japan via NOPAC to Singapore-Japan 25 14657 -43
Average of the T/C Routes 16480 19
+++
Monday, November 30, 2009
The Daily Fixtures Report - 27/11/2009
-------------------------
BDI 3974 (DOWN 145)
BCI 6353 (DOWN 346)
BPI 3868 (DOWN 168)
BSI 2446 (DOWN 15)
BHSI 1137 (UP 5)
TIMECHARTER
'Medi Lausanne' 2006 83002 dwt dely Hong Kong 27/30 Nov trip via Indonesia redel China $36500 daily - Chinese chrtr 'Bulk Brasil' 2008 82499 dwt dely Shanghai 27/30 Nov trip via EC Australia redel Far East $35000 daily - cnr 'Triton Osprey' 2007 81448 dwt dely Qingdao 1/7 Dec trip via Vancouver redel S.Korea int grain $33000 daily - Hanjin 'Geosand' Louis Dreyfus relet 2005 74444 dwt dely Jintang 30 Nov/5 Dec trip via NoPac redel Singapore-Japan rge $29500 daily - Cargill 'Riruccia' 1997 74002 dwt dely Tilbury ppt trip via N.France & Egypt redel Cape Passero $37000 daily - STX Pan Ocean 'Suerte' 1995 72515 dwt dely Guangzhou ppt trip via Indonesia redel S.Korea $38000 daily - S.Korean chrtr 'Theoforos I' 1987 67395 dwt dely Ulsan 3/7 Dec trip via NoPac redel S.Korea $25000 daily - Louis Dreyfus 'Magpie' 1982 64818 dwt dely Qingdao 30 Nov/3 Dec trip via Indonesia redel China int bauxite $15500 daily - Winning 'Gem of Mumbai' 1981 61796 dwt dely Kemen ppt trip via Indonesia redel S.China $24000 daily - S.Korean chrtr 'July M' 2005 55567 dwt dely WC India 1/10 December trip redel China approx $30000 daily - cnr 'Ocean President' 2001 50913 dwt dely Nemrut Bay 28/30 November trip redel Singapore-Japan $37500 daily - Diler 'Sea Lavender' 2002 50326 dwt dely Aden end November trip via Red Sea redel WC India $25500 daily - cnr 'Gao Qiang' 1998 45766 dwt dely aps Canakkale 29 Nov/5 Dec trip via Black Sea redel Singapore-Japan $32000 daily - Fayette - and corrects delivery> 'Argyroula' 1997 26516 dwt dely retro Bejaia 25 Nov trip via Continent & Red Sea redel Port Said $13000 daily - Medmar
PERIOD
'Navios Phoenix' newbuilding 180000 dwt dely ex yard Imabari 22/25 Dec
11/13
months trading redel worldwide $40000 daily - Classic Maritime 'Ocean Road' Louis Dreyfus relet 2009 180000 dwt dely PMO 1/10 Dec 11/13 months trading redel worldwide $42000 daily - Classic Maritime 'Lowlands Nello' 2004 76830 dwt dely Rotterdam 8/12 Dec 11/13 months trading redel worldwide $34250 daily - PCL 'Ayse Aksoy' 1995 45694 dwt dely Cristobal early December 3/5 months trading redel Atlantic approx $25000 daily - cnr
ORE
'Genco Maximus' Cargill relet 2009 170000/10 Port Hedland/Qingdao 20/30 Dec $16.50 fio scale/30000sc - BHP Billiton 'Constantia' Swiss Marine relet 1996 170000/10 Port Hedland/Qingdao 20/30 Dec $16.50 fio scale/30000sc - BHP Billiton 'Successor' NCS relet 2007 160000/10 Dampier/Qingdao 7/16 Dec $18.50 fio scale/30000sc - Rio Tinto - 'Oldendorff TBN' 57000/10 bauxite Kamsar/Aughinish 3/9 Dec $19.75 fio 24000sc/15000sc - Rual
