Friday, January 02, 2009
TNT Dry Freight Review - 2 January 2009
PANAMAX
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Brokers said they were working "as usual" to keep on top of all the problems involved with shipping. Ships were still sailing, they just weren't being fixed, said one broker. Not surprisingly, there was little new business to report. Most of the fixing was done before the holidays, and was either already reported or is just being reported now.
The Angela Star, 74,000dwt, 1998, was taken by Cargill for a trip Skaw to FOS for $7,000 daily.
Cargill also took the Great Eagle, 74,000dwt, 2005, for delivery to Tilbury, redelivery to UKC for $4,000 per day.
Uniwell took two ships, the Cumbria and the Golden Joy, both 70,000dwt and both 1994-built, for Delivery to Hong Kong and redelivery to China, for 2,750$ per day for each ship.
Suek took the Alkaios, 66,000dwt, 1985 for $4,000 daily for a round trip to Murmansk.
CAPESIZE
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Most of the business reported was either already reported during the Christmas/New Year holiday or was not reported during that period.
There was not enough business to determine if the market is ready to return in the new year. Monday will be the first real test.
The Alpha Action, 151,000dwt, 1994-built, was taken by Noble Chartering for a round trip to Japan, for $10,500 daily.
Noble Chartering may have taken the Zosco Zhoushan, 140,000dwt, 1994-built, for an iron ore dry cargo from India to China for 6.00 FIO; 20000t/20000t, but this is unconfirmed.
HANDY/SUPRAMAX
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The last day of the exteded holiday brought little activity to a stable but poor market.
The Star Cosmo, 52,000dwt, 2005-built, went for a trip from Skaw to FOS for $7,000 per day, but the charterer can't be reported.
Cargill took the Lowlands Patreasche, 59,000dwt, 2007 for January delivery to Tampa for a trip to India for $8,250 daily.
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