Chartering - Handy
It has been a fairly active week for the Handies and Supramaxes across both hemispheres. With the bigger Panamaxes taking the lead for a firming market, the smaller Supras are now fetching up. We see stronger fixtures achieved both out of the USG and Continent. A healthy USD 15,250 was reported done on a Smax for USG/Feast. In the Pacific we see the usual Indo/China runs combined with India destined coal cargoes. Owners are able to fix low 6k for trips China and around USD 7k for trips direction India. The period market is back into play and shorter periods are now being concluded at around USD 8-8,5k depending on specs and delivery.
It has been a fairly active week for the Handies and Supramaxes across both hemispheres. With the bigger Panamaxes taking the lead for a firming market, the smaller Supras are now fetching up. We see stronger fixtures achieved both out of the USG and Continent. A healthy USD 15,250 was reported done on a Smax for USG/Feast. In the Pacific we see the usual Indo/China runs combined with India destined coal cargoes. Owners are able to fix low 6k for trips China and around USD 7k for trips direction India. The period market is back into play and shorter periods are now being concluded at around USD 8-8,5k depending on specs and delivery.
Chartering - Panamax
After a remarkable rally last 2 weeks, boosted by ECSA June grain nominations, the market has calmed down considerably into a softer stand-off modus.The holidays in the Far East early week contributed to a muted sentiment. Tight for tonnage in the North Atlantic though, where Chrtrs with ppt requirements pay abt 8.000 for T/A and well above 12.000 for trips out. Forward business limited and rated below last done. ECSA fhaul at 12.750 + 275 bss APS mid week. Mixed and softening in the Eastern hemisphere, with APS rates having surfaced, from 5.000 DOP to less bss APS either for Indo/india or Aussie rounds. The period market has calmed down, with less interst and reduced rates.Short period abt mid 6’s for regular LME - Large Modern Economic (abbreviated as 'LME')
Chartering - Capesize
Although the Capesize market skipped a beat at the end of last week, it seems definitely to be holding its ground. As of today, all trades are up and the time charter equivalents are now well over Opex, and still rising. In the pacific, the volumes are very healthy, and although there is not much fixing in the Atlantic the balance seems good and the rates are moving up faster than in the pacific. On period, we have seen numbers in the upper USD 12000 mark for slightly forward deliveries. In general, the mood is more upbeat and we may see the present market strength continue.
Although the Capesize market skipped a beat at the end of last week, it seems definitely to be holding its ground. As of today, all trades are up and the time charter equivalents are now well over Opex, and still rising. In the pacific, the volumes are very healthy, and although there is not much fixing in the Atlantic the balance seems good and the rates are moving up faster than in the pacific. On period, we have seen numbers in the upper USD 12000 mark for slightly forward deliveries. In general, the mood is more upbeat and we may see the present market strength continue.