COAL
'Antonis G.Pappadakis' 1995 70000/10 Hampton Roads/Ijmuiden 10/16 Dec
$20.95 fio
5 days sc - Corus
'TBN' 60000/10 Colombia/Jorf Lasfar 18/19 Dec $24.00 fio 40000sc/22000sc - BCM
GRAIN
'Leros' 1985 30000/10 wheat Odessa/Spanish Med 14/18 Dec $20.00 fio 6000/10000
- Dreyfus
Tuesday, November 24, 2009
The Daily Fixtures Report - 23/11/2009
-------------------------
BDI 4423 DOWN 84
BCI 7343 DOWN 199
BPI 4376 DOWN 48
BSI 2482 DOWN 5
BHSI 1097 UP 9
TIMECHARTER
'Clara' 2006 77073 dwt dely Haldia 30 Nov/5 Dec trip via India redel China $36000 daily - STX Pan Ocean 'Double Prosperity' 2005 76633 dwt dely Rotterdam 27/30 Nov trip via Mo-I-Rana redel Ijmuiden $40500 daily - Norden 'Maritime Bagui' 2006 76300 dwt dely Mobile ppt trip via US Gulf redel Eregli $37000 daily + $675000 bb - Oldendorff 'Great Loyalty' 2009 75600 dwt dely Xingang 2/7 Dec trip via NoPac redel Singapore-Japan rge $35500 daily - cnr 'Glyfada 1' 2009 75600 dwt dely Shanghai 25/29 Nov trip via Indonesia redel Japan $40000 daily - NYK 'Acena' 2001 75200 dwt dely Ghent 29/30 Nov trip via Black Sea redel China $41000 daily - Aquavita 'Theotokos' 1984 72000 dwt dely WC india 1/6 Dec trip redel China $36000 daily
- cnr
'Tai Honesty' 2007 55418 dwt dely Kandla end November trip redel China $29000 daily - cnr 'IDC Diamond' 2006 53400 dwt dely Colombo spot trip via Brazil redel India-PMO $24000 daily - Renuka - 'IDC Pearl' 2002 52343 dwt dely Bayuquan 23/27 November trip via south East Asia redel Singapore-Japan approx $25250 daily - Korean charterer 'Trogir' 2001 44000 dwt dely dop Djen Djen end November trip via USGulf redel Singapore-Japan int scrap $25750 daily - Cargill 'Drake' 1985 42842 dwt dely dop Durban prompt trip via ECSouth America redel PMO-Japan rge $28000 daily - cnr
PERIOD
'Aquabeauty' Cosco Hong Kong relet 2003 171010 dwt - Grand China
Shipping failed>
'Tian Bai Feng' 2005 75845 dwt dely Tanjung Bara 25/29 Nov 4/6 months trading redel worldwide $33500 daily - cnr 'North Princess' 1996 71290 dwt dely Qinzhou 25/29 Nov 11/13 months trading redel worldwide $23500 daily - Klaveness
ORE
'TBN' 160000/10 Dampier/Qingdao 3/12 Dec $20.00 fio scale/30000sc - Rio Tinto
Monday, November 23, 2009
Daily Summary of Baltic Exchange Dry Indices 20 November 2009
Baltic Exchange Dry Index TM 4507 (DOWN 154)
Baltic Exchange Capesize Index TM 7542 (DOWN 514)
Baltic Exchange Panamax Index TM 4424 (DOWN 29)
Baltic Exchange Supramax Index TM 2487 (UP 15)
Baltic Exchange Handysize Index TM 1088 (UP 13)
Daily Summary of the Baltic Exchange Time Charter Routes
Rate($/Day) Change
BCI
Average of the T/C routes $81575 (DOWN 5543)
BPI
Average of the T/C routes $35597 (DOWN 222)
