Tuesday, January 13, 2009
Technorati Tags: Baltic Dry Index,Baltic Dry Indices,Ship Chartering,Shipchartering,Voyage Fixtures,Time Charter Fixtures,Panamax,Capesize,Handymax,Handysize,Supramax,Dry Cargo Fixtures,Bulk Cargo Fixtures,Baltic Exchange,Freight Review,Maritime Baltic Index,TNT Freight Review
Atlantic Panamax business faltered today, with very little fresh
inquiry heard in the market. Demand for trans-Atlantic rounds appears
to be fading and with owners reluctant to head for the over-tonnaged
Pacific, we could see a sharp drop in rates by Thursday. Short period
business in the Atlantic saw an LME fix spot for 3-5 months at a lower
$8,500 daily. Although there has been more demand seen from China
this week, rates in the Pacific are making no headway. The
overwhelming amount of available tonnage continues to stifle rate
gains. Limited interest in period fixtures has seen rates for about
1-years trading fall back to around $11,000 daily. The Baltic Panamax
index edged down 9 to 520.
>From the Atlantic, the 2000-built 74,677 dwt CTP-relet Aldebaran fixed
to Cosco Qingdao with January 17-19 delivery Montoir for a trip via
Orinoco and redelivery China at $8,500.
Daewoo was linked with the 1989-built 70,359 dwt Kater Wave with
January 15-20 delivery aps Sao Francisco do Sul for a trip with
redelivery South Korea at $7,250 daily plus a ballast bonus of
The 1999-built 74,242 dwt Golden Lyderhorn reportedly fixed to Cargill
with January 15-17 delivery Fos for a trip via Santarem and redelivery
Skaw-Cape Passero at $5,000 daily.
Primrose 2001 74710 dwt delivery aps Richards Bay 27/30 Jan trip
redelivery Continent $2125 + $150000 bb - Swiss Marine
In voyage business, the 2008-built 83,730 dwt Golden Spring fixed on
subjects to Constellation with January 15-20 loading 70,000 tons 10%
coal from the Mississippi River to Rotterdam at $9.50.
Atlantic period business heard that the 2000-built 74,500 dwt Yong
Huan went to an undisclosed charterer with January 14-15 delivery Cape
Passero for 3-5 months trading and redelivery worldwide at $8,500
In the Pacific, Bagadiya was said to be the charterer of the
1998-built 72,703 dwt Hua Shan Hai with January 12-13 delivery
Zhanjiang for a trip via east coast India and redelivery China at
Louis Dreyfus agreed a low $1,700 daily plus a ballast bonus of
$110,000 for the 2008-built 77,283 dwt Priscilla Venture with prompt
delivery aps Seattle for a trip with redelivery Singapore-Japan range.
For Pacific period business, the 1999-built 74,346 dwt Ever Shining
has gone to Cosbulk with January 27-February 07 delivery north China
for 11-13 months trading and redelivery worldwide at $11,000 daily.
The rally in the Capesize sector has yet to peak, with rates steady
and fresh inquiry seen every day. Rates for trips out strengthened
today, with Vale reported to have taken tonnage at $24,000 daily,
though most reported business was steady at about $20,000 daily. A
trans-Atlantic round saw modern tonnage fix in the low $18,000's
daily. There was little concluded business from the East, but sources
said rates were holding at or near last dones. The Baltic Capesize
index jumped 76 to 1864.
Atlantic Capesize business included reports that the 2003-built
171,012 dwt Aquabreeze was fixed to Vale with spot delivery Rotterdam
for a trip with redelivery in the East at $24,000 daily.
The 2005-built 173,806 dwt Mineral Belgium has gone to Cargill with
spot delivery Gijon for a trip with redelivery in the East at about
The charterer has also reportedly taken the 2007-built 180,180 dwt
Linda Dream with prompt delivery on the Continent for a trip with
redelivery in the East at a similar rate.
Noble has fixed on subjects the 2001-built 171,509 dwt SA Altius with
January 12-20 delivery Montoir for a trip via Brazil and redelivery
China at $21,500 daily. The business was earlier today reported done
at $20,000 daily which was incorrect.
The 2003-built 171,218 dwt CIC Elli S was said fixed to Minmetals with
January 25-February 05 delivery Rotterdam for a trip via Nouadhibou
and redelivery China at $20,000 daily.
The 2005-built 180,325 dwt Aliki has reportedly gone to Classic
Maritime with January 20-22 delivery Skaw for a trip via Narvik or
north coast South America, with redelivery Skaw-Cape Passero at
Period business of about one year saw Cargill take the 1997-built
165,819 dwt Cape Mercury with January 15-20 delivery Hansaport for
11-13 months trading with redelivery worldwide at $21,000 daily. It
was rumoured that the charterer subsequently relet the vessel, but
details have yet to emerge.
In Pacific voyage business, Rio Tinto Shipping took a Cosco TBN with
February 01-15 loading 130,000 tons 10% coal from Newcastle to Map Ta
Phut at $6.90.
The Baltic Supramax index rose 5 to 402, while the Handysize index
managed to rise 2 to 270.
Atlantic Handy business heard that the 2002-built 52,154 dwt Giovanni
Topic was fixed to an unnamed charterer with spot/prompt delivery in
the US Gulf for a trip with redelivery in the East at $9,500 daily.
Cargill has the 2009-built 56,009 dwt Bulk Jupiter with January 15-18
delivery aps east coast South America for a trip with redelivery
Singapore-Japan range at $9,500 daily.
The 2007-built 55,808 dwt Nord Leader fixed with Oldendorff for
January 12-15 delivery Denmark for a trip via Heroya and redelivery in
the Far East at an unimpressive $4,750 daily.
For Pacific business, the 2006-built 55,500 dwt Cos Prosperity was
said fixed to an undisclosed charterer with mid-January delivery
passing Muscat outbound for a trip via west coast India and redelivery
China at $6,000 daily.
Also unnamed was the charterer of the 2002-built 53,500 dwt
Sunwoo-relet Navios Mercator which was reported fixed with January
14-18 delivery passing Muscat outbound for a trip with redelivery in
the East at $5,000 daily.