Chartering - Handy
The Handy / Supra market has not yet returned at full pace after the Chinese holidays. Owners do expect the rates to pick up in both hemispheres with the Chinese back in the market and simply refusing to rate forward business.They would rather sit back and wait to fix their vsls spot. TA’s are now paying ard Usd 5,700 while Fhauls are able to achieve somewhere ard Usd 7,700. In The Pacific we see Indo rounds with China redelivery trading ard Usd 4,5-5k while cargoes destined for India are paying ard 6k. The NoPac rounds are being done at Usd 7k+Usd 90k GBB. The period market has been quiet since last week with little emerging.
Chartering - Panamax
Atlantic fairly flat, we see some more cargoes and the activity is somewhat higher. However rates remain still very poor. Coal cargoes from Usg to east med/Black sea covered at usd 11 pmt which equal to low 4000 per day. China is back and we see more order and cargoes coming out. Pacific round being fixed in the 4000 range, tic higher, but not much change from last week. Indonesia/india rounds paying arnd 5000 per day. Limited fronthaul activity reported but som grain from South America covered arnd 11500 + 150k range also marginally up from last week. Period deals not much done on these levels, but decent kamsarmaxes fixed at 7500 for 6/8 months. Despite some more activity in both hemispheres and especially pacific, it has shown little impact on the rates sofar, but we do hope the increased activity and china back to normal speed it will push the rates further up.
Chartering - Capesize
Despite the Chines New year celebrations coming to an end, there is not much enthusiasm around. Rates are pretty much unchanged in the Pacific as well as in the Atlantic, and with record low levels (at least in modern times) it is becoming easier for owners to make the decision to ballast into the Atlantic from the pacific. Or to simply idle and wait.
Despite the Chines New year celebrations coming to an end, there is not much enthusiasm around. Rates are pretty much unchanged in the Pacific as well as in the Atlantic, and with record low levels (at least in modern times) it is becoming easier for owners to make the decision to ballast into the Atlantic from the pacific. Or to simply idle and wait.