BSI
Average of the T/C routes $26009 (UP 162)
BHSI
Average of the T/C routes $15703 (UP 195)
Baltic Exchange Panamax Index 4424 (DOWN 29)
Route
Number Description Weighting Average Movement
P1A_03 74000mt Transatlantic RV 25 38700 -363
P2A_03 74000mt SKAW-GIB/FAR EAST 25 45995 -607
P3A_03 74000mt Japan-SK/Pacific/RV 25 37609 174
P4_03 74000mt FAR EAST/NOPAC-AUST/SK-PASS 25 20083 -92
Average of the T/C Routes 35597 -222
Baltic Exchange Supramax Index 2487 (UP 15)
Route
Number Description Weighting Average Movement
S1A Antwerp - Skaw Trip Far East 12.5 36971 127
S1B Canakkale Trip Far East 12.5 36438 418
S2 Japan - SK / NOPAC or Australia rv 25 25720 -59
S3 Japan - SK Trip Gib - Skaw range 25 12936 219
S4A US Gulf - Skaw-Passero 12.5 41929 329
S4B Skaw-Passero - US Gulf 12.5 15421 99
Average of the T/C Routes 26009 162
The route(s) below do not form part of the index calculation
S5 W.Africa via ECSA to FarEast 0 32543 560
S6 Jpn-SK trip via Aus/India 0 25563 163
S7 EC India - China 0 26735 -86
S8 Trial - Indonesia - EC India 0 24938 188
Baltic Exchange Handysize Index 1088 (UP 13)
Route
Number Description Weighting Average Movement
HS1 Skaw - Passero trip Recalada - Rio de Janeiro 12.5 14750 93
HS2 Skaw - Passero trip Boston - Galveston 12.5 12542 121
HS3 Recalada - Rio de Janeiro trip Skaw - Passero. 12.5 19756 606
HS4 US Gulf trip via US Gulf or NCSA to Skaw - Passero 12.5 22975 275
HS5 SE Asia trip via Australia to Singapore - Japan 25 14150 75
HS6 S Korea - Japan via NOPAC to Singapore-Japan 25 13650 157
Average of the T/C Routes 15703 195
+++
Tuesday, November 17, 2009
Dry Cargo Fixtures 17th November 2009
TIME CHARTER
Iron Queen (built 1996, 161,183 dwt) delivery Fangcheng 20/22 Nov trip via Richards Bay redelivery Skaw-Cape Passero $41,000 daily — Cargill
Ore Hansa (built 2006, 82,295 dwt) delivery Dunkirk 22/24 Nov trip via Nouadhibou redelivery Continent $40,000 daily — Cargill
Lucky Sunday (built 2007, 80,372 dwt) delivery Amsterdam 26/28 Nov trip via USEC redelivery Singapore—Japan rge $46,000 daily — Sino East
Atlantic Breeze (built 2004, 76,267 dwt) delivery Hansaport 19/23 Nov trip via Murmansk redelivery UKC $40,000 daily — Cobelfret
Cemtex Venture (built 2006, 73,546 dwt) delivery Nantong 17/24 Nov trip via east coast Australia redelivery China $30,500 daily — BHP Billiton
Khorasan (built 2000, 72,642 dwt) delivery Rotterdam 20/24 Nov trip via Baltic redelivery China $39,000 daily — Charterer not reported
Jag Arnav (built 1995, 71,122 dwt) delivery Haldia 18/21 Nov trip via east coast India redelivery China $35,000 daily — Charterer not reported
Jin Pu Hai (built 1996, 69,970 dwt) delivery Taichung 15/17 Nov trip via Indonesia redelivery Taiwan $30,500 daily — Triumph Carriers Ltd.
