Wednesday, April 08, 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
Mid-week proved to be a bit of a charm for the Atlantic Panamax
sector, with a flurry of new business on offer and ships fixing
rapidly. The activity allowed rates to trend sideways early on and
move up a little as the day progressed. Sources reported that grain
cargoes dominated, but most of the hurry appeared to be due to the
impending holiday weekend. Sources were not convinced that the gains
seen today would hold up next week. In the Pacific, demand for
tonnage from the Atlantic has lowered the tonnage count, but despite
this and some fresh inquiry, rates are still weak for China/Australia
rounds in the $7,000 daily range. The Baltic Panamax index rose 7 to
>From the Atlantic, the 2007-built 75,698 dwt Ocean Minerva has fixed
to STX Pan Ocean with April 19-21 delivery Bridgeport for a trip with
redelivery in the East at $17,500 daily plus an undisclosed ballast
The charterer was also said to have recently fixed the 1998-built
73,018 dwt Agios Efraim with prompt delivery passing Gibraltar for a
trip via Brazil and redelivery South Korea at $17,000 daily.
Louis Dreyfus was the charterer of the 1998-built 72,497 dwt Spring
Peacock with April 10-11 delivery Annaba for a trip via Brazil and
redelivery in the Middle East at about $17,250 daily.
The 2008-built 75,515 dwt Anny Petrakis went to the same charterer
with prompt delivery Cape Passero for a trip via the Black Sea and the
Red Sea, with redelivery Port Said at $13,000 daily.
The charterer also fixed the 2007-built 75,204 dwt Sidari with April
10-15 delivery Gijon for a trip via the US Gulf and Egypt, with
redelivery Cape Passero at $9,000 daily.
Glingrow was linked with the 1987-built 67,395 dwt Theoforos I with
prompt delivery Syria for a trip via the Black Sea and Aqaba, with
redelivery Port Said at $13,750 daily.
The 2003-built 75,834 dwt Navios Cielo has gone to Windrose with April
05 delivery retro-Cape Passero for a trip via the US Gulf and
redelivery Cape Passero at $9,000 daily.
Sidari 2007 75204 dwt delivery Gijon 12/16 Apr trip via US Gulf &
Egypt redelivery Skaw-Cape Passero int grain $9000 daily - Louis
Cargill reportedly fixed the 2006-built 76,500 dwt Chris earlier this
week with April 21-30 delivery Hunterston for a trip via east coast
South America and redelivery Skaw-Cape Passero at $8,000 daily.
Bunge agreed $8,000 daily for the 1981-buit 63,325 dwt Syros for April
16-20 delivery passing Durban for a trip via east coast South America
and redelivery Italy.
It emerged that PCL recently tookt he 1992-built 72,239 dwt Roger M
Jones with April 17-22 delivery in the US Gulf for a trip with
redelivery Fos at $7,500 daily plus a ballast bonus of $210,000.
The 2006-built 77,300 dwt Apollo has fixed on subjects to United with
April 12-14 delivery El Ferrol for a trip via the U.S. east coast and
redelivery Brazil at $7,000 daily.
Out of the Pacific, the 2006-built 88,200 dwt Ikan Kurau went to
Brownstone recently for April 12-14 delivery Goa on a trip with
redelivery China at $14,500 daily.
An unnamed charterer has fixed the 1997-built 72,080 dwt Juno Island
with April 07 delivery retro-Ube for a trip via east coast Australia
and redelivery Singapore-Japan range at $7,000 daily.
The 1996-built 72,171 dwt Vogevoyager went to Pacific Bulk with April
04-08 delivery Xiamen for a trip via Newcastle and redelivery China at
Grand China Shipping proved to be the charterer of the 1989-built
69,346 dwt Big Wave with April 08-10 delivery Inchon for a trip via
Australia and redelivery South China at $5,800 daily.
While it was a better day in terms of rates for the Atlantic Capesize
sector, with numbers firming slightly, most sources felt it was a
reaction to the forthcoming long weekend and had little to do with any
improvement in market fundamentals. That said, owners are unlikely to
quibble. In the Pacific basins rates trended sideways in slow
trading. The Baltic Capesize index moved up 21 to 1993 today.
