Chartering - Handy
On a general basis we can say that rates are softening in both hemispheres. Allthough for some specific trades we can see premiums being achieved. In the Atlantic the Trans Atlantic Voyages are down around USD 1,200 w-o-w. Fronthauls are being fixed below USD 10k now but bring the owners into a market with a touch more activity, but still it is a declining market. Short rounds with China redelivery are being fixed in region of USD 7k, while EC India cargoes are fixing at slightly better 8k. The period market is a bit more active, with Ultramax NB’s being fixed around 10k for the shorter periods.
On a general basis we can say that rates are softening in both hemispheres. Allthough for some specific trades we can see premiums being achieved. In the Atlantic the Trans Atlantic Voyages are down around USD 1,200 w-o-w. Fronthauls are being fixed below USD 10k now but bring the owners into a market with a touch more activity, but still it is a declining market. Short rounds with China redelivery are being fixed in region of USD 7k, while EC India cargoes are fixing at slightly better 8k. The period market is a bit more active, with Ultramax NB’s being fixed around 10k for the shorter periods.
Chartering - Panamax
Seems like the panamax market continue on low pace. Atlantic flooded with tonnage and charterers are in the driving seat. Spot requirements being fixed at extremely low levels. Atlantic paying in the mid USD 6k now. Atlantic have been the most active hemisphere this week but still on low levels. Some major player entered the market with COA possibilities showing they feel market close to a bottom for now. In all fairness we have to add that low bunker prices contribute to the lower rates as well. Pacific also very slow, paying in the low USD 6K range while NOPAC tic better in the USD 7K range. The new buildings continue to pop out from the yards. Owners being forced to accept levels for their NB far under break even. 1 year periods concluded at mid 7k which is very low. Limited with Fronthaul business this week but paying in the high USD 11K low 12K region.
Chartering - Capesize
The week started with a firmer sentiment, led by a very apparent increase in Atlantic demand. This transpired into stronger fixtures on vessels open on the Continent. The pacific, has struggled to follow suit. There was some rumour of an increase in the West Australian market, but although a couple of vessels attained slightly higher numbers, the market has now retreated to where the week started. The essential Brazil to China trade remains very quiet and the market seems to be flat. On the period front there is some talk, but mostly with hybrid rates, meaning some form of combination between fixed hire and an index linked floating portion.
The week started with a firmer sentiment, led by a very apparent increase in Atlantic demand. This transpired into stronger fixtures on vessels open on the Continent. The pacific, has struggled to follow suit. There was some rumour of an increase in the West Australian market, but although a couple of vessels attained slightly higher numbers, the market has now retreated to where the week started. The essential Brazil to China trade remains very quiet and the market seems to be flat. On the period front there is some talk, but mostly with hybrid rates, meaning some form of combination between fixed hire and an index linked floating portion.