GO Faith (built 1984, 65,125 dwt) delivery PMO ppt trip via west coast India redelivery China $35,000 daily — Oldendorff
Prabhu Parvati (built 2003, 56,060 dwt) delivery Krishnapatnam 18/22 November trip via west coast India redelivery China $28,000 daily — Charterer not reported
Jin Cheng Cargill relet (built 2003, 52,961 dwt) delivery Luoyuanwan 17/19 November trip via Australia redelivery China $27,000 daily — Charterer not reported
Jin Quan (built 2002, 51,104 dwt) delivery Hazira spot trip redelivery China $28,000 daily — Charterer not reported
Tern (built 2003, 50,209 dwt) delivery Krishnapatnam 17/19 November trip redelivery China $23,000 daily — Charterer not reported — corrects rate of report 13/11
Mare Doro (built 1985, 42,628 dwt) delivery Black Sea spot trip via Gulf of Aden redelivery Singapore—Japan $27,000 daily — STX Pan Ocean
Hanjin Marugame (built 2008, 28,343 dwt) delivery Lianyungang 16/18 Nov trip via Nopac redelivery Singapore—Japan rge $13,000 daily — Charterer not reported — added the rate from earlier report
PERIOD
CHS World (built 2006, 174,232 dwt) delivery Far East ppt 11/13 months trading redelivery worldwide $38,000 daily — Louis Dreyfus
Tai Promotion (built 2004, 77,834 dwt) delivery Lanshan 17/20 Nov 5/7 months trading redelivery worldwide $28,000 daily — Transgrain
Ecosand GO (built 2008, 76,239 dwt) delivery Singapore—Japan rge 10 Dec/10 Jan 11/13 months trading redelivery worldwide $22,000 daily — Morgan Stanley
Maritime Baqui (built 2006, 76,465 dwt) delivery Ijmuiden spot 4/6 months trading redelivery worldwide $36,000 daily — GMI
Ever Shining (built 1999, 74,346 dwt) delivery Guangzhou 25/27 Nov 3/4 months trading redelivery worldwide $30,000 daily — Charterer not reported
Goldbeam Trader (built 2001, 74,247 dwt) delivery Bin Qasim 18/20 Nov 4/6 months trading redelivery worldwide $28,000 daily — Grand China Shipping
Lian Hua Feng (built 2002, 73,901 dwt) — reported 13/11 the charterer is Klaveness
Shropshire (built 2009, 57,000 dwt) delivery PMO 22/27 November 4/6 months trading redelivery worldwide $23,000 daily — Pacbasin
Bulk Neptune (built 2009, 55,657 dwt) delivery Beilun end November 3/5 months trading redelivery worldwide $22,000 daily — Charterer not reported
Gourniati STX Pan Ocean relet (built 1996, 28,387 dwt) delivery Japan 20/25 Nov 4/6 months trading redelivery Far East approx $13,000 daily — Hudson
ORE
Cape Saturn (built 2003), 160,000/10 West Australia/ Qingdao 1/14 Dec $18.85 fio scale/30,000sc — Noble — fixed towards the end of last week
MISC
Genco Explorer (built 1999), 30,000/10 bulk ferts Klaipeda/Terneuzen 22/24 Nov $17.00 fio 6,000 sc/6,000 sx — De Witt
Tasman Sea (built 2001), 25,000/05 bulk urea Riga/Buenaventura 18/22 Nov $48.50 fio 6,000sc/3,000sc — Ameropa — recent
Pacific panamax rates set to surge to ‘dizzying heights’
星期二 17 十一月 2009
PACIFIC panamax owners revelled in an “incredible” week after charter rates surged to higher and higher levels on the back of a flurry of coal fixtures from Australia and Indonesia, writes Keith Wallis in Hong Kong.
“It’s really been an incredible week — there is no stopping the Pacific panamax sector,” said a Hong Kong-based broker who preferred to remain nameless.
He thought north Pacific round trip rates would push past $35,000 per day by the end of this week, while backhaul rates from the Far East to the European continent would nudge $19,000 per day.
“The Atlantic basin is strengthening which is giving support for backhaul charter rates,” he said.
The broker added: “I doubt backhaul rates will hit $20,000 per day this week, but it’s a strong possibility for next week.”
A Shanghai-based broker agreed and pointed out: “It’s been a storming week. Owners are having it all their own way. Charterers have no option but to accept owners’ rate levels.”
He added: “There is nothing on the horizon to slow what appears to be an inexorable rise to further dizzying heights in panamax rates. If anything, continuing bad weather in eastern and northern China will worsen congestion and make the availability of Pacific panamax tonnage even tighter.”
The broker added that with capesize charter rates also soaring to higher levels charterers would soon start splitting capesize cargoes into two panamax stems.
“That will put pressure on what are already sizzling panamax rates,” he said.
This came as rates for a north Pacific voyage topped $32,950 per day yesterday, up more than $5,000 on the week, while daily backhaul rates were up to $17,700, the highest levels since the financial crash last September, according to data from the Baltic Exchange.
The Shanghai broker said Australia’s BHP Billiton was particularly active along with Taiwan’s China Steel Express after fixing a raft of coal cargoes.
The BHP fixtures included the 2001-built, 74,401 dwt Amira which was taken on a voyage from eastern Australia to China at $29,500 per day and the younger and larger 2004-built, 76,629 dwt Maribella for a similar voyage at $32,500 per day.
The China Steel Express charters included the 2002-built, 74,374 dwt Alpha Melody which was fixed for a coal cargo from eastern Australia to Taiwan at $31,500 per day.
The steelmaker paid a higher rate of $34,000 per day to fix the 82,000 dwt newbuilding F D Isabella for a similar eastern Australia to Taiwan voyage.
Brokers said soaring spot rates had put more life back into the period market.
“There is a lot of interest from charterers for one and two year deals, but owners are being more circumspect and while there is some interest in 11-13 month charterers most owners continue to favour short periods,” said the Hong Kong-based broker.
He added that rates for a four to six month charter with Pacific delivery are at similar levels to spot rates at around $33,000-$34,000 per day.
“Locking in a six month charter at these levels gives owners earnings visibility if the market sours early in the new year,” the broker said.
BALTIC DRY BULK INDEX 16 Nov 2009
Baltic Dry Index 4220 +109
Baltic Capesize Index 7326 +143
Baltic Panamax Index 4091 +113
Baltic Supramax Index 2257 +110
Baltic Handysize Index 985 +15
HANDYMAX INDEX 2440 (+147) 16 Nov 2009
16/11/09 13/11/09 ROUTE $ $
Antwerp - Skaw Trip Far East
32000
32000
Canakkale Trip Far East
31000
31000
Japan - SK / NOPAC or Australia rv
22000
19000
Japan - SK Trip Gib - Skaw range
10250
9000
Antwerp - Skaw Trip US Gulf
12500
12500
USG Trip Skaw - Passero
34000
32000
Weighted average
21750
20438
Index basis: 45,000 dwt bulk carrier max 15 years, 25 t cranes with nil grabs, 14k/29.5 ifo, no diesel at sea
SUPRAMAX INDEX 3463 (+108) 16 Nov 2009
16/11/09
13/11/09
ROUTE
$
$
Canakkale via B. Sea to Spore-S.Jpn
34000
34000
US Gulf to Skaw-Passero
37000
36000
Fareast to Atlantic
11000
9750
to make Australia to India
22000
21250
Average 4TCs
26000
25250
Friday, November 13, 2009
BALTIC DRY BULK INDICES 12 Nov 2009
Baltic Dry Index
3954 +206
Baltic Capesize Index
6848 +456
Baltic Panamax Index
3877 +90
Baltic Supramax Index
2085 +64
Baltic Handysize Index
944 +26
HANDYMAX INDEX 2209 (+42) 12 Nov 2009
12/11/09 11/11/09
ROUTE $ $
Antwerp - Skaw Trip Far East 32000 32000
Canakkale Trip Far East 31000 30000
Japan - SK / NOPAC or Australia rv 18000 17750
Japan - SK Trip Gib - Skaw range 8500 8250
Antwerp - Skaw Trip US Gulf 11500 11500
USG Trip Skaw – Passero 30000 29000
Weighted average 19688 19313
Index basis: 45,000 dwt bulk carrier max 15 years, 25 t cranes with nil grabs, 14k/29.5 ifo, no diesel at sea
SUPRAMAX INDEX 3235 (+41) 12 Nov 2009
12/11/09 11/11/09
ROUTE $ $
Canakkale via B. Sea to Spore-S.Jpn 34000 33000
US Gulf to Skaw-Passero 34000 34000
Fareast to Atlantic 9250 9000
to make Australia to India 20250 20250
Average 4TCs 24375 24063
Dry Cargo Fixtures 星期五 13 十一月 2009
TIME CHARTER
Bulk Hong Kong (built 2006, 180,230 dwt) delivery retro Qingdao 3 Nov trip via Brazil & PG redelivery PMO $55,000 daily — Cargill
Ocean Camelot (built 2007, 177,000 dwt) delivery Gijon 21/25 Nov trip via Brazil redelivery Far East $95,000 daily — Charterer not reported
Harmonious (built 2007, 174,234 dwt) delivery Nantong 18/20 Nov trip via West Australia redelivery China $80,000 daily — RTS
Capri (built 2001, 172,529 dwt) delivery PMO 25/27 Nov trip via Brazil & PG redelivery PMO approx $71,000 daily — Oldendorff
Pacific Fortune (built 2004, 171,095 dwt) delivery Rotterdam 29/30 Nov trip via Brazil redelivery UK $72,000 daily — Bunge
Heythrop (built 1996, 165,729 dwt) delivery Rizhao 16/18 Nov trip via West Australia redelivery China $72,500 daily — RTS
China Act (built 1995, 151,688 dwt) delivery UK 1/10 Dec trip via Brazil or Nouadhibou redelivery China $75,000 daily — Cosbulk
Hebei Rainbow (built 1983, 82,513 dwt) delivery Fangcheng 11/13 Nov trip via Indonesia redelivery Singapore—Japan rge $23,000 daily — Charterer not reported
Epson Trader I (built 2009, 82,331 dwt) delivery Malta 15/18 Nov trip via NC South America redelivery Med $32,000 daily — CTP
Leonardo Lembo (built 1996, 75,437 dwt) delivery Xiamen 14/17 Nov trip via Indonesia redelivery S.Korea $31,000 daily — SW Shipping
Alpha Harmony Bunge relet (built 2001, 74,492 dwt) delivery PMO 18/25 Nov trip via west coast India redelivery Japan $32,000 daily — PCL
Aspendos (built 2003, 73,975 dwt) delivery PMO 17/20 Nov trip via west coast India redelivery Far East $35,000 daily — Oldendorff
Tian Zhu Feng (built 2000, 74,200 dwt) — reported 11/11 for a NoPac round at $31,500 the charterer is Clipper
Little Prince (built 2001, 74,133 dwt) delivery aps US Gulf 9/16 Dec trip redelivery Singapore—Japan rge approx $41,000 daily + $825,000 — Cargill
Lowlands Julian (built 2004, 73,613 dwt) delivery aps NC South America 22/24 Nov trip redelivery Skaw—Cape Passero int coal $32,000 daily — Eitzen
Global Challenger (built 1996, 73,218 dwt) delivery CJK 14/20 Nov trip via Indonesia redelivery Japan $27,000 daily — Shinwa — fixed 10/11
Genco Surprise (built 1998, 72,495 dwt) delivery Tanjung Bin 17/20 Nov trip via Indonesia redelivery China $35,000 daily — Charterer not reported
Great Luck (built 1998, 71,399 dwt) delivery Kaohsiung 17/19 Nov trip via Australia & PG redelivery psg Aden southbound abt 55 days $35,000 daily — STX Pan Ocean Dubai
Apostolos (built 1995, 70,119 dwt) delivery Nordenham 15/20 Nov 2 laden legs via Colombia/Jorf Lasfar redelivery Skaw—Cape Passero $32,000 daily — Norden
Jin Pu Hai (built 1996, 69,970 dwt) delivery Taichung 15/20 Nov trip via Indonesia redelivery China $30,000 daily — Charterer not reported
Aowisdom (built 1988, 68,355 dwt) delivery Taishan 15/20 Nov trip via Indonesia redelivery S.Korea $28,000 daily — SW Shipping
Turnberry Glory Bunge relet (built 1987, 68,308 dwt) delivery La Corunna 19/21 Nov trip via Kamsar redelivery San Ciprian $30,000 daily — Cobelfret