Atlantic Capesize business heard an unconfirmed report that suggested
the 2005-built 176,346 dwt Nord Power has fixed to Mosk with April
15-20 delivery Narvik for a trip with redelivery Al Jubail at $32,000
daily, or optional redelivery in the East at $36,000 daily.
Noble was said to be the charterer of the 1994-built Cape Merlin with
May 01-10 loading 150,000 tons 10% ore from Itaquai to Qingdao at
Vale fixed a TBN with May 10-20 loading 160,000 tons 10% ore from
Tubarao to Qingdao at $15.00.
The 1988-built Morgiana was reported fixed to Kumba with April 15-25
loading 170,000 tons 10% ore from Saldanha Bay to China at $11.65.
>From the Pacific, the 1995-built Sanko Oasis has fixed with Rio Tinto
Shipping for April 19-28 loading 160,000 tons 10% ore from Dampier to
Qingdao at $6.05.
>From the Atlantic the picture was very quiet and rates appeared to be
falling. Pacific Handy business took an upswing for Supramaxes today
with rates firming on the back of fresh inquiry. Handysizes failed to
see any follow-on though, with the market very dull. The Baltic
Supramax index fell 24 to 1159, while the Handysize index was off 13
Atlantic Handy business included reports that GMI fixed the 2002-built
53,553 dwt Port Moresby with April 12-18 delivery in the US Gulf for a
trip with redelivery Muscat-Japan range at a weaker $22,000 daily.
Eitzen Bulk Carriers have the 1995-built 45,744 dwt Storm Ranger with
April 14-18 delivery passing Gibraltar for a trip via north coast
South America and redelivery Norway at $12,000 daily.
The 1997-built 49,000 dwt Robert Schulte also went to Eitzen with
April 12-18 delivery Lagos for a trip via Brazil and redelivery in the
Mediterranean at about $10,900 daily.
Sometra reportedly fixed the 1992-built 22,100 dwt Lucy Oldendorff
with April 16-18 delivery Antwerp for a trip with redelivery west
Africa at $10,500 daily.
The 1997-built 28,611 dwt Bering ID fixed to Ultrabulk with April
06-07 delivery Port Harcourt for a trip via east coast South America
and redelivery west coast South America at $10,100 daily.
Navision was linked with the 1995-built 27,321 dwt CN Jumbos for
mid-April delivery Concepcion Bay for a trip with redelivery
UK-Continent range at $10,000 daily.
For Pacific Handy business, there was talk that the 2002-built 27,100
dwt Clipper Morning has gone to an unnamed charterer with April 12-18
delivery Valparaiso for a trip with redelivery UK-Continent range at
An undisclosed charterer reportedly took the 2007-built 53,352 dwt
City with April 10-12 delivery Haldia for a trip with redelivery China
at $12,750 daily.
The charterer of the 2008-built 54,500 dwt Zhe Hai 521 was unnamed,
but reportedly took the vessel with April 07-09 delivery Wenzhou for a
trip via Indonesia and redelivery east coast India at $8,750 daily,
optional redelivery west coast India at $10,500 daily.
Armada was the charterer of the 2006-built 53,468 dwt Navios Astra
with April 13-17 delivery Nantong for a trip with 2 laden legs and
redelivery in the Pacific at $8,750 daily.
The 2002-built 50,206 dwt Osprey 1 will reportedly receive $8,500
daily from Shadab for spot delivery east coast India on a trip via
South Africa with redelivery Pakistan.
D'Amico has the 2005-built 53,533 dwt Fratzis Star with mid-April
delivery CJK for a trip via Indonesia and redelivery India at $8,250
An unnamed charterer took the 1998-built 27,140 dwt Great Gain with
April 19-20 delivery Singapore for a trip via west Australia and
redelivery Singapore-Japan range at $7,000 daily.
Period fixtures heard that EBCN took the 2002-built 50,000 dwt Hector
with May delivery in the Pacific for 1 option 2 years trading and
redelivery worldwide at $11,700 daily for the first year and the rate
for the second year undisclosed.