Chartering - Handy
We are experiencing an oversupply of tonnage in the Atlantic which is outnumbering the amount of cargoes. TA’s are down almos Usd 500 w-o-w and the slow down in USG cargoes is not helping the average Atlantic rates. A transatlantic round is now being fixed in region of USD 8,700 while the USG Fronthauls are seeing ard USD 16,000. The Feast market seems to have bottomed out – for now. SE Asia rounds paying around 7,500 – 8K. NOPAC, vessel open N.China can get arnd USD 9,000 + 300BB. For trips back to Spore / Japan rge. Supras open Singapore got fixed at arnd mid 10K fro trips via Indo To India. For Philippine Nickel Ore rounds to China vessels got fixed at arnd 6K. The period market is slow, but Ultras can achieve around mid USD 11,000 for short period where smaller units fixing at arnd 10K
We are experiencing an oversupply of tonnage in the Atlantic which is outnumbering the amount of cargoes. TA’s are down almos Usd 500 w-o-w and the slow down in USG cargoes is not helping the average Atlantic rates. A transatlantic round is now being fixed in region of USD 8,700 while the USG Fronthauls are seeing ard USD 16,000. The Feast market seems to have bottomed out – for now. SE Asia rounds paying around 7,500 – 8K. NOPAC, vessel open N.China can get arnd USD 9,000 + 300BB. For trips back to Spore / Japan rge. Supras open Singapore got fixed at arnd mid 10K fro trips via Indo To India. For Philippine Nickel Ore rounds to China vessels got fixed at arnd 6K. The period market is slow, but Ultras can achieve around mid USD 11,000 for short period where smaller units fixing at arnd 10K
Chartering - Panamax
Slower and lower has been the trend in both hemispheres since end of last week. The sliding tendency is perhaps more obvious within the Atlantic where activity is low and the list of tonnage is growing. Typical T/A rounds falling from around USD 9.000. Fronthaul is about USD 15,000 + 500 bss APS USG or just above 43 pmt to China. North Atlantic fronthaul giving Owners a nice premium. In the Far East Nopac rounds pay about 11.000-12.000 for good units, Aussie or Indo rounds a bit less. Trips to India paying a premium although with the same falling tendency both for levels and for activity. Owners have secured short period in the 10.000 to 11.000 range for efficient spec’s in good positions. Otherwise sentiment is a bit softer from the weakening forward curve.
Chartering - Capesize
Since last week the Capesize market began to lose its strength and the market is presently correcting, despite quite heavy trading volumes in both basins. As the Brazil/China market has come down from a high of USD 25.00's to todays USD 22.00 level the Pacific correction has been less severe.There the West Australia market has returned to a USD 9.00 level, after never seriously threatening the USD 10.00 marker. The forward paper has been wobbly at best and seems to lack any confidence, with the curve dropping sharply once we get into January 2015. The question going forward is if the transatlantic market can sustain another drive before the end of the year. There have been a number of vessels which have fixed out to the east thus reducing the available tonnage to perform transatlantic cargos, and this can put pressure on the rates. Period has been quiet and closely following the paper curve but with few owners willing to fix at those levels. Last one fixed was at the end of last week at USD 17,000 daily, today we can expect the rates to be lower.