Theodoros P (built 1980, 64,957 dwt) delivery South Korea 15/20 Nov trip via Indonesia redelivery South Korea $10,500 daily — SW Shipping
Vassilios II (built 1987, 64,944 dwt) delivery Shanghai 15/25 Nov trip via Indonesia redelivery S.China $20,500 daily — Oldendorff
Frontier Angel (built 2001, 52,478 dwt) delivery Haldia mid November trip redelivery China $30,000 daily — Charterer not reported
Kang Fu (built 2002) non—grabber 51,069 dwt delivery Paradip mid November trip redelivery China $20,000 daily — Charterer not reported
Storm Ranger (built 1995, 45,744 dwt) delivery US Gulf mid November trip redelivery East Med approx $31,000 daily — Windrose
Ayia Marina (built 1984, 38,816 dwt) delivery Saldanha Bay spot trip via east coast South America redelivery Cont/Med approx $12,800 daily — Cargill
Springwood (built 1984, 37,694 dwt) delivery aps or passing Maputo end Nov/ely Dec trip via South Africa redelivery Sea of Marmara $12,000 daily — Cargill
Seaglass 11 (built 2008, 29,124 dwt) delivery Matarani 25/30 Nov trip redelivery Singapore—Japan rge $21,000 daily — Charterer not reported
PERIOD
Kingsail ex Brilliant Arc (built 2002, 177,643 dwt) delivery South Korea 20/22 Nov 22/25 months trading redelivery worldwide $30,000 daily — Bunge — recent
Torm Pacific (built 2009, 77,000 dwt) delivery Zhanjiang spot 4.5/6 months trading redelivery worldwide $28,500 daily — BHP Billiton
Wen Zhu Hai (built 2008, 76,611 dwt) delivery North China 14/28 Nov 4/6 months trading redelivery worldwide $28,500 daily — Charterer not reported
Alpha Melody (built 2002, 74,475 dwt) delivery Zhuhai spot 23/25 months trading redelivery worldwide $19,000 daily — Glencore
Goldbeam Trader (built 2001, 74,247 dwt) delivery Bin Qasim 18/20 Nov 4/6 months trading redelivery worldwide $28,000 daily — Charterer not reported
Vela (built 2007, 53,565 dwt) delivery South Africa end November 11/13 months trading redelivery worldwide approx $19,000 daily — Carbofer
Global Ocean (built 1997, 45,600 dwt) delivery west coast Italy spot 11/13 months trading redelivery worldwide approx $16,750 daily — Norden
Livanita (built 1997, 45,426 dwt) delivery Chennai 25/30 November 8/10 months trading redelivery worldwide $16,500 daily — Scandinavian charterer
Vereina (built 2008, 27,112 dwt) delivery Farsund prompt 4/6 months trading redelivery Atlantic $14,500 daily — Charterer not reported
ORE
Xinwang Hai (built 2003) 170,000/10 Port Hedland/Qingdao 1/10 Dec $17.70 fio scale/30,000sc — BHP Billiton
CIC Elli S (built 2003, 160,000/10 Dampier/Qingdao 24/30 Nov $18.00 fio scale/30,000sc — Noble
BAUXITE
Great Intelligence (built 2000) 58,000/10 bauxite Kamsar/San Ciprian 19/25 Nov $19.00 fio 24,000sc/15,000sc — Elcano
COAL
Vessel to be nominated, 60,300/10 Puerto Prodeco/La Spezia 26 Nov/5 Dec $29.50 fio 15,000sc bends — Elcano
Baltic Dry Index 13th Nov 2009
4111 +157 Baltic Capesize Index
7183 +335 Baltic Panamax Index
3978 +101 Baltic Supramax Index
2147 +62 Baltic Handysize Index
970 +26
HANDYMAX INDEX 2209 (+42) 13 Nov 2009
13/11/09
12/11/09
ROUTE
$
$
Antwerp - Skaw Trip Far East
32000
32000
Canakkale Trip Far East
31000
30000
Japan - SK / NOPAC or Australia rv
18000
17750
Japan - SK Trip Gib - Skaw range
8500
8250
Antwerp - Skaw Trip US Gulf
11500
11500
USG Trip Skaw - Passero
30000
29000
Weighted average
19688
19313
Index basis: 45,000 dwt bulk carrier max 15 years, 25 t cranes with nil grabs, 14k/29.5 ifo, no diesel at sea
SUPRAMAX INDEX 3235 (+41) 13 Nov 2009
13/11/09
12/11/09
ROUTE
$
$
Canakkale via B. Sea to Spore-S.Jpn
34000
33000
US Gulf to Skaw-Passero
34000
34000
Fareast to Atlantic
9250
9000
to make Australia to India
20250
20250
Average 4TCs
24375
24063
Rates set to break $100,000 barrier
CONTINUED steady demand for iron ore and coal cargoes is set to push daily capesize freight rates past the $100,000 level this week on the largest shipping route, from Brazil to China, writes Michelle Wiese Bockmann.
Brokers said major iron ore producers in Australia continued to book capesize bulk carriers on the spot market, while increased volumes of coal shipped from South Africa to Europe also soaked up scarce tonnage.
Voyage rates to transport coal on capesize bulk carriers from the South African port of Richards Bay to Rotterdam hit $22.50 per tonne, matching levels seen briefly during the last market surge in June. Transatlantic round voyages hit $81,869 per day, while the fronthaul rate was at $98,231.
“Whichever way you turn, it all seems to be pretty positive at the moment,” said a London-based broker.
Underpinned by Chinese steelmakers’ demand for imported iron ore, average capesize rates have gained nearly $16,000 per day over the last week, and more than tripled in the last seven weeks, closing at nearly $77,000 per day on Friday.
“There’s no end to demand coming from Western Australia to China [shipping route] which has really driven the market,” said a broker.
“We’ve seen all the major iron ore producers such as BHP Billiton, Rio Tinto and Fortescue active, and they don’t seem to be stopping at the moment. Even today [Friday] Rio Tinto is still active, and although BHP Billiton has quietened down a bit, they’re still sniffing around.”
BHP Billiton has booked nine capesizes this month, and Rio Tinto seven, according to the Baltic Exchange fixture list.
But coupled with surging transatlantic trades, few vessels in the 930-strong fleet of capesizes are immediately available for charter, lifting prices paid on the spot market.
“There is no immediate sign of slowdown in this market,” said a Europe-based shipping analyst.
The paper market was also buoying the spot market,with contract values for the first quarter of 2010 prompting interest for charters for periods of five to seven months’ duration.
Deals were priced at between $57,500 per day and $60,000 per day, with growing interest in chartering for longer periods of up to a year. First-quarter capesize derivatives contracts were trading as high as $47,500 per day on Friday, jumping 27% over the last week.
The bull run comes despite a deteriorating supply backdrop, with more 750 capesizes ordered at Asian shipyards, including 573m dwt scheduled for delivery in 2010.
Although bulk commodities trades are expected grow as Asian steel production recovers further, the surge in new ships is expected to outstrip demand and depress rates.
Iron ore trades are forecast to grow 11% to 988m tonnes in 2010, according to London broker Clarksons, while metallurgical coal imports will rise 6% to 219m tonnes and thermal coal 3% to 588m.
“We think this run is going to continue into [this] week, it’s a bit hard to read it beyond there,” said another broker.
Once major iron ore producers and speculators retreated from the underlying physical market, FFA profit-takers might influence rates to tip downwards